According to a new study from Nerdwallet, U.S.-based telecos are still making bank on smartphone overage fees.
Over the past few years, data plans have undoubtedly become more user-friendly with respect to the amount of data offered.
However, because we use our smartphones for more data-intensive activities than ever before — such as streaming Netflix for hours on end — many users are still finding themselves penalized for going over.
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While some carriers like Sprint lure customers in with unlimited data, Nerdwallet found that other telecos, specifically Verizon and AT, are still using overage charges to pad their respective bank accounts.
Specifically, Nerdwallett reports that Verizon and AT, in 2016 alone, have already generated upwards of $600 million in revenue on overage charges alone.