Verizon debuts 5GB and 10GB prepaid data plans

The Verizon page doesn't show a 10 GB option

https://www.verizonwireless.com/prepaid/

I thought monthly billing was called "post paid" 

dougd said:

The Verizon page doesn't show a 10 GB option

https://www.verizonwireless.com/prepaid/

Go to Data Device Plan.

jd_in_sb said:

I thought monthly billing was called "post paid" 

Not necessarily. It depends on the terms of the agreement. For some things, you are paying ahead for services to be used. For other things, you are paying after the fact, for services used.

For example, you pay for health, auto or fire insurance ahead. But for medical charges, you pay after the fact, for services/products used. There are other examples. Bring your  wash to a laundromat and you prepay (stick quarters in a machine). Drop off your shirts at a dry cleaner: you pay when you pick up the cleaned items. Buying a candy bar from a vending machine: prepay. Have a meal at a nice sit-down restaurant: post-paid.

Most Americans sign cellular contracts stating that they will pay for services rendered. That means if you don't pay your bill, they can send your account to collections, because you didn't pay for what you used.

For prepaid cellular customers, you are paying in advance for what you are going to use. No payment  = no service are the terms of the agreement. So what are some of the benefits of prepaid cellular service? No contract, no early termination fees, no credit check. I have great credit myself, but I have no interest in signing a long-term contract with a cellular provider. If I walk away from my current cellular provider, I don't get any refund for a partially used service period.

The fact that it's a recurring monthly payment is irrelevant to the definition of prepaid or postpaid. For this specific promotion, Veritzon requires automatic payment, but that's not a big deal for many. People still need cellular service, we're going to pay anyhow (disclaimer: I am not a Verizon customer).

Thanks for the explanation!