Verizon wireless developed a new contract for their mobile phone customers. Customers are now able to get the newest phone whenever they want instead of waiting for their previous contract to run out. This is beneficial because now customers can get the whatever new phone comes out as soon as it comes out. It’s fairly simple, Verizon offers a payment plan for whichever phone you purchase. You pay for the entirety of the phone over a time of 24 months.