Verizons monthly installment plan is pretty straightforward: they give you 36 months to pay off your device, and once youve had it for at least 30 days and paid your phone down by 50%, you have the option to upgrade early. There are a few different ways that you can unlock your Verizon phone. If they are giving you $700 for a phone worth $100 they have to make that up somewhere. By paying it off: You now wont have that cost included in your bill every. Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly. In fact, Verizon sometimes has promos that are applied as discounts to the monthly bill (such as $240 off a phone, applied as 24 x $10 monthly bill credits. If somebody bought a phone from Verizon with monthly payments, could they pay off the phone early? Yes, but it will likely cost you. If Verizon will not allow me to Buy a Device, and Get a Device as laid out by the promotion in the store where I bought my phone I see no reason to pay more in service month to month than other major carriers and stay with Verizon. BYOD: Get up to $650 towards paying off eligible devices: Switch to T-Mobile: Verizon (CDMA) BYOD: Get up to $500 in credits when you switch to Verizon. If a device is paid off, there’s no reason for Verizon to continue providing credits. 0 1 plastics New Member • 3 Messages 8 months ago. Next is to find the particular device you intend to pay off. Unfortunately, paying off a device (Get device) associated with a BOGO promotion prior to the agreement end date will negate any promotional credits going forward. Or shop our Upgrade deals. If you pay the phone off early you still have to stay 2 years to get your credits. Take Advantage of a Change in Contract Terms 5. The early termination fee is usually $350 but the amount is reduced. vHVY- referrerpolicy=origin target=_blank>See full list on tecody. Theres a full list that you can read on. For instance lets say you had $240 off a phone that was given to you as a $10 per month credit. You can pay early. Payment arrangements & promise to pay FAQs. If you pay off the phone and disconnect the service before the 36 months have elapsed, you will forfeit any future credits. But Verizon will charge you a $50 restocking fee. The manufacturers are the only ones making money on the devices. Verizon doesn’t make their money off devices. Promotion rate and paying off phone. How to Cancel Your Cell Phone Contract for Free 1. Yes, you can pay off your Verizon device early. Should I pay off my device early? : r/verizon. If you pay off your current device before you pay the current bill, then your bill should be automatically adjusted to reflect the removal of the device payment. Unless you purchased your phone outright or you’ve had it for a few years, you’ll likely have to pay it off. Learn how device payments work, how to view your balance, pay off your device and more. Youll just need to make sure that you cover the full remaining balance before the end of your contract. In this article, I have talked about various factors that come into play when you switch phone companies. Now heres the fine print: Verizons early upgrade program only applies to certain devices, namely: iPhone XS, iPhone XS Max, and iPhone XR. So do you want to take $125 out of bank account now to feel cool or $10 each month for 3 months. BYOD: Get up to $650 towards paying off eligible devices: Switch to T-Mobile: Verizon (CDMA) BYOD: Get up to $500 in credits when you switch to Verizon and bring your own phone: Switch to Verizon: AT&T (GSM) Get a new phone: Up to $800 off an eligible smartphone BYOD: Up to $500 when you switch ($250/line) Switch to AT&T (GSM). Bring in your old device, including a cell phone, smartwatch or tablet, and Verizon will appraise the value of your device and give you a credit on your account good toward a new device or other products and services available through Verizon. 0 Likes Reply Re: pay off device early lawsoch1 Newbie 05-11-2020 12:55 PM. Here are some answers to the most common questions about the device trade-in process. The purpose of the credits and the way things are set up is to keep you shackled in place because we all know tolerance is something that few people have these days Pablo_Newt • 1 yr. Some people may not want to keep the phone the entire two years for various reasons (sell the phone, upgrade, give to a family member, etc. Or maybe someone wants to hit a spending threshold on a credit card (for a bonus or whatever). What happens when you pay off a Verizon phone you bought at. Can You Get Verizon To Pay Off Phone To Switch?. Note that, if you opt to pay off your phone plan, you must pay the entire remaining balance. But just because we’re eligible for a phone upgrade offer doesn’t mean we need it. It won’t attract any termination fee; neither will you be charged to pay off the phone’s payment. 