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Verizon Business Customers Can now Finance Devices

January 29, 2016 - Written By Alexander Maxham

Last year, Verizon eliminated contracts. At least on the surface. As we’ve seen from others, eliminating the subsidized smartphones and going with financing or leasing is still a form of a contract. Verizon has seen some big success with their financing services through Verizon Edge. Which allows a customer to finance a device at 0% interest, over the next 24 months. So instead of dropping $700 on a smartphone today, you can spread that amount out over 24 months, making the fee much easier to swallow.

Up until today, business customers on Verizon’s network weren’t able to finance devices when they are upgrading their equipment. However, in a press release that the company put out today, they are bringing their EIP on over to business customers. Not only does this drop the up-front cost of the device that the customers are buying, but it also lowers the price of the monthly access fee for each device. From $35/line/month to $15/line/month. And when you’re talking about 20 lines, that’s a pretty big savings.

In addition to bringing financing over to business customers, Verizon also changed up their business service plans. With just two plans now. One that is for 25 lines or less dubbed The Verizon Plan for Business and the other for 26 lines or more which is dubbed the Flexible Business plan. These plans give everyone unlimited talk, unlimited text, unlimited international messaging from the United States, as well as corporate email using Exchange ActiveSync (a pretty popular service for those using Microsoft’s products), Lotus Notes Traveler or Good for Enterprise. As far as data goes, the data is shareable now. So you are buying a pool of data for all of the lines on your account, just as you would for a personal account with two or more devices on there. A bit unfortunate that the data is shared among all of the lines, instead of being able to give each line a set amount of data each month.

You can head on over to Verizon’s business website to learn more about these new plans as well as the new EIP options that are now available to businesses that use Verizon as their wireless carrier.