Prepaid plans do not require a long-term contract and customers can cancel anytime without a penalty. Depending on the phone, and how much its purchase price is subsidized by the carrier, customers often have to sign two-year service plans in order to get the discounted price for a phone. The smartphones covered under the Verizon plan announced Thursday include models of Research In Motion's BlackBerry and Motorola and HTC Droids. Among the multimedia phones are the LG Chocolate and Samsung Alias.
"Our prepaid customers will now have the freedom to enjoy all of the capabilities that these phones have to offer, while controlling costs and without being tied to a contract," Jim Sullivan, director of marketing for Verizon, said in a statement.
The full list of Eligible smartphones includes select models of the BlackBerry Curve, Storm, Storm2, Tour and Bold; the Palm Pre Plus and Pixi Plus; the Motorola Droid, Droid X, Droid 2 and Devour; the HTC Droid Eris and Incredible; and the LG Ally. Qualifying multimedia phones include the LG enV Touch, enV3, Chocolate Touch and VX8360; the Samsung Alias 2 and Renown; the Nokia Twist and the Casio Exilim.
Verizon Wireless' largest competitor in the U.S. mobile phone market is AT&T, which offers prepaid plans for unlimted talk and text on some phones.