An early termination fee (ETF) is a penalty fee charged by a service provider when a customer ends their contract before the end of the agreed-upon term. Verizon, a major telecommunications company in the United States, charges an ETF for customers who terminate their service contracts early. The amount of the ETF varies depending on the length of time remaining on the contract and the type of service being terminated.
There are a few ways to avoid paying an ETF from Verizon. One way is to negotiate with Verizon. If you are a loyal customer with a good payment history, Verizon may be willing to waive the ETF. Another way to avoid paying an ETF is to take advantage of Verizon’s “no-contract” plans. These plans do not have an ETF, but they typically have higher monthly rates than traditional plans with contracts.