An early termination fee (ETF) is a penalty charged by a service provider when a customer cancels their contract before the end of the agreed-upon term. Verizon, a major telecommunications company in the United States, charges ETFs for customers who cancel their wireless service contracts early. The amount of the ETF varies depending on the length of the contract and the type of service being canceled.
There are a few ways to avoid paying an ETF from Verizon. One way is to simply fulfill the terms of your contract. This means staying with Verizon for the entire length of your contract, even if you find a better deal elsewhere. Another way to avoid an ETF is to take advantage of Verizon’s “early termination fee waiver” program. This program allows customers to cancel their contracts early without paying an ETF if they meet certain criteria, such as moving to a new location or being deployed overseas.
