If you are a Verizon Wireless customer you may have noticed that Verizon has found yet another way to charge customers while appearing to stay competitive with others in the space. But if you look closer at surcharges you will see at $2.98 charge on your bill.
Economic Adjustment Charge
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.
Just as you are seeing in your business, Verizon Business is seeing
a wide range of increases in its costs to provide service. As these
challenges have continued to mount, we have made the decision to
add an Economic Adjustment Charge.
On June 16, 2022, Verizon Business began adding 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 $2.98 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.
Thank you for trusting in us and choosing Verizon Business as your
partner. We remain committed to delivering outstanding network
performance, service excellence and value for your business.