The Increase is Larger Than Indicated in This Article
Reader comment on: Verizon Economic Adjustment Charge
Submitted by Mark Newman (United States), Jul 28, 2022 17:37
I just checked my Verizon Wireless bill (as distinguished from my Verizon FIOS bill). I do not and never had an "Economic Adjustment Charge." However, I did used to have until June 23, 2022 an "Administrative Charge." As of 06/23/2022, Verizon Wireless decided to change the name to Administrative and Telco Recovery Charge. Voice-capable devices will have the charge under this category go from $1.95 to $3.30 per line. The charge for data-only devices will remain at $0.06. There is no explanation for the increase in the charge. The explanation for the charge is that it, "will help defray and recover certain direct and indirect costs we or our agents incur, including: (a) costs of complying with regulatory and industry obligations and programs, such as E911, wireless local number portability and wireless tower mandate costs; (b) property taxes; and (c) costs associated with our network, including facilities (e.g., leases), operations, maintenance and protection, and costs paid to other companies for network services. Please note that these surcharges are Verizon Wireless charges, not taxes or government imposed fees. These charges, and what's included, are subject to change from time to time." In other words, these charges are Verizon Wireless' cost of doing business and they are raising them under the deceitful and deceptive "Administrative and Telco Recovery Charge" which no one will notice instead of simply raising the basic monthly price which everyone will notice. How this method of pricing to the public is legal is beyond me. Yes, it is buried in small print in the bill so it is there for anyone to read but it is clearly meant not to be noticed. This is business at some of its worst!
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|⇒ The Increase is Larger Than Indicated in This Article [282 words]||Mark Newman||Jul 28, 2022 17:37|
|Regulatory Body [16 words]||David Weinkrantz||Jul 28, 2022 17:36|
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