44 per month) and say you paid the balance off 1 month in, Verizon pockets the remaining $680. Depending upon your carrier, you may be paying for both the phone and your plan in your billing periods. Whether you pay the phone off up front or over 24 months really shouldnt matter. Learn how to pay off your plan or cancel Next Up. Break free from your 3-year contract with AT&T when you switch to a Go5G Plus plan today. If you pay off your Verizon phone early, you will no longer have your device payment charges on your account, but you will lose any promotional credits assigned to that particular device. If you bought a cell phone from one of the major carriers T-Mobile Sprint, AT&T or Verizon changes are sooner or later youll be eligible for an early cell phone upgrade. If I Pay Off My Verizon Phone Does It Become Unlocked?. 0 Likes Reply Re: pay off device early lawsoch1 Newbie 05-11-2020 12:55 PM. While youre not contractually obligated to stay with Verizon, you will need to pay a buyout price for your phone before you can take that device to another carrier. For both types of devices, you’ll need to have had your account active for at least 60 days and should be in good standing before requesting an unlock. When a device is financed through Verizon (or any other carrier), it co Something went wrong. I know that when you pay off a phone early on Verizon where youre getting device payment credits, you dont end up getting the whole refund. After researching Verizons policy on the matter, weve discovered that canceling your contract early results in Early Termination Fees of between $175 and $350, depending on the type of agreement you have signed. Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly bill will be reduced by the monthly amount of your device payment and you would only be paying for service each month on your bill. How can I pay off my device payment agreement early? What happens to my monthly device payments if my device is lost, stolen or damaged? I lost my phone and suspended its service. Psychologically, some might still prefer to pay off early and not have that debt; but you definitely can earn that much in interest. It is possible to pay off your device payment agreement early. Switching Phone Carriers: Costs, Fees & Deals. If you have a post-paid device, you’ll need to contact Verizon’s customer care department at (800)922-0204 to begin the unlocking process. Your device has been paid off. You can expect fewer monthly. As mentioned, not only do you have to have 50% of your current (eligible) phone paid off in order to take advantage of Verizons early upgrade program, but you. If you are not under any contract and choose to leave Verizon early, you do not have to pay any cancelation fee. Instead, you’ll pay off the full price of your phone over 24 months. If you pay off the phone early but dont disconnect service, some have reported being able to keep the credits. If you pay the phone off early you still have to stay 2 years to get your credits. How early is going to be the big question. Verizon offers a device payment option, which allows you to spread out the cost of your device over 24 months. You can cancel and return your new Verizon phone 30 days from the day of purchase. You can opt for a one-time payment to clear your remaining phone bills. If you pay off your Verizon phone early, you will no longer have your device payment charges on your account, but you will lose any promotional credits assigned to that particular device. T-Mobile will pay off the balance, capped at $650. Verizon’s FAQ says you can only upgrade after you pay off the device completely, so that means you either pay it off early or run out the entire 36 months. Tap Pay off device. Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly bill will be reduced by the monthly amount of your device payment and you would only be paying for service each month on your bill. So they can upgrade sooner. Your only option to pay off early is to pay the remaining balance. If prompted, enter your password, fingerprint or Face ID. Yes you save money because if you pay the phone off early you do not get the promotional credits sk8r716 • 3 yr. Breaking a phone contract and binding payment plan often entails an early termination fee, or ETF, or may immediately require a user to pay off the remaining balance of their smartphone if. com%2fpay-off-verizon-phone-early%2f/RK=2/RS=ZlYGDck3Bi08OszS6. Paying your Verizon mobile bill FAQs. Verizon offers a device payment option, which allows you to spread out the cost of your device over 24 months. Learn about smartphone installment plans. Yes, you can pay off your Verizon device early. This can be done using any of these ways: Online through My Verizon Payoff device page. Can I Pay Off My Verizon Phone EarlyAfter researching Verizons policy on the. phone from Verizon with monthly. Early payments If you want to pay early, you can absolutely do that. 0 1 formerlyknownas +79 more ACE - Sage • 106. See How to view and pay Apple Card Monthly Installments - Apple Support including the following: If you want to pay extra on your Apple Card Monthly Installments, you can Pay Early. VZW wants to keep you on the team. For instance lets say you had $240 off a phone that was given to you as a $10 per month credit. Can I Cancel Verizon Before Phone Is Paid Off?. Switching carriers and still owe Verizon for Devic. In the past I got out of a cell phone contract with Verizon by transferring my phone number and contract to a friend. By doing this, you can pay off your device at any point before the 24 months are up. Re: Promotion rate and paying off phone. The same also applies to phone finance or monthly installments. Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly bill will be reduced by the monthly amount of your device payment and you would only be paying for service each month on your bill. Here, you should be able to find out how much the early termination fee is for your provider. Verizons monthly installment plan is pretty straightforward: they give you 36 months to pay off your device, and once youve had it for at least 30 days and paid your phone down by 50%, you have the option to upgrade early. Once it is eligible, proceed and choose the Pay Off Device, then follow the prompts. Can I Pay Off My Verizon Phone Early? Yes. How can I make a bill payment if my Verizon wireless account is disconnected? Learn More Bill statement Pay bill Payment arrangements Auto Pay Change billing address Find answers here about paying your Verizon mobile bill and the payment types you can use. What you can’t do, however, is pay more than your set monthly installment — so unless you can pay off the entire device, you’re locked into the three-year plan. You don’t have to pay for your new iPhone all at once. We’ll reimburse your remaining device balance and early termination fees, up to. Paying off phone early? What credits are ppl talking about?. How early is going to be the big question. Tap the Account tab (at the bottom). If you have a Verizon Pre-Paid device, you can request an unlock by calling Customer Service at (888)294-6804. Get full terms LOCKED PHONE ON AT&T OR ANOTHER CARRIER? We’ll help pay off your locked phone, so you could get a new 5G phone ON US. Breaking a phone contract and binding payment plan often entails an early termination fee, or ETF, or may immediately require a user to pay off the remaining balance of their smartphone if. You can cancel and return your new Verizon phone 30 days from the day of purchase. / Can I combine all my payments into one? Early payments. The terms of many of these promotional discounts often state that you lose the discount if you pay the phone off, early. If Verizon will not allow me to Buy a Device, and Get a Device as laid out by the promotion in the store where I bought my phone I see no reason to pay more in service month to month than other major carriers and stay with Verizon. Once you cancel service, the remaining balance of all device payments will become due. Where can I go to make a cash payment? Learn more Popular FAQ How can I pay my Verizon wireless bill? What forms of payment can I use? Learn More Popular FAQ. Open the My Verizon app. Pay over the 3 months = whatever your bill says you are paying per phone. Negotiate with Customer Service 6. 05-11-2020 12:35 PM. The company will pay off a certain amount of your outstanding phone payment plan balances with your current carrier (or fully, if you’re with Verizon ), as well as early termination. In fact, Verizon sometimes has promos that are applied as discounts to the monthly bill (such as $240 off a phone, applied as 24 x $10 monthly bill credits. 73 out of your bank account. Breaking a phone contract and binding payment plan often entails an early termination fee, or ETF, or may immediately require a user to pay off the remaining balance of their smartphone if. If youre interested in taking advantage of one of Verizons many deals and need to make payments on your device, go for it! Verizons monthly installment plan is pretty straightforward: they give you 36 months to pay off your device, and once youve had it for at least 30 days and paid your phone down by 50%, you have the option to. ago Oh really!? What’s that supposed to mean!? 😂 MenzMoney • 1 yr. Can I cancel my 2 year contract with Verizon early?. If you are asking can you pay more than your monthly payment so that you can pay it off early, no that is not possible. Of course, you can also opt to pay off more to become eligible earlier. Depending upon your carrier, you may be paying for both the phone and your plan in your billing periods. Sometimes people like get a large amount of cash (maybe by a rebate or some random gift) and want to in the end lower their monthly payments. ‎Paying off new phone early. Verizon is a service provider and that is how they make their money. Yes, you can get Verizon to pay off your phone to switch from your previous network to Verizon, usually with the help of a prepaid card that can pay the outstanding bill on your previous device. Here are some important details: Depending on your credit, a down payment might be required. Find out how UNLOCKED PHONE ON. If you pay off the phone and disconnect the service before the 36 months have elapsed, you will forfeit any future credits. What happens when you pay off a Verizon phone you bought at best buy on sale early? I know that when you pay off a phone early on Verizon where youre getting device payment credits, you dont end up getting the whole refund. Open