Verizon Wireless Offers New Prepaid Plans For 3G Phones, Starting At $60

By Alexandra Burlacu email: a.burlacu@mobilenapps.com | Feb 03, 2013 10:01 PM EST

Share This Story

  • Print
  • Email

Verizon Wireless just launched two cheaper prepaid plans with unlimited talk and text messaging, in an effort to better compete in the pay-as-you-go phone market.

Smartphone users on a budget can now choose between two lower-priced prepaid plans. The first one costs $60 per month, while the second goes up to $70.

Follow us

The $60 plan offers unlimited talk and text, as well as 500MB of data. For an extra $10, users can get 2GB of data in addition to unlimited talk and texts. Before these two new prepaid plans, Verizon's prepaid offering consisted of 2GB of data and unlimited talk and texts for $80 a month (the plan that is now $70).

As one may expect, however, there's a catch: the plan only covers 3G phones that run on Android, iOS, or BlackBerry handsets. Such phones include the Samsung Illusion, HTC Droid Incredible 2, as well as most BlackBerry models, but it is a limitation nonetheless.

Although Verizon Wireless has been offering prepaid plans for quite some time, it is still a small part of the company's business. Moreover, when it comes to prepaid smartphone sales, the three largest players in the U.S. - Verizon, AT&T, and T-Mobile - have been losing ground to Sprint's Boost Mobile and Virgin Mobile, as well as Metro PCS, according to analysts.

For Q3 2012, prepaid smartphone sales for the smaller carriers climbed 23 percent compared to Q2 2012, while sales for the top-tier carriers declined 12 percent over the same period. The phenomenon has a simple explanation: smaller carriers wooed customers by offering a larger selection of prepaid phones for lower prices.

Both AT&T and Verizon brought cheaper prepaid offerings at the time and Verizon even expanded its prepaid smartphone line-up, but the smaller carriers seem to have been ahead of the game.

According to Verizon, customers do not necessarily have to purchase a new smartphone to take advantage of the new, cheaper prepaid plans.

"No-longer used smartphone sitting in a drawer at home can be activated on a prepaid plan with no annual contract," explained Verizon.

While top-range smartphones typically come with carrier subsidies and lengthy, costly contracts, consumers' interest towards prepaid plans has seen a constant growth over time. As the economy is still sluggish and uncertain for many, pay-as-you-go seems to gain ground as a safer alternative to expensive commitments.

Get the Most Popular Mobile&Apps Stories in a Weekly Newsletter

© 2014 Mobile & Apps All rights reserved. Do not reproduce without permission.

Join Our Conversation

Smartphones
Motorola invite for Nov. 5 event Droid Turbo global version launching on Nov. 5 as Moto Maxx?
Microsoft Band fitness tracker debuts alongside Microsoft Health service: Here's the deal (VIDEO)
Motorola Nexus 6 goes in and out of stock in no time on Google Play
Meet the new OPPO N3 and R5 smartphones – What you need to know
Tablet / Laptop / PC
Dell Venue 7 and Venue 8 Dell unveils Venue 7 and Venue 8 Android 4.3 Jelly Bean tablets
Retina iPad Mini facing delays, may not launch until early next year
Refurbished 128GB iPad with Retina Display now available on the Apple Online Store
Samsung Galaxy Note 10.1 – 2014 Edition: Pricing and availability now official
Gadgets
Amazon Logo Amazon reportedly to launch ‘Firetube’ set-top box before 2013 holidays
Samsung Galaxy Note 3 and Galaxy Gear India launch: Pricing and availability
Samsung Galaxy Gear Android smartwatch now up for pre-order in Canada
Samsung Galaxy Gear 2 reportedly in the works already, may debut at CES or MWC 2014
OS / Software
HTC Logo HTC reportedly considering Android/Windows Phone dual-booting smartphone as Microsoft pushes for deeper Windows mobile integration
iOS 7 Chrome Incognito mode leaks private searches due to bug
Sprint HTC One Android 4.3 Jelly Bean already rolling out, AT&T, T-Mobile & Verizon to follow
Microsoft Windows 8.1 now available for pre-order
Internet / Social Media
Google Downtime Google blacks out for two minutes, causes 40 percent drop in world’s Internet traffic
Xbox Music web player is live and ready for Xbox Music Pass subscribers
Facebook Android app collected phone numbers even if users never logged in
Firefox 22 brings support for web video calls, 3D gaming, and Unreal Engine 3
What's App
Flipboard for Windows Phone Flipboard for Windows Phone finally available, but requires 1GB of RAM (VIDEO)
Vine gets major update, lets you upload previously-shot videos & more (VIDEO)
BlackBerry Messenger (BBM) finally hits Windows Phone – Available as a free download now
Instagram releases Bolt ephemeral messaging app in select markets to challenge Snapchat
Copyright © 2014 Mobile & Apps All rights reserved. mobilenapps
Real Time Analytics