Verizon: ETFs Help the Poor Afford Smartphones

Status
Not open for further replies.

Jerky_san

Distinguished
Apr 22, 2009
110
0
18,630
0
I can understand the "cost of the device" but it still makes little sense in general that if your 2 weeks away you still pay 120..
 

hellwig

Distinguished
May 29, 2008
817
0
18,930
2
Verizon is claiming ETFs provide a necessary income and only penalize those who break the contract they agreed to anyway. Its like parking meters. The 25-cents you put into those things doesn't even cover the cost to maintain them. The profit comes from parking tickets. Cities acknowledge this, it's why in some cities, you can get a ticket for putting change in someone else's meter (cause the city desperately wants that ticket fee).

I can see Verizon excusing the ETF to cover the cost of the phone (seriously though, $120 one month before?), but where they get off claiming ETFs cover higher customer service costs and advertising is beyond me. Shouldn't the phone PLAN cover things like customer service, not the phone?
 

aracheb

Distinguished
Nov 21, 2008
132
0
18,630
0
So they also want us to directly play for the child like fight in commercial that they make.

And how come that a ETF that even after i finish my 2 year contract, i need to pay more money, for ending my contract, will help me acquire a new technological device...
If i don't have money to rank for the device, i surely wont have money to pay those hefty monthly fee
 

randallblow

Distinguished
Jan 19, 2009
3
0
18,510
0
The money comes from the 0.00001 cents it costs for them to send a txt message but you actually pay $15 a month or more for that virtually free txt they are sending. And if they are talking about marketing, I think they actually mean the AT&T smashing commercials. In the end, it's all a money grab.
 

randallblow

Distinguished
Jan 19, 2009
3
0
18,510
0
The money comes from the 0.00001 cents it costs for them to send a txt message but you actually pay $15 a month or more for that virtually free txt they are sending. And if they are talking about marketing, I think they actually mean the AT&T smashing commercials. In the end, it's all a money grab.
 

randallblow

Distinguished
Jan 19, 2009
3
0
18,510
0
The money comes from the 0.00001 cents it costs for them to send a txt message but you actually pay $15 a month or more for that virtually free txt they are sending. And if they are talking about marketing, I think they actually mean the AT&T smashing commercials. In the end, it's all a money grab. AT&T is no better.
 

tsnorquist

Distinguished
Dec 8, 2009
265
0
18,930
0
These companies should be allowed to charge an early termination fee, only on a prorated daily amount.

For example, Verizon should only be able to charge me $0.48 a day for each remaining day on my contract with their $350/2 Year agreement ETF.

This seems like a reasonable approach to the situation. People can't screw them over at the register and the phones depreciate as anticipated.
 

rodney_ws

Distinguished
Dec 29, 2005
162
0
18,640
10
Verizon is in the wrong on this and they know it. I TOTALLY get the idea of ETFs and I think they are absolutely necessary... but when your ETF just becomes a punitive tool to keep your customers on board, then you've crossed a line. Whatever cost Verizon subsidizes on their phones I totally believe they should have ETFs that match... and then reduce it proportionately as the contract works its course. To pop someone for $100+ on the last month of a 24 month contract? That is what got them in this mess and the socialist (sorry, I meant "liberal") congress that we have now is going to hammer them on this. Someone at Verizon should have known better... the $350 isn't the problem... it's the way they prorate it.
 

sciggy

Distinguished
Apr 15, 2008
28
0
18,580
0
Whats the big deal? If you can make it 23 months through a contract why would you not be able to hold on for 1 more month? Seems like a rarely encountered scenario anyways.
 

B-Unit

Distinguished
Oct 13, 2006
72
0
18,580
1
So, because its finnaly prorated, everyone is pissed? Why was no one complaining when it was $150 if you canceled on Day 1 or Day 729?
 

DustyDinkelman

Distinguished
Jan 8, 2008
10
0
18,560
0
The ETF is atleast $120 so that you stay in your agreed upon contract. If you have a smartphone on Verizon (or any) service, you probably pay $70+ dollars a month, anyway. So, before they charged you almost 2 months of service to dump them, now they are trying to ensure you pay that much up until the very end. Most people will stay under contract rather than take the penalty at that point.
 

ac21365

Distinguished
Aug 10, 2009
46
0
18,580
0
Does nobody see what's going on. First round of ifone 3g contracts are up soon. Most people want nothing more than to ditch AT&T (even if it means giving up the ifone, as there's not a cdma version out yet). They bail to verizon, and shablam! 2 years of being nickel-and-dimed to death.

Conspiracy? I perfer to see it as forward thinking.
 

backin5

Distinguished
Oct 23, 2009
75
0
18,580
0
Verizon: "the ETF allows customers with 'limited means' to buy phones they otherwise would not be able to afford".

And when they can't even afford to keep paying for the phone and want out, we charge their ass off!
 

matt87_50

Distinguished
Mar 23, 2009
599
0
18,930
0
maybe these limited means people shouldn't have smart phones, just like all those poor people shouldn't have had McMansions. do they even do a credit check when you sign up for one of these contracts? I assume they do?? This is why I hate contracts.
 
Status
Not open for further replies.
Thread starter Similar threads Forum Replies Date
B Streaming Video & TVs 1
M Streaming Video & TVs 1
F Streaming Video & TVs 2
S Streaming Video & TVs 3
P Streaming Video & TVs 1
manolain Streaming Video & TVs 6
G Streaming Video & TVs 1
Z Streaming Video & TVs 1
rutherfordsc Streaming Video & TVs 3
K Streaming Video & TVs 3
Marshall Honorof Streaming Video & TVs 14
S Streaming Video & TVs 1
G Streaming Video & TVs 10
A Streaming Video & TVs 5
G Streaming Video & TVs 0
G Streaming Video & TVs 0
G Streaming Video & TVs 2
S Streaming Video & TVs 1
G Streaming Video & TVs 0
USAFRet Streaming Video & TVs 3

ASK THE COMMUNITY