the My Verizon app. Switch carriers without early termination fees: How to avoid >Switch carriers without early termination fees: How to avoid. Can I Pay Off My Verizon Phone Early? Yes. Affirm>Payments overview. Switching phone carriers: Costs, fees & deals. Credits youve already received will not be affected. Yes, you can get Verizon to pay off your phone to switch from your previous network to Verizon, usually with the help of a prepaid card that can pay the outstanding bill on your previous device. What happens when you pay off a Verizon phone you. Instead of paying full price up front for a new phone, you can choose to pay with low monthly installment plan payments. How to get out of a cable or internet contract without paying. your AT&T or Verizon smartphone. What happens if my Verizon contract is canceled before my. Can you pay more each. What Happens If I Pay Off My Verizon Phone Early? (full Guide). This means that even with a paid off device, Verizon’s promotions can still be applied. If you have a post-paid device, you’ll need to contact Verizon’s customer care department at (800)922-0204 to begin the unlocking process. However, you will still be responsible for paying the billed amount for the current month based on your usage. There are a few different ways that you can unlock your Verizon phone. If you are on Verizon’s long-term contract, usually 24 to 36 months, Verizon will charge you an early termination fee when you cancel your account. The final bill from Verizon may also include an Early Termination Fee, or the rest remaining on your Device Payment Agreement if your new carrier doesn’t offer to pay them off. Switch to another Cell Provider 4. If you contact us after you pay the current bill, and before the next bill is issued, then it reflects the adjusted amount. If you are on Verizon’s long-term contract, usually 24 to 36 months, Verizon will charge you an early termination fee when you cancel your account. When a device is financed through Verizon (or any other carrier), it comes with a contract. If you are on Verizon’s long-term contract, usually 24 to 36 months, Verizon will charge you an early termination fee when you cancel your account. You’ll receive a final bill, which may include an early termination fee if you’re required to pay one, as well as any balance on your Device Payment Agreement. You can expect fewer monthly payments, a smaller final payment, or both. How to Switch Phone Carriers Without Early …. You can opt for a one-time payment to clear. If you are asking can you pay more than your monthly payment so that you can pay it off early, no that is not possible. pay off their phones early? : r/verizon>Why does everyone want to pay off their phones early? : r/verizon. Some people may not want to keep the phone the entire two years for various reasons (sell the phone, upgrade, give to a family member, etc. Should I pay off my phone?. After browsing through Verizon’s device line-up this morning, I did not find anything but a 36-month option for any phone, from cheap $160 phones up through $1,000+ flagships. Unlike your standard monthly charges, there may be a cancellation fee or an early termination fee. You can simply pay over time. Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly bill will be reduced by the monthly amount of your device payment and you would only be paying for service each month on your bill. Its the credits that matter and yes those make you stay 24 months to receive all of them. If prompted, enter your password, fingerprint or Face ID. Once you’ve activated your new service, your old account should automatically cancel. By doing this, you can pay off your device at any point before the 24 months are up. You can switch carriers online or in person. Move Out of the Service Area Summary. Plus, switch today and get a new 5G device ON US, up to $830 when you trade in an eligible phone. Verizon early upgrade for smartphones FAQs / Verizon Customer Support Support Shopping & Deals Verizon early upgrade for smartphones FAQs Trade in an eligible. The entire remaining balance needs to be paid in full. What Happens If I Pay Off My Verizon Phone Early? Options. T-Mobile will pay off the balance, capped at $650. Lets say you decide to pay off the phone after a year, and Ive only received $120 of those credits. Yes, you can pay off your Verizon device early. youll have to turn in your current smartphone or start the turn-in process. When you log in, navigate to the Pay Off Device displays, which is next to eligible devices for pay off. 9tFdkIeY1OptXNyoA;_ylu=Y29sbwNiZjEEcG9zAzIEdnRpZAMEc2VjA3Ny/RV=2/RE=1683498302/RO=10/RU=https%3a%2f%2ftecody. If you dont have enough to pay the balance, just save until you do. Verizons device installment plans last for 24 months, so most people will have reached the 50% payoff mark after 1 year. Until the devices are paid off, it is unlikely you would be able to use the devices on another carrier. There is no contractual obligation on service, pay DPP off early and you sacrifice any promo credits on the line receiving them. In fact, Verizon sometimes has promos that are