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It just goes to show you, the times are a-changing. Its Edge plans weren't as popular as other rival installment plans, and its base seemed pretty comfortable with their contracts. It's a bit surprising that Verizon was willing to go all-in on the no-contract plan considering it has the largest base of contract customers. Verizon had already offered a monthly installment program called Edge. The wireless industry has been steadily heading toward this goal ever since T-Mobile made its splashy announcement two years ago that it would get rid of phone subsidies and service contracts. Here are some answers to the most frequently asked questions about Verizon's new plans. That may leave some puzzled about how it affects them, which is where CNET comes in. Verizon, however, opted to rip the bandage off quickly and did away with them in one fell swoop. T-Mobile shed its contracts two years ago, while the other carriers have been gradually moving away. It's part of an ongoing shift in the industry in how consumers pay for their service, with more people actually opting to pay for their own smartphones because it can lead to lower monthly charges down the line if you stick with the same device after two years. Instead, it opted for new plans that are slightly cheaper (with some exceptions) but require you to pay for your own device. On Friday, Verizon said it would eliminate its long-standing practice of signing customers up for long-term service contracts and offering subsidies to blunt the high cost of smartphones. But that has also left a lot of questions.
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Verizon has made some big changes to how it sells wireless service. You would have to pay for the Droid Turbo yourself under the new plans.