BOSTON (CBS) – Just days Verizon Wireless announced plans to institute a $2 fee for online or telephone single payments, the company has reversed its seemingly unpopular decision.

A letter on Verizon Wireless’ website says the company was responding to negative customer feedback about the plan.

“At Verizon, we take great care to listen to our customers. Based on their input, we believe the best path forward is to encourage customers to take advantage of the best and most efficient options, eliminating the need to institute the fee at this time,” said Dan Mead, president and chief executive officer of Verizon Wireless.

Verizon Wireless is among a handful of big companies to see backlash from customers over controversial fees.

Bank of America bailed out on a plan to charge a $5 debit card fee after it faced fierce resistance.

Netflix lost nearly a million subscribers in three months and saw its stock plummet by 75% after announcing an unpopular price increase back in July.

Comments (7)
  1. donny says:

    Goodbye Verizon.

    You are one of the many corporate “citizens” who simply do not care one iota about your customers who are presently struggling mightily through this recession/depression.

    To those who read this comment and are not struggling – good for you! Pay Verizon (et al) whatever they demand. I will no longer give my business to any careless corporation who expect and demand more and more and more from loyal customers who have less and less and less.

    Happy New Year.

  2. StephanieG says:

    Don’t you think that Verizon will just find another way to get that $ from its customers? I don’t know what brain trust decided to impose these fees at Verizon and Bank of America. Sadly, though, they will find other ways to get that $ that will cause less of a public reaction.

    At least there is competition in the wireless and bank arenas. We are stranded with Comcast with no alternatives for internet providers due to poor Verizon telephone infrastructure on our street and no FIOS (a perfect example of too much $ invested in advertising and not enough spent on infrastructure). Comcast can keep increasing their fees or charging ludicrous rental fees for modems, etc. Hopefully, with technology growing by leaps and bounds, there will be an alternative sooner rather than later.

    So, we, as consumers, need to keep watching and be ready to switch to keep our service providers on their toes. Corporations are training us right out of any kind of loyalty.

  3. Allym says:

    I wouldn’t imagine a Company that treats it’s employees so badly would be any better to it’s customers. @Stephanie I completely agree Comcast is horrendous if there was an viable alternative I’d take it in a hearbeat.

    Corp. spend way too much time, money and resoures attracting customers and not enough retaining them.

  4. Modem gateway router says:

    Another are usually community forums where you can talk with people who have actual exposure to the particular cable tv cable box. Significantly improved cable tv modems are not a unknown, with any luck, an individual …modems

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s