applied as discounts to the monthly bill (such as $240 off a phone, applied as 24 x $10 monthly bill credits. Verizon’s phone contracts are all three years now. If somebody bought a phone from Verizon with monthly. How can I make a bill payment if my Verizon wireless account is disconnected? Learn More Bill statement Pay bill Payment arrangements Auto Pay Change billing address Find answers here about paying your Verizon mobile bill and the payment types you can use. How can I make a bill payment if my Verizon wireless account is disconnected? Learn More Bill statement Pay bill Payment arrangements Auto Pay Change billing address Find answers here about paying your Verizon mobile bill and the payment types you can use. How to Switch Phone Carriers Without Early Termination Fees. To put it simply, if you got a $700 credit over 36 months (approx $19. Once you cancel service, the remaining balance of all device payments will become due. Pros: Nearly $0 due upfront (you’ll still have to pay the taxes when you sign), no two-year contract, no additional cost to. 7 Ways to Cancel Your Cell Phone Contract Without Paying Fees. If you contact us after you pay the current bill, and before the next bill is issued, then it reflects the adjusted amount. Cancel Your Cell Phone Contract Without Paying Early. The Verizon device payment program gives you the flexibility to always have the latest mobile device. In fact, skipping the upgrade can save us money. You can switch carriers online or in person. 1 More posts you may like r/ATT Join • 18 days ago Paying off a Phone Early / Promo Bill credit lost? 4 12 redditads Promoted. Note that, if you opt to pay off your phone plan, you must pay the entire remaining balance. Switch carriers without early termination fees: How to avoid. 0 Likes Reply Re: Switching carriers and still owe Verizon for Device payment glitchedpixel Specialist - Level 1 09-09-2019 02:45 PM @TABEMB wrote:. Alternatively, you can dial #PMT directly from your device to pay via an automated voice system. I know that when you pay off a phone early on Verizon where youre getting device payment credits, you dont end up getting the whole refund. The move leaves you with two choices when you buy a. If you pay off your Verizon phone early, you will no longer have your device payment charges on your account, but you will lose any promotional credits assigned to. Want a Verizon device? Pay in full or lock in for three years: …. Reality: Your free or discounted phone requires you to stay with Verizon for 24 months. This can be done using any of these ways: Online through My Verizon Payoff device page. Transfer or Trade Your Contract 3. You can pay early. Canceling your agreement early will, however, come with expensive “Early Termination Fees” which cannot be avoided. ago Because the vast majorities of people are not capable of budgeting their money 2. Note: We also offer accessory purchase financing for eligible customers. To upgrade now, go to your Device overview in My Verizon. This may or may not be an issue depending on how expensive the device is that you purchased from Verizon or AT&T. Verizon’s FAQ says you can only upgrade after you pay off the device completely, so that means you either pay it off early or run out the entire 36 months. BYOD: Get up to $650 towards paying off eligible devices: Switch to T-Mobile: Verizon (CDMA) BYOD: Get up to $500 in credits when you switch to Verizon and bring your own phone: Switch to Verizon: AT&T (GSM) Get a new phone: Up to $800 off an eligible smartphone BYOD: Up to $500 when you switch ($250/line) Switch to AT&T. However, that doesnt mean you can avoid shelling out that money—youll still need to pony up. How can I pay off the suspended phone so I can get a new one? If I. Pay over the 3 months = whatever your bill says you are paying per phone. Billing & Payments Paying your Verizon mobile bill FAQs Popular FAQ How do I know when its time to pay my bill? Learn More Popular FAQ I want to pay my bill in cash. Re: pay off device early. You didnt pay off both devices with one payment because you have two agreements. cable or internet contract without paying >How to get out of a cable or internet contract without paying. They make almost nothing on phones. And you can upgrade once you’ve made the equivalent of 12 payments. In January 2019, AT&T announced that it would no longer pro-rate the bills of customers who left their internet and phone contracts early. About upgrading your mobile device Expand All What is a device upgrade? When can I upgrade a mobile device on my Verizon account? How do I know if a device on my Verizon account is upgrade eligible?. Once youve activated your new service, your old account should automatically cancel. Early payments If you want to pay early, you can absolutely do that. Its always been this way for those type of promotions. The simple answer to this question is, yes, you can leave your Verizon contract at any time. This means that even with a paid off device, Verizons promotions can still be applied. The Verizon device payment program gives you the flexibility to always have the latest