News, Verizon doubling early termination fees. (itunes, blackberry, e-mail, devices)

[JD59]

It's called lock-in, folks: The tactic that works by ensuring that once you sign on with a product or a company, you have virtually no way to escape. You're stuck for life. Apple does this with the iPod by locking iTunes to its music player. Online e-mail providers do this regularly by making it impossible to get your email out of their system and onto another.

Verizon doubling early termination fees : Christopher Null : Yahoo! Tech

[grannynancy]

They are only doing this for the high end phones and because people are signing up, getting the phone, then cancelling and paying the early termination fee and keeping the phone.

[8 SNAKE]

Originally Posted by grannynancy

They are only doing this for the high end phones and because people are signing up, getting the phone, then cancelling and paying the early termination fee and keeping the phone.

Or using the BOGOF deal on Blackberry devices, cancelling the plan on the second (free) phone and selling the device for more than the cancellation fee.

[Lancet71]

If you just purchased a $550-600 phone today but paid $200 for it and then paid an ETF for $150; you'd be $200-250 ahead of the game.So for the high end phones the ETF went up to cover that fradulent practice.