Flex pay allowscertain customers with little or no credit as well as potential customers with not so perfect credit to get service without have to put down a large deposit. It does two things.
1> it removes the idea of having to put down a deposit
2> allows customers to not have to worry about overages, their bill never changes, it stays the same every month.
You have two options you can do flex pay monthly contract, or flex pay annual contract. On a monthly contract you pay month to month for your service and you pay it a month in advance. at the time of activation you pay FULL cost for your device, and you first months service. there is no contracs involved and there is no early termination fee. You re also limited to the plans that you can get on. You can get on two different myfaves plans or three different non myfaves plan.s You can have a total of three lines on the month to month account. The craziest part is if you are getting low on your minutes you'll get a warning message saying that you have 25 minutes left. If you run out of mintes you can still use your phones if you have free nights free weekends or myfaves. You can purchase prepaid refill cards to give you additional minutes if you need it, and they don't expire at the end of that current billing cycle if you don't use them all.
The second contract is flex pay annual contract. it'll be a two year contract and the phones are discounted, there is n etf, because you are agreeig to a contract, and everything else service wise follws the monthly service.
If you want to transfer over to a flex pay you have to pay the etf because you are going from a contract to a no contract, so you are breaking the contract. it's a great plan if you have less than perfect credit or just starting out. I hope this answers some questions that you may have about flexpay, if you have any more let me know