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Personal Consumer Issues • What's the definition of a "prepaid" phone plan?

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I'm researching about prepaid phone plans to try to save some money. Prepaid used to mean you paid money up front to put minutes on the phone and when the minutes ran out your phone died. It doesn't seem to have the same meaning nowadays because when I look at prepaid phone plans I see terminology like "unlimited talk and text." I'm confused. I'm on the Verizon network which costs me over $100/month for one phone to explain my motivation for researching different business models. I did see other threads in this forum about recommendations for prepaid plans, but I didn't see an explanation for the aspect that is confusing me outlined above.

Statistics: Posted by catchinup — Wed Jul 03, 2024 9:23 pm — Replies 5 — Views 266



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