In line with a leaked document from earlier this week, Verizon today announced the upcoming launch of its new "Edge" handset upgrade program. Similar to AT&T's "Next" program introduced earlier this week and T-Mobile's "Jump" offering, Edge is designed to allow users to upgrade their handsets more frequently.

verizon_edge

Here’s how it works: Choose the phone you want and sign up for a month-to-month service plan, it’s as easy as that. The full retail price of the phone will be divided over 24 months and you’ll pay the first month at the time of purchase. If you want to upgrade after 6 months, just pay off 50% of the full retail price of the phone and you can choose a new phone and start all over again.

There are no long-term service contracts, finance charges or upgrade fees with Verizon Edge. Every six months, as long as 50 percent of the cost of the phone has been paid, you can upgrade to the newest basic or smartphone available.

According to AllThingsD, customers must also trade-in their existing handsets in order to upgrade under the program. Verizon's Edge program launches August 25 for customers on the carrier's Share Everything plans.

Related Forum: iPhone

Top Rated Comments

Millah Avatar
120 months ago
Honestly, one of the biggest scams I've seen ATT and Verizon try to pull. Their service plans are already artificially inflated to account for device subsidies. So add MORE on top of that, and it would already be a complete scam. But the real scam is that you are essentially renting the phone, since you'd have to give it back when you want to upgrade on top of having to pay half the phones price.

Wow, they've hidden their scam in something thats so convoluted and confusing that the average person just wont read between the lines. Absolutely digusting, one of their slimiest tactics I've seen yet from the two big "orifices" in telecoms.

Tmobiles is much more straightforward and honest. Realistically, you're just better off BUYING your phone and then RESELLING when you want to upgrade.

I hate the carriers
Score: 7 Votes (Like | Disagree)
BreuerEditor Avatar
120 months ago
What am I missing? You pay the phone's price over 2 years (so let's take an iPhone worth $700), and you're paying $350/year, but in order to upgrade in 6 months time, you have to fork up the total $350 price tag AND trade in your phone...so essentially, you're renting a phone, but if you keep it for 2 years, you've paid it in full and you STILL have to trade it in?? :confused::confused::confused::confused::confused:
Score: 4 Votes (Like | Disagree)
rdlink Avatar
120 months ago
Rent-a-Center comes to the phone business. Pay waaaay too much for something just because you want it now. Slime buckets.

I have a Share Everything plan with Verizon, and I'm thinking about leaving them with this announcement, even though it doesn't affect me. I hate the idea of supporting a company that would do something this slimy.

I wish Apple would just sell a completely unlocked phone that worked on all of the major US carriers, so that people like me could just pick and choose which carrier they want, and make them stumble over themselves trying to offer the best deal.
Score: 3 Votes (Like | Disagree)
jaykid007 Avatar
120 months ago
Tmob jump is better.
Score: 2 Votes (Like | Disagree)
Jimbo47 Avatar
120 months ago
Honestly, one of the biggest scams I've seen ATT and Verizon try to pull. Their service plans are already artificially inflated to account for device subsidies. So add MORE on top of that, and it would already be a complete scam. But the real scam is that you are essentially renting the phone, since you'd have to give it back when you want to upgrade on top of having to pay half the phones price.

Wow, they've hidden their scam in something thats so convoluted and confusing that the average person just wont read between the lines. Absolutely digusting, one of their slimiest tactics I've seen yet from the two big "orifices" in telecoms.

Tmobiles is much more straightforward and honest. Realistically, you're just better off BUYING your phone and then RESELLING when you want to upgrade.

I hate the carriers

Even if you buy the phone at full retail you still are being ripped off because your bill for each month stays the same. So you buy the phone at full retail, yet are still paying for it in the bill. With that said, I will probably be one of the many people who use this program even though I know im being ripped off. I can't afford to pay full retail for phones, and the carriers know this. I think the carrier is only benefiting if the customer waits more than 12 months to trade their phone in. That way in 12 months you basically paid for the full price of the phone. On the 13th month, you are now paying more than what the phone is worth.
Score: 1 Votes (Like | Disagree)
Christian 5G Avatar
120 months ago
Ok
Score: 1 Votes (Like | Disagree)

Popular Stories

apple watch ultra hammer test

YouTuber Tests Apple Watch Ultra Durability With a Hammer: Table Breaks Before the Watch

Sunday September 25, 2022 2:27 pm PDT by
A YouTuber has put Apple's claims for the durability of the Apple Watch Ultra to the test by putting it up against a drop test, a jar of nails, and repeated hits with a hammer to test the sapphire crystal protecting the display. TechRax, a channel popular for testing the durability of products, first tested the Apple Watch Ultra by dropping it from around four feet high. The Apple Watch...
tim cook spring loaded event