mobile device. Youll receive a final bill, which may include an early termination fee if youre required to pay one, as well as any balance on your Device Payment Agreement. Re: pay off device early. Verizon gives you the option to pay off your remaining phone payment. From the Complete Your Payoff screen, review the info then tap Complete Payoff (at the bottom). Verizon gives you credit on the second one to cover it for 24 months. The terms of many of these promotional discounts often state that you lose the discount if you pay the phone off, early. Switching after missing payments You can switch providers even if youve missed payments. Unlike your standard monthly charges, there may be a cancellation fee or an early termination fee. If you are not under any contract and choose to leave Verizon early, you do not have to pay any cancelation fee. There are no penalties or fees, and you’ll save on any interest that hasn’t accrued yet. off phone early, do I still have to keep the service?>Paid off phone early, do I still have to keep the service?. 4 ways you might be able to get out of your cable or internet contract penalty-free. Use the Grace Period Loophole 2. Your only option to pay off early is to pay the remaining balance. Verizon early upgrade for smartphones FAQs Trade in an eligible smartphone youve had for more than 30 days for a new eligible smartphone through the Verizon early upgrade program. We’ll reimburse your remaining device balance and early termination fees, up to $650 per line, for up to 2 lines, via virtual prepaid Mastercard. If you dont have enough to pay the balance, just save until you do. Learn more with our Finance your accessory purchases FAQs. Verizon has rejiggered the length of its installment plans, dropping 24- and 30-month options in favor of a single 36-month time period. According to Verizons website, the 36 month plans applied to devices like smartphones, tablets, smart watches, and mobile hotspot devices, to name a few. Re: Promotion rate and paying off phone. There is sometimes a minimum notice period, around one month or 30 days. Before you can Pay Early, you need to pay your entire Apple Card balance. ago Definitely wouldnt do it, especially since theres no interest on the devices so youre paying the same amount of money through dpp [deleted] • 3 yr. Before you commit to such a deal, just make sure youre good with the buyout price. Psychologically, some might still prefer to pay off early and not have that debt; but you definitely can earn that much in interest. Whats an early upgrade with Verizon? With early upgrades you can buy an eligible smartphone and turn it in after 30 days and payment of at least 50% of the purchase price to upgrade to a new eligible smartphone on a device payment agreement. You’ll just need to make sure that you cover the full remaining balance before the end of your contract. Verizon offers a device payment option, which allows you to spread out the cost of your device over 24 months. By doing this, you can pay off your device at any point before the 24 months are up. Verizon doesn’t make their money off devices. Any outstanding balance must be paid in full before. The early termination fee is usually $350 but the amount is reduced based on when you cancel your contract. In fact, Verizon sometimes has promos that are applied as discounts to the monthly bill (such as $240 off a phone, applied as 24 x $10 monthly bill credits. Does this help clarify things at all? - ErichC_VZW 0 Likes Reply. You can opt for a one-time payment to clear your remaining phone bills. What Happens If I Pay Off My Verizon Phone Early? Options …. I pay off my device early? : r/verizon. Using My Verizon app: At the top left, click on the menu. According to Verizons website, the 36 month plans applied to devices like smartphones, tablets, smart watches, and mobile hotspot devices, to name a few. Answer (1 of 5): If somebody bought a phone from Verizon with monthly payments, could they pay off the phone early? Yes, but it will likely cost you. Verizon has rejiggered the length of its installment plans, dropping 24- and 30-month options in favor of a single 36-month time period. Here, you should be able to find out how much the early termination fee is for your provider. Pay bill Payment arrangements Auto Pay Change billing address We all have financial emergencies and times when bills are higher than we thought theyd be. Why switch to Verizon?. You can switch carriers online or in person. The Verizon device payment program gives you the flexibility to always have the latest mobile device. Can I Use an International SIM Card on My Verizon Phone? Yes. It is possible to pay off your device payment agreement early. You’ll just need to make sure that you cover the full remaining balance before the end of your contract. If you pay off your Verizon phone early, you will no longer have your device payment charges on your account, but you will lose any promotional credits assigned to that particular device. If you are looking to find out what is Verizon Wireless, you should also read about what is Verizon and why is it important.