Verizon Introducing $30 Fee for Phone Upgrades

April 12, 2012 Updated Apr 12, 2012 at 11:48 AM EDT

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Verizon Introducing $30 Fee for Phone Upgrades

April 12, 2012 Updated Apr 12, 2012 at 11:48 AM EDT

It will soon cost you more to upgrade your phone if you are a Verizon customer.

Verizon Wireless announced this week that it will be implementing a $30 upgrade fee beginning April 22 for existing customers who purchase new phones.

According to a release on Verizon's website:

On April 22, Verizon Wireless is implementing a $30 upgrade fee for existing customers purchasing new mobile equipment at a discounted price with a two-year contract. This fee will help us continue to provide customers with the level of service and support they have come to expect which includes Wireless Workshops, online educational tools, and consultations with experts who provide advice and guidance on devices that are more sophisticated than ever.

While the upgrade fee is not unique to Verizon Wireless, most devices can be traded in with our green friendly trade-in program at www.verizonwireless.com/tradein as a way to save money or potentially offset the fee completely.