Let’s Swap Our Cell Contracts

Svetlana Gladkova,


  

On Friday a new social network was launched - and one of the most pragmatic and useful ones at that. CellSwapper enables its users to buy and sell their contracts with cell phone carriers. The thing is that if a subscriber is not satisfied with his wireless phone contract for any reason, he can only get out the contract early by paying an early termination fee. And the fee per a phone can be quite significant:

AT&T:

$175

Verizon:

$175

Sprint:

$150

Cingular:

$150 (or $240 for a NYC phone)

T-Mobile:

$200

Nextel:

$200

CellularOne:

$200

Centennial:

$250

Alltel:

$200

To avoid paying this termination fee you need to find a person to purchase your contract. Sure, sometimes you can find someone who right now wants to buy a contract like yours among your real-life acquaintances. But sure the chances are quite low. While if you go on-line looking for the right people the chances will definitely grow. And CellSwapper is here with this exact service for the US citizens.

The new website resembles Celltrade but provides a user with two payment options: either you pay $9.95 when you submit your contract for sale or you post your proposal for free but pay somewhat higher when you find a buyer for your contract - $14.95 (which is still less than $19.99 with Celltrade.

I believe that CellSwapper's popularity will gather momentum by June when geeks willing to buy the new iPhone will need to terminate their current cell phone contracts. At least, this will bring sellers to the website. But it is still vague if they manage to bring enough buyers here.