Six Major Products to Expect From Apple in 2023

Sunday September 25, 2022 10:57 am PDT by
As we approach the end of a busy product release season for Apple with only new iPads and Macs left to be announced over the next month or so, we're also setting our sights on 2023. Apple is rumored to have several major products in the pipeline for next year, including new Macs, a new HomePod, a VR/AR headset, and so much more. Other than new iPhones and Apple Watches, which are expected...
apple watch ultra deuglify 1

Apple Watch Ultra User Mods Titanium Casing to 'Deuglify' Design

Tuesday September 27, 2022 8:05 am PDT by
An Apple Watch Ultra user has modified their new device's casing to add a brushed finish and remove the orange color of the Action Button in an effort to make it more visually appealing. The Apple Watch Ultra offers the first complete redesign of the Apple Watch since the product line's announcement in 2014, and while the design has been met with praise from many users, some have criticized...
General iOS 16 Feature Yellow

Some iOS 16 Users Continue to Face Unaddressed Bugs and Battery Drain Two Weeks After Launch

Monday September 26, 2022 7:34 am PDT by
Today marks exactly two weeks since Apple released iOS 16 to the public. Besides the personalized Lock Screen, major changes in Messages, and new features in Maps, the update has also seen its fair share of bugs, performance problems, battery drain, and more. After major iOS updates, it's normal for some users to report having issues with the new update, but such reports usually subside in...
iPhone 14 Pro Sports Scores Dynamic Island

iPhone 14 Pro Features Live Sports Scores in Dynamic Island on iOS 16.1

Monday September 26, 2022 7:52 am PDT by
Earlier this month, Apple announced that iOS 16.1 will enable a new Live Activities feature that allows iPhone users to stay on top of things that are happening in real time, such as a sports game or a food delivery order, right from the Lock Screen. On the iPhone 14 Pro and Pro Max, Live Activities also integrate with the Dynamic Island. Premier League match in Dynamic Island via Paul Bradford ...
iPhone 14 Pros in Hand Black Background Feature

Verizon iPhone 14 Pro Customers Reporting Cellular Connection Issues

Monday September 26, 2022 6:23 am PDT by
iPhone 14 Pro customers on the Verizon network in the U.S. are reporting issues with slow and unreliable 5G cellular connections and calls randomly dropping. Several threads on Reddit (1,2,3) and the MacRumors forums chronicle issues faced by Verizon customers and Apple's latest iPhone. According to user reports, signal strength on the iPhone 14 Pro is unreliable and weak, while other...
Tim Cook Apple Event

Gurman: New iPads and Macs May Be Announced Through Press Releases, No October Event

Sunday September 25, 2022 6:50 am PDT by
Apple may decide to release its remaining products for 2022, which include updated iPad Pro, Mac mini, and 14-inch and 16-inch MacBook Pro models, through press releases on its website rather than a digital event, according to Bloomberg's Mark Gurman. In his latest Power On newsletter, Gurman said that Apple is currently "likely to release its remaining 2022 products via press releases,...
Stage Manager Extension Thumb 1

New iPadOS 16.1 Beta Expands Stage Manager to Older iPad Pro Models, Delays External Display Support

Tuesday September 27, 2022 10:24 am PDT by
The most recent beta of iPadOS 16.1 expands the controversial Stage Manager feature to older iPads, allowing it to work with iPad Pro models that have an A12X or A12Z chip, according to information Apple provided to Engadget. The beta also removes the external display support from Stage Manager for the current time, with the feature set to return in a later iPadOS 16 update. Apple's...
iOS 16

Everything New in the Latest iOS 16.1 and iPadOS 16.1 Betas: Stage Manager Expansion, Wallpaper Tweaks and More

Tuesday September 27, 2022 11:36 am PDT by
Apple today released new betas of iOS 16.1 and iPadOS 16.1 to developers, tweaking some of the functionality that's been introduced in prior betas and in the case of iPadOS 16.1, adding a major new feature to Stage Manager. We've rounded up everything new in both betas below. Wallpaper Updates Apple has updated the Wallpaper section of the Settings app to allow users to swap between...
john meyer ultra

Apple Watch Ultra Praised by Watch World Tastemaker John Mayer

Monday September 26, 2022 4:42 am PDT by
Apple Watch Ultra has been endorsed by American musician and famous watch collector John Mayer, who has been showing off the new device on his Instagram account. "Been wearing the Apple Watch Ultra for a week... and it's great," writes Mayer over a photo of the watch. "The first Apple Watch that excited me as a mechanical watch collector." "It's loaded with capability and what I call...