Prepaid cellular phone - prepaid system services is all set to serve a new customer segment with its breakthrough cost saving for pay as you go customers and proven results repeat business for retailers.
Unlike the contract plan, the pay as you go plans or pre-paid plans, require no contracts, no credit card requirements and no monthly fees. This plan is popular among adults who use their cell phones minimally and for teenagers who are not financially savvy. One potential drawback with the pay as you go plans is that the minutes might be more expensive than in the contract plans.
Though the pay as you go cell phone plan has been the norm in the UK, it started gaining patronage in the U.S. only since the start of recession.
Virgin Mobile, Verizon Wireless, AT&T and T-Mobile are some of the cell phone service providers in the U.S. offering the 'pay as you go' plan.
Earlier in the week, Virgin Mobile introduced a new, $40 monthly plan for its prepaid service that provides unlimited 3G data usage, replacing its previous plans: $20 per month for 300MB; $40 per month for 1GB; or $60 per month for 5GB.
Consumers planning to switch to no contract cell phone plans will have one more option to choose from, also Verizon Wireless is opening up access to smart phones for customers who prepay for service, which includes people with poor credit and those who don't want to be tied down by long-term contracts.
Prepaid service has long been the domain of low-end phones.
Verizon Wireless, the country's largest cellular carrier, says it started to sell smart phones for prepaid service in its stores on Thursday. It will start selling them online on Sept. 28.
The pie is big enough for every retailer, Retailers can have repeat traffic in many ways in the prepaid business. Prepaid Cellular and Walk-in Bill Payments is gaining momentum, there is a huge demand for prepaid, people are demanding these services.
The all you can eat unlimited cellular prepaid carriers are seeing more people go to prepaid than ever before and prepaid cellular is going to continue to grow. IT HAS MORE POTENTIAL THAN CONTRACT PHONES.
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