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As of 2015, usually only prepaid mobile phones are sold with a SIM lock. Phones sold with a contract stipulating monthly payments are not typically locked (as the monthly payments are due no matter what network the phone is used on). Also, most providers will unlock the phone on demand.
SIM-only contracts can be pre-pay - where the subscriber buys credit before use (often called pay as you go, abbreviated to PAYG), or post-pay, where the subscriber pays in arrears, typically monthly. Within a SIM-only contract, the mobile network provider supplies their customer with just one piece of hardware, a SIM card, which includes an ...
The alternative billing method (and what is commonly referred to as a mobile contract) is the postpaid mobile phone, where a user enters into a long-term contract (lasting 12, 18, or 24 months) or short-term contract (also commonly referred to as a rolling contract or a 30-day contract) and billing arrangement with a mobile phone operator ...
This is the basis on which the service provider is able to trust the customer with paying their bill when it is due and to have legal recourse in case of non-payment; Service tenure. Most postpaid providers require customers to sign long term (1–3 year) contracts committing to use of the service.
Mobile virtual network operators (MVNOs) in the United States lease wireless telephone and data service from the four major cellular carriers in the country—AT&T Mobility, Boost Mobile, T-Mobile US, and Verizon—and offer various levels of free and/or paid talk, text and data services to their customers.
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Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...
To make this a biweekly payment, you’d simply cut the $2,095 monthly payment in half and pay that — $1,047.50 — every two weeks. At that rate, by the end of the year, you’d have paid ...