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Verizon Willing to Pay You to Get Smart

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    NEWSLETTERS

    Bloomberg via Getty Images
    Verizon Wireless employees prepare for customers at a Verizon store in San Francisco, California, U.S., on Thursday, Feb. 10, 2011. Verizon Wireless, the wireless carrier whose stores began offering the iPhone today, may sell 2 million or more of the devices this quarter and draw subscribers from AT&T Inc., analysts said. Photographer: Ryan Anson/Bloomberg via Getty Images

    Sick of AT&t's poor reputation? Well Verizon wants to pay you to do something about it.

    AT&T's only iPhone competitor is trying to encourage basic phone users to upgrade to smartphones by paying them $100.

    Verizon will reportedly launch a new promotion aimed at getting basic phone users into the modern age by paying for a data plan.

    Users eligible for a two-year upgrade would be able to sign a contract with Verizon and opt in to use a smartphone with an eligible data plan.

    In turn Verizon will give users a pin code to a website that will show them how to turn their old phone into $100 gift card.