Verizon's monthly installment payment program lets you pay for mobile devices (e.g., smartphones, basic phones, tablets, smartwatches) over a specified time with 0% APR and no finance charges or customer agreements.
The device payment program:
- Requires that you enter an agreement to pay for the device in monthly payments until the device is paid off.
- You can pay the installments over the full period of the term or pay off the device's total price any time.*
- An upgrade fee applies.
*If it's still within the device's 30-day return and exchange period then you can only pay off the device in a Verizon retail store. When you pay off your device agreement, any monthly promotional credits you're getting for that device will stop.