Verizon to let SMBs buy smartphones on the installment plan

Verizon announced Thursday that small business customers can now take advantage of monthly payment plans for new smartphones and other devices, avoiding a big cash outlay upfront.

The new installment plans for businesses are interest-free, spread over 24 months and mimic what Verizon already offers to consumers, Verizon said in a statement.

Monthly payments for smartphones have been adopted by many carriers partly as a way to ease the cost of upgrades borne by buyers as carriers and smartphone makers see smartphone sales flatten.

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