Verizon has started notifying business customers of their new “Economic Adjustment Charge.” This fee will begin on June 16th of this year and be $2.50 per line.
According to a report by CNET, the largest carrier will be raising administrative fees on consumer accounts by $1.35 per voice line to $3.30 per line starting in June.
Statement to Business Customers
“Our number one priority is to provide exceptional service to your business and consistently deliver the quality and reliability that you expect from Verizon Business.
Fully invested in your success, we work every day to maintain competitive prices — often by absorbing increases that we incur. The current economic conditions impacting businesses worldwide continue to mount and despite our best efforts to mitigate further impact, we intend to offset a portion of these costs by implementing an Economic Adjustment Charge.” – Verizon Wireless
Who is Impacted
A report from Fierce Wireless said, “Wireless postpaid consumer customers will see an administrative charge increase of $1.35 per voice line to $3.30, effective with their June 2022 billing cycle. The administrative charge for data lines will remain unchanged.”
“The increase pertains to any device that can make a call, including tablets, smartwatches and laptops, but not hotspots, according to the Verizon spokesperson.”
Beginning June 16, 2022, Verizon Business will add the charge to newly activated and upgraded lines, existing lines that have completed a contract-based line term, and lines that have twelve (12) months or fewer remaining on a Device Payment Plan Agreement.
The amount of the charge is $2.20 per month/line for each smartphone and data device and $0.98 per month/line for each basic phone and tablet device. As lines meet these criteria, the charge will be automatically added to your bill. You can find the Economic Adjustment Charge in the Other Charges & Credits section of your bill.