Breaking Down Verizon Business Internet: Which Option Works Best for You?

With the increasing importance of establishing an online presence, having fast and reliable internet has become crucial for businesses to remain competitive. In fact, according to a recent survey by ooma.com, almost 95% of businesses require speeds higher than 25 Mbps, with 85% believing 50 Mbps or higher would be the best fit for their primary location. However, more than 2 million U.S. business locations still subscribe to broadband services that deliver downstream internet speeds less than 50 Mbps.

The effects of substandard internet on businesses can be staggering. If productivity drops by just 5%, U.S. small businesses would incur productivity costs exceeding $80 billion. Shockingly, 70% of these SMBs that use DSL as their primary form of internet connectivity do not have services exceeding 50 Mbps.

Given the significant impact that slow internet can have on a business's productivity and growth potential, it's critical to choose a reliable and fast internet service provider that meets your business's unique needs.

In this article, we will focus on Verizon's Business Internet plans, which have been designed to cater to the specific requirements of businesses of all sizes. By providing comprehensive information on Verizon's plans, pricing, contracts, and data cap policies, we aim to help businesses determine if Verizon's Business Internet is the right solution for their particular needs. 

What is Verizon Business Internet?

Verizon Business Internet is a high-speed internet service designed specifically to meet the demands of businesses that need to transfer large files, host e-commerce websites, utilize cloud-based applications, support multiple users, and engage in video conferencing, among other data-intensive operations.

With its extensive coverage across many locations throughout the United States, Verizon Business Internet ensures accessible services with plenty of operational redundancy. In addition, the company offers a range of internet plans to accommodate small and medium-sized businesses, as well as large enterprises.

Available Plans and Pricing

Recognizing that businesses have unique internet requirements that vary based on factors such as size, industry, and operations, Verizon Business Internet created different options to cater to these diverse needs-offering three different internet options, each with its own set of speeds and plans to choose from. This allows businesses to select a customized plan that meets their specific needs, resulting in increased operational efficiency and competitiveness.

Verizon 5G Business Internet 

Verizon 5G Business Internet offers ultra-fast internet speeds and low latency, making it ideal for businesses that require high-bandwidth applications, such as video conferencing and data-heavy cloud computing. Verizon 5G Business Internet is available in 38 states covered by Verizon 5G networks.

Packages Offered

Verizon 5G Business Internet 100

• Speed: 100Mbps
• Price: $69 per month

Verizon 5G Business Internet 200

• Speed: 200Mbps
• Price: $99 per month

Verizon 5G Business Internet 400

• Speed: 400Mbps
• Price: $199 per month

All three Verizon 5G Business Internet plans provide fast and reliable speeds. Each one comes with an ultra-simple connection process, businesses can choose either professional installation or easy self-setup options to get started.

For those who want to lock in prices for the long term, select customers can take advantage of the 10-year price guarantee without signing a long-term contract. Meanwhile, all plans come with a 30-day satisfaction guarantee that allows businesses to cancel within 30 days of installation and receive a full refund.

It is important to note that the 5G Business Internet service requires equipment. Verizon offers professional installation, a plug-and-play (self-setup) option, or customers may bring their own 5G compatible device, all of which are dependent on availability in select markets and speed tiers. All installation options through Verizon will be simple, and the company will keep businesses informed throughout the process.

Cost Saving Options

Bundling with Smartphone Plans

When businesses bundle Verizon's 5G Business Internet with a Business Unlimited smartphone plan, they can save up to $80 per month. To take advantage of this offer, businesses must sign up for a qualifying 5G Business Internet plan and a qualifying Business Unlimited plan. 

Eligible smartphones must be purchased via device payment or brought your own. Existing customers are eligible with qualifying upgrades. The $80 per month discount is available for 5G Business Internet (400 Mbps) and Business Unlimited Pro plan (at least 1 line is required), while all other combinations of service plans are eligible for a $40 per month discount. 

Online Only Offers

New customers who sign up for 200Mbps or 400Mbps speed tiers of 5G Business Internet online can receive a one-time discount of $99 or $199, respectively. This offer is available online only and will be fulfilled as a bill credit to the Verizon account within 1-2 billing cycles. Businesses should note that this offer may not be combined with all offers and is available for a limited time only.

Contract Buyout

Businesses that switch to Verizon's 5G Business Internet can receive up to a $1,500 credit to help cover early termination fees (ETF) from their current provider. To redeem this offer, businesses must email documentation of the ETF from their prior service provider within 30 days of receiving the final bill. The offer is fulfilled via a bill credit to the Verizon account in the amount of the billed ETF up to $1,500. 

The credit will be issued after 60 days of service and will appear on the Verizon bill within 1-2 billing cycles thereafter. Businesses should note that they remain solely responsible for paying the ETF to their prior service provider. Additionally, this offer may not be combined with all offers and is available for a limited time only.

Verizon Fios Business Internet

Verizon Fios Business Internet is a fiber-optic internet service ideal for businesses that require a stable and dependable internet connection, such as those in the finance, healthcare, and legal industries. Verizon Fios Business Internet is available in 10 states.

Packages Offered

Verizon Fios Business Internet 50/50

• Speed: 50Mbps
• Price: $44 per month
• 1-year price guarantee

Verizon Fios Business Internet 200/200

• Speed: 200Mbps
• Price: $69 per month
• 1-year price guarantee

Verizon Fios Business Internet 500/500

• Speed: 500Mbps
• Price: $99 per month
• 2-year price guarantee

Verizon Fios Business Internet 940/880

• Speed: 940Mbps
• Price: $199 per month
• 3-year price guarantee

With Fios Business Internet, you can enjoy symmetrical speeds, which are perfect for supporting local apps, email, high-volume streaming, secure and reliable data transfers, and online backups, which are critical for businesses that rely heavily on online communications.

One of the best features of Fios Business Internet is the unlimited data that comes with it. Businesses no longer have to worry about reaching their monthly data allowance and incurring additional charges for going over. This is ideal for companies that rely heavily on cloud computing, online backups, and other data-intensive applications.

To further support businesses, Verizon Fios Business Internet offers a 30-day money-back guarantee on a 2-year term. This guarantee provides businesses with the peace of mind that they can try out the service and receive a refund if they are not satisfied within the first 30 days of their contract.

Optional Bundles

Fios + Business Unlimited Pro

For businesses that require both a reliable internet connection and wireless plan, Verizon offers an optional bundle that includes Fios Gigabit Connection with Business Unlimited Pro. With this bundle, businesses can get the best of both worlds at a discounted price, with $80 off the regular monthly cost.

Fios + Business Digital Voice

Verizon offers a VoIP Business Digital Voice service with over 45 calling features to enable remote work and optimal call routing. It's a professional communications solution that works over a secure cloud-based VoIP connection. 

With Business Digital Voice, businesses can enjoy features like announcements on hold, auto attendant, call park/retrieve, hunt group, and more. The service also offers mobile and desktop apps with video and audio conferencing, and a 30-day money-back guarantee.

Cost Saving Options

Contract Buyout

Verizon offers a contract buyout option for new Fios Business Internet customers to help cover early termination fees from their current provider. To redeem the offer, customers must email documentation of the early termination fee from their prior service provider within 30 days of receipt of the final bill. The offer is fulfilled via a bill credit to the customer's Verizon account, up to a maximum of $1,500. 

Free Visa Prepaid Cards

For businesses considering the 500 or 940 Fios Business Internet plans, switching has its perks. With the 500 plan, businesses can get a $300 Visa Prepaid card when they switch. Meanwhile, those who choose the 940 plan can receive a $500 Visa Prepaid card. 

To qualify for this promotion, businesses must be new Fios Business Internet customers and activate their service within the specified time frame. The Visa Prepaid card will be sent to the customer's billing address after they have met all the requirements.

Free Verizon Cloud Storage

For select Fios Business Internet plans, Verizon is offering 2TB of Verizon Cloud for free for the first 3 months. This option is available for the 500 and 940 plans. The Verizon Cloud allows businesses to store, access, and share files across multiple devices, and it can be a valuable tool for businesses that need to access their files remotely. After the initial 3-month period, businesses can choose to continue using Verizon Cloud for an additional cost, or they can opt out and find another cloud storage solution.

Price Guarantees

Verizon Fios Business Internet plans offer a price-guarantee duration based on the chosen plan, ranging from 1 to 3 years. This means that the monthly rate for the chosen plan will remain fixed for the duration of the guarantee period, regardless of any price changes that may occur during that time. This provides businesses with predictability and stability in their monthly expenses for internet services.

It's important to note that the price guarantee applies to the internet service only, and not to any additional services or equipment that may be purchased. After the guarantee period ends, the price may be subject to change, but customers will be notified in advance of any price changes.

Verizon LTE Business Internet

The Verizon LTE Business Internet is a wireless service that is designed to provide businesses with flexibility and mobility, which is perfect for those who need internet access in remote locations where a wired internet service may not be available or feasible. This is available across 50 states covered by Verizon 4G LTE networks.

Packages Offered

LTE Business Internet 10

• Speed: 10Mbps
• Price: $69 per month
• 1-year price guarantee
• 25GB premium network access

LTE Business Internet 25

• Speed: 25Mbps
• Price: $99 per month
• 2-year price guarantee
• 50GB premium network access

LTE Business Internet 50

• Speed: 50Mbps
• Price: $199 per month
• 3-year price guarantee
• 150GB premium network access

All three packages come with a monthly data allowance of 300GB. Additionally, customers can enjoy the added benefit of premium network access, which is a special high-speed data allowance that is prioritized above other data on the network, allowing for faster data transfer rates. This feature can come in handy when businesses require additional bandwidth for critical applications or during periods of high usage.

Verizon LTE Business Internet plans also offer the convenience of contract buyout and price guarantee options to help customers save on costs. With the contract buyout option, customers can switch to Verizon LTE Business Internet plans and have their early termination fees reimbursed, provided they have a qualifying plan from their previous provider. Moreover, customers can enjoy no annual service contracts, no early termination fees, and price guarantees that vary depending on the chosen plan, with guarantees ranging from 1 year to 3 years. 

Cost Saving Options

30-Day Satisfaction Guarantee

Verizon offers a 30-day satisfaction guarantee for new and existing LTE Business Internet customers. If the service is cancelled within 30 days of activation, a refund for service usage will be issued, excluding fees and charges. The guarantee does not apply to service or plan changes. Routers can also be returned within 30 days subject to Verizon's Return Policy, with those purchased from Verizon eligible for return and exchange within the same period.

Discounts on Bundling with Business Unlimited Phone Plans

For the LTE Business Internet 10 and 25 plans, customers can save $40 per month by signing up for both services, while for the LTE Business Internet 50 plan, customers can save $80 per month when paired with a Business Unlimited Pro smartphone plan. 

This offer is available to new and existing business customers who sign up for both a qualifying LTE Business Internet plan and a qualifying Business Unlimited plan, with an eligible smartphone required (device payment purchase or bring your own). Existing customers are eligible with a qualifying upgrade. 

Factors to Consider When Choosing Which Plan is Best for You

Number of Users and Bandwidth Requirements

To select an internet plan with the appropriate bandwidth, it is essential for businesses to determine the number of employees who will be using the internet. This is because the speed and performance of the internet connection can be impacted by the number of devices and users. As the number of users and devices increase, so do the internet requirements. 

For instance, a business with 1-2 users/devices that only require online browsing, email, and research would need a minimum speed of 5 Mbps. On the other hand, a business with 30 or more users/devices that require extreme speed operations with zero interruptions would need a speed of 1,000 Mbps or 1 Gbps.

Nature of Business

When selecting the appropriate internet plan for your business, it is important to take into account the unique nature of your operations. This involves assessing the size and structure of your organization, as well as identifying the online activities that your employees perform regularly.

If your business requires an ultra-fast and reliable fiber-optic network, Fios Business Internet is an excellent option for you. With high speeds and 99.99% reliability, you can work efficiently with high bandwidth. Plus, professional onsite installation and 24/7 business-class support are included for your convenience.

For businesses looking for a fast and guaranteed connection, 5G Business Internet is the right choice. With unlimited data and fast download speeds, you can work efficiently and keep work flowing with low latency. 

For businesses that require wireless connectivity and flexibility, LTE Business Internet is a great option. It is easy to set up and perfect for businesses on the move, such as food trucks, construction sites, and pop-up stores. It also offers resilience and the ability to segment critical data.

Business Location

The location of a business greatly affects its internet connection, as some areas may have better internet infrastructure and coverage than others. This is because internet service providers may not have invested in building the necessary infrastructure in rural areas. In some cases, you may be left with few options that may bring up the need to prioritize the reliability of the connection over the speed, while in other cases, speed may be a crucial factor.

Fine Prints: Contracts and Data Caps

While Verizon's plans offer great flexibility, each plan may have distinct limitations. To help you make an informed decision, allocate the necessary time to meticulously review the policies that apply to each plan, taking into account all variables thereby avoiding incurring extra charges.

Discounts Locked Behind Contracts

Verizon offers no annual contracts and early termination fees for their internet packages. However, in order to take advantage of lower monthly costs and other promos, signing a contract with them for usually 2 years is required. While this offers flexibility for businesses to choose how long they want to stay with Verizon, it also means that some discounts and benefits are locked behind contracts.

It is important to note that there are also early termination fees for a 2-year contract, which is 35% of base monthly charges for unexpired terms. Additionally, the 2-year term automatically renews at then-current term rates unless canceled within 30 days prior to or 60 days after the term is renewed. 

LTE Business Data Caps

Verizon is known for its generous data policies, which offer no data caps or overage fees for its business plans except for its LTE Business plans. These plans have specific data allowances and Premium Network Access based on the chosen plan. However, it is important to note that once a business exceeds their data allowance, blocks of 5GB will be automatically added to their account for an additional charge of $10 per block, plus taxes.

The Bottom Line: Is Verizon Business Internet Right For You?

Verizon offers dynamic business internet options for businesses of all sizes, providing reliable connectivity through its different plans. With Fios Business Internet, 5G Business Internet, and LTE Business Internet plans, businesses can choose the right package that suits their specific needs.

For businesses that require a stable and dependable internet connection, Verizon's Fios Business Internet is the optimal choice, offering an unmatched reliability rating of 99.99%. This makes it a great option for companies that depend heavily on online communications, such as video conferencing and cloud computing. Alternatively, businesses that place greater importance on flexibility and mobility will find either Verizon's 5G or LTE Business Internet plans a cost-effective solution, allowing employees to access reliable internet on the go or in remote locations

In addition, Verizon provides businesses with 24/7 support, a 30-day satisfaction guarantee, and options for contract buyout and price guarantee. Nevertheless, it's important to take into account the data caps and early termination fees that may be associated with certain plans before deciding on the best fit for your business.

When choosing a business internet provider, it's essential to take into account all the factors we've discussed. Take the time to research and compare different plans and pricing options to find the right fit for your business. To get started, check out broadbandsearch.net's free lookup tool to explore available options in your location.