Customers still have the option to fully pay for their phones or accessories at any time, but the feature is designed to provide more freedom for buyers. The policy applies to a wide array of devices, including cost-effective phones and premium flagship devices with a price tag around and over USD 1,000, and aims to lock down customer base and boost sales of premium smartphones and accessories.
The company’s new policy will be offered in all Verizon stores and comes after a similar plan was promoted by AT&T in 2021. By comparison, the country’s third important mobile carrier, T-Mobile, only offers online installment payments for 24 and 30 months.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright