to
 
to
 
to
SpeedMonths RemainingIncentiveCarrierPrice ($)
200/MbsOut of date$10002brighthouse$977.78Choose
5435/MbsOut of date$10002brighthouse$977.78Choose
4324/MbsOut of date$10002brighthouse$977.78Choose
123/MbsOut of date$10002brighthouse$977.78Choose
20/MbsOut of date$10002brighthouse$977.78Choose
3321/MbsOut of date$10002brighthouse$977.78Choose
2321/MbsOut of date$10002brighthouse$977.78Choose
111/MbsOut of date$10002brighthouse$977.78Choose
8888/MbsOut of date$10002brighthouse$977.78Choose
20/MbsOut of date$10002brighthouse$977.78Choose

Frequently Asked Questions

How to list my telecommunications contract with Telcoswap

Listing your telecommunications contract on Telcoswap.com is simple; all you need to do is click on Post A Telecommunications contract on the top menu from any page on the site. From there you will be led through a simple three-step listing process where your telecommunications contract information, basic contract information, and your contact information are provided. At the end of the 3 step listing process, then you can select from one of 3 simple listing options. Once the credit card is entered and verified, you will be able to add additional information about your telecommunications contract. For example accessories, features, and have the ability to upload actual photos of the telecommunications contract.

If you have any questions or complications during the listing process, please contact us for assistance. Telcoswap will actively advertise your telecommunications contract in places where people looking to contract or buy telecommunications contracts regularly check. For example Google, Yahoo, MSN, BING, and Telcoswap.com

Before listing your telecommunications contract, you will be required to have the following:

1. Information about the telecommunications contract which include contract length, expiration date, speed of Internet, # of phone lines (if applicable), type of connection

2. Details on the contract which include monthly payment, contract end date, carrier (telecommunications contract and monthly statements are good sources for these details).

3. Contact information Buyers will need to communicate with you which include your name, phone number, and email address.

Tip:
Remember to think like a buyer when posting your telecommunications contract. Buyers are only interested in taking over a contract on a telecommunications contract that fits their needs. Analyze your current contract and emphasize the benefits of your deal to others. For example, if you have a low monthly payment, special features, high speed or low months remaining on the contract deal, make sure you highlight those points to get the buyers attention.

Communicating with the Buyer:
When a potential buyer contacts you, be sure to respond in a timely manner. There are lots of great deals on Telcoswap.com, and if you are slow to respond, you run the risk of a buyer finding a telecommunications contract from a different seller. Once the transfer process is initiated, a Telcoswap transfer specialist will be assigned to you. The specialist will be available to assist you throughout the process.

How to find my listing

There are various, simple ways for a Seller to find their telecommunications contract listing. You may search for your telecommunications contract by clicking on Search Listings on the top menu from any page on the site and fill out some information about your telecommunications contract. Another option is to go on your Seller Central and click on the View My Ad link to go directly to your ad. To go to your Seller Central, Sign-In with your email address and password you chose when creating your account.

How to change information on my telecommunications contract listing or account

You can edit your listing or update your contact information when you Sign-In with the username and password chosen when creating your account. Once on My Telcoswap go to Seller Central and click on the Edit Telecommunications contract tab. Simply change any details and press on the submit button at the bottom of the page. The process follows the same steps you followed when you first entered your information.

To update your contact information, go to the Profile section in My Telcoswap and make any changes required and click on save. Remember always to press on the save button below so that the changes are saved.

What does offering an incentive mean?

If your contract payment is too high, there’s a good chance that after seeing your payment information, a potential buyer will overlook you ad. This is where you would offer an incentive so that your telecommunications contract payments are competitive with other telecommunications contracts in the market. If you are paying $700.00/month for an entry level cable modem, everyone knows that you’re paying way too much. To make your ad more appealing, you can offer your telecommunications contract for a more attractive contract payment by offering an incentive to your buyer. Let’s say you have 10 contract payments remaining on your contract contract at $700.00/month, and you offer $3500.00, your Telcoswap ad will then show your telecommunications contract advertised contract payment as $350.00 with an incentive of $3500.00. Who can resist that!?

How to extend my telecommunications contract listing

Depending on the listing package you purchased, it will either automatically renew at no charge or at the renewal fee stated on your chosen package.

How to cancel my telecommunications contract listing

To deactivate, cancel or remove your listing, Contact us.
Please reference your name and telecommunications contract ID when emailing.

How to contact a Telcoswap Representative

Customer service is our main priority at Telcoswap. You can contact us by phone or email with questions, concerns and/or feedback. Please see the Contact Us page for a complete listing of phone numbers and email addresses.

What is the most effective way to place an ad?

It is very easy to place an ad on Telcoswap. The more accurate and complete your listing is, the higher the likelihood that the buyers contacting you will be serious about taking over your telecommunications contract.

  • Have your contract and monthly statement handy when listing your telecommunications contract. Those documents contain important dates and details that will make the listing process easier.
  • Include the contract-end date in your listing. (if you are unsure about the date your contract expires, your contract or telecommunications provider can provide this information)
  • Compare your contract deal with others on the site; make sure your ad is competitive with others.
  • Make sure you have all the information handy when you first list your ad. If you do not, be sure to update your listing with the missing information.
  • Check for information on your Telecommunications Company's particular policies by contacting your carrier. Some telecommunications companies do not support contract transfers and some allow a transfer but continue to hold the original contract holder liable for future payments. Familiarizing yourself with any restrictions, fees or policies (such as geographic restrictions) can save you time by not pursuing a buyer who cannot qualify for your contract. If you have any questions, Telcoswap would be happy to answer them.

As always, if you have difficulties or questions at any time during the listing process, please Contact Us and we will be very happy to assist!

Keep Your ad current and information up to date

Keep your listing current by using your Seller Central to update pricing and your contract information.

Make your telecommunications contract stand out

Your telecommunications contract is one of several choices a prospective buyer may have for their next telecommunications contract. Make your telecommunications contract as attractive as possible. A great appearance helps sell your telecommunications contract.

Increase your ad's exposure

Explore the many listing exposure options that can help your ad stand out from the crowd. Visit Telcoswap's Marketing Tools to see what you can do differently for your ad to be seen as much as possible.  We have a programs that are successful in getting contracts transferred quick!! To take a look at these amazing marketing options.

Use the Comments Section Wisely

Be clear and descriptive. Your comments should include anything that was not included in the questionnaire you filled out when posting your ad. If your telecommunications contract has any special features, this is where you should include that information. Buyers interested in taking over a contract with special features will be attracted to your telecommunications contract.
Think as a buyer. Include information about your telecommunications contract that attracted you as a buyer.

Contacting buyers

In order to contact a seller and take over a contract, buyers must prove to Telcoswap that they PASS the minimum credit requirements. It is extremely important to PASS the credit verification process. If a buyer does not have the minimum credit requirements that it takes to contract a telecommunications contract, and begins communicating with a seller, at the end of the day when their telecommunications company does not give them a PASS, then they simply wasted their time, as well as the seller’s.

Registered and Potential Buyers
These buyers have registered with Telcoswap and have not yet joined one of Telcoswap's buyer subscription programs. 

Active/Subscribed Buyers
These are buyers that joined one of Telcoswap's buyer subscription programs. Subscribed Buyers will use the Telcoswap internal e-mailing system to contact sellers for early stage questions about the telecommunications contract. For example: Is this a fiber-based telecommunications contract? Has the telecommunications provider ever had an outage? Sellers will be able to answer directly via message center.

Buyers that PASS the minimum credit requirements gain access to the sellers name and phone number.

Below are 4 different possible subscribed buyer statuses:

Not Yet Verified: Buyer has not yet submitted his application to Telcoswap for verification of credit. Please request buyer to prove that he has the ability to take over a contract, not all will qualify.

Save time, energy, aggravation and money and only deal with Credit Verified buyers.

Under-Review: Buyers credit verification is under review, status will update within 24 business hrs.

PASS: Buyer passed the minimum credit requirements established by Telcoswap.com
Independent from Telcoswap’s and approval; Telecommunications provider must approve buyer as part of their contract transfer process.

FAIL: Buyer failed to meet the minimum credit requirements established to take over a contract.
Some contracts are not for everyone, not all will qualify. 

Possible causes and solutions:

  1. Lack of credit history. 
    Solution: Re-applying with strong co-signer/guarantor
  2. Derogatory credit on being reported on credit report. 
    Solution: Resolving credit issues with credit reporting agencies directly. 
  3. Balances to credit limits too high.
    Solution: Pay down on Balances (it could take up to 60 days to update). 
  4. A Combination of the above causes.

Contacting buyers

Respond quickly to all inquiries
Immediate responses to all questions greatly increase your chances for success. Check your e-mail on a daily basis for messages from interested buyers. Please be courteous in your responses.

Showing your telecommunications contract

Once you've been contacted by a registered or credit verified buyer, the following are tips to help transfer your telecommunications contract successfully.

  • Telecommunications contract features
    Just as with any product, special features will give a great first impression. Your ad should list all special features with your service.
  • The signed contract
    Have copies of your contract agreement and service records available for buyer inspection.
    This helps keep the buyers mind at ease knowing that the paperwork is in order.
    Remember, most carriers can provide your records at no cost.
  • Long Distance Transactions
    Moving services to a new address is common and available. Contact us if you need help finding a service for your address.

Can I back-out once I advertised my telecommunications contract?

You can do as you please until the contract transfer documentation provided by the finance company is signed.
Note: Transfer fees as well as Telcoswap fees are non-refundable.

How long does the contract transfer process take?

Once you've been contacted by a buyer, the contract transfer process can take up to 4 weeks.

What are the costs to get out of your telecommunications contract contract?

Telcoswap fees are simple and very affordable. There is an upfront advertising cost when you list your telecommunications contract of about $300 and a commission of $300 when the contract is transferred. A $100 instant commission rebate is available to those who pay the commission when the transfer process begins. 

Note: In addition to Telcoswap fees, you may have the following expenses:

  • Telecommunications Company fee: Some telecommunications companies charge the buyer (not you) a fee $0+ to process the telecommunications contract transfer paperwork. This fee varies and is payable directly to the carrier (e.g. AT&T).
  • Refund Policies:
    All of the memberships, credit verifications, transfer initiations, and all other fees collected by Telcoswap are NON-REFUNDABLE.

What if the interested person is in a different state?

A great number of transfers are between people in different states. We work with carriers that can deliver your telecommunications service to any state in the US. You can negotiate with the person taking over the telecommunications contract as to who pays any costs involved. For more information, a Telcoswap representative can assist you.

What are my chances of transferring my telecommunications contract?

Although advertising a telecommunications contract offers no guarantees, we have a constantly updated waiting list of individuals looking to take-over telecommunications contracts. Sellers tend to receive various applications for their telecommunications contract. The moment you put up your telecommunications contract, Telcoswap's system automatically notifies all the people who requested your telecommunications contract that it has been put up.

What role does my telecommunications company play?

All telecommunications contract transfers require the approval of the telecommunications company involved in each particular contract (e.g. AT&T)(Independent of Telcoswap's pre-screening process and credit verification). Telecommunications companies charge separate fees when transferring a contract. The buyer taking over your telecommunications contract typically pays these fees. These fees range from $0+.

What documentation do I need to sign?

You need to sign the paperwork provided by Telcoswap and the paperwork provided by your telecommunications company. From the time a suitable candidate is found, it could take as long as three weeks to process the transfer paperwork. This is mainly due to mail going back and forth.

What guarantees do I have?

Although advertising a telecommunications contract offers no guarantees, we have a constantly updated waiting list of individuals looking to take-over telecommunications contracts. Sellers tend to receive various applications per telecommunications contract. Nationwide, people are constantly searching our listings and filling out Wish Lists. Telcoswap's system automatically notifies all the people who requested your telecommunications contract the second you put it online.

Transfer fees by Telecommunications Company

Contract Transfer fee: Telecommunicaitons Companies charge the buyer a fee of $0+ to process the telecommunications contract transfer paperwork. This fee varies and is payable directly to the finance institution (e.g. AT&T).

Does my company support Transfers?

Most companies today allow telecommunications contract transfers but, you should always call your telecommunications company to confirm their contract transfer policy. If you have any doubts, call Telcoswap and we'll be more than happy to help you.

FAQ's for the Buyer

What are the steps to follow for the buyer?

Register: Provide basic personal and contact information that will later be used for credit approval, the contract transfer, and for sellers to contact you. Being a registered buyer gives you access to your own "Buyer Central" which includes having "Wish Lists" and "Favorite Listings".

Buyer Program: By joining any of the 60-day buyer programs, you will gain access to contact sellers via the message center, and once credit qualified, you will have access to direct communication (Via Phone) with sellers. A (one-time) credit verification is included in all buyer programs, this is done to make sure you are able and eligible to take-over a contract. Once approved the credit verified status is good for up to 365 days.

Find a Telecommunications contract: Search through the advertised telecommunications contracts available on Telcoswap.com via "Search Listings" on the menu bar of the website. You can search by factors that are most important to you like, Connection Type, Carrier, Speed, Payment, Location, and Months Remaining. The results given are telecommunications contracts that include the important features you entered in the Search Listings page. You can then click on each specific telecommunications contract for more detailed information.

Contact Seller: Once you find a telecommunications contract(s) of interest, click on the CONTACT SELLER button on the Telecommunications contract Detail page.

Start the Transfer Process: Once you have communicated and or negotiated the term of transfer with the seller, you may then proceed and initiate the transfer process. Click on the Start Transfer Process button located in your "Buyer Central" next to the specific telecommunications contract you wish to initiate the transfer with or simply pick up the telephone and contact Telcoswap for assistance. A contract transfer specialist is available to assist you in initiating, processing and finalizing the transfer.

How to search for a telecommunications contract on Telcoswap.com

There are various ways to search for a telecommunications contract.

  • Click on Search Listings from any Telcoswap page on the top menu bar and use either the simple or advanced search options.
  • Use the "Featured Listings" module in our Home Page.
  • Use the "Search by Category" or "Search by Carrier" located in the Search Listings module.

How to Register

Click on the "First-time user" Register Now button on the Home Page and follow the instructions. If you want to begin your registration now Click Here

How to get pre-approved to assume a contract

If you are looking to assume a contract, this is something you want to consider doing. When sellers look at the list of contacts we provide, they will be able to see the rating you received. This could potentially increase your chances of getting the telecommunications contract contract you applied for. To get pre-approval Click Here to submit a credit application or log in, then click on "Credit Application" on the navigation bar.

How to use the Wish-List

If you were unable to find exactly what you were looking for, make sure you use this feature. The "Wish-list" is designed to automatically let you know when the telecommunications contract or telecommunications contracts you are looking for are posted on our website. To begin using the "Wish-list" Click Here or log in and click on "Wishlist" in the navigation bar.

How to change or add alerts to Wish-List?

If at any point in time you feel you need to change or add more telecommunications contracts to your wish list, you need to log in and then go to "Wish-list" in the navigation bar.

How to get my user id and/or password information

From the Sign-In area, you can click on Forgot Password? and request your username and/or password. Enter the email address you included in your Telcoswap account, and your username and password will automatically be emailed to you. If you have any difficulty obtaining the username and/or password, please Contact Us.

Contacting Sellers

To contact sellers simply Click on the "CONTACT SELLER" link on any of the ads you are interested in, if you are already a registered user, you just need to log in. If you are not a registered user, you will need to register and create a new account.

You will need to enroll in a buyer program which will allow you to communicate with sellers via Telcoswap's Message Center.

To gain open communication with the sellers and ultimately take over a contract, buyers must prove to Telcoswap that they PASS the minimum credit requirements. It is extremely important to PASS the credit verification process. If a buyer does not have the minimum credit requirements that it takes to contract a telecommunications contract, and begins communicating with a seller, at the end of the day when their telecommunications company does not give them a PASS, then they simply wasted their time, as well as the seller’s.

Registered and Potential Buyers
These buyers have registered with Telcoswap and have not yet joined one of Telcoswap's buyer subscription programs. 

Registered Buyers

Some have submitted a credit application, so after it has been reviewed, you will be able to see their buyer status as a good take-over candidate.

Active/Subscribed Buyers 
These are buyers that joined one of Telcoswap's buyer subscription programs. Some have submitted a credit application for review but have not yet been confirmed as a Credit Verified Buyer. These buyers have the ability to contact and communicate with sellers with Telcoswap's internal e-mailing system for early stage questions about the telecommunications contract. For example: Is this a fiber based telecommunications contract? Has the telecommunications carrier ever had an outage? Sellers will be able to answer directly via message center.

Credit Verified Buyers gain access to the sellers name and phone number.

Below are 4 different possible subscribed buyer statuses:

Not Yet Verified: Buyer has not yet submitted his application to Telcoswap for verification of credit. Please request buyer to prove that he has the ability to take over a contract, not all will qualify.

Save time, energy, aggravation and money and only deal with Credit Verified buyers.

Under-Review: Buyers credit verification is under review, status will update within 24 business hrs.

PASS: Buyer passed the minimum credit requirements established by Telcoswap.com Independent from Telcoswap’s and approval; Telecommunications Company must approve buyer as part of their contract transfer process.

FAIL: Buyer failed to meet the minimum credit requirements established to take over a contract. Some telecommunications contracts are not for everyone, not all will qualify. 

Possible causes and solutions: 

  1. Lack of credit history.
    Solution: Re-applying with strong co-signer/guarantor
  2. Derogatory credit on being reported on credit report. 
    Solution: Resolving credit issues with credit reporting agencies directly. 
  3. Balances to credit limits too high. 
    Solution: Pay down on Balances (it could take up to 60 days to update). 
  4. A Combination of the above causes.

Note: Buyer registration is accessible for multiple telecommunications contracts. Buyers may contact several telecommunications contracts at once, and If the initial telecommunications contract doesn't work out, you don't need to re-register with Telcoswap, simply contact another seller.

What to do when you find the telecommunications contract you want

You've found the telecommunications contract that fits your needs. Now what?

Follow these easy steps and you'll be on your way to a successful experience: As a buyer, you will be assuming a contract. The first thing you'll need to do is to contact the Seller to arrange a call at a mutually convenient time and place to review the telecommunications contract. You should allow 5-10 minutes for this meeting; make sure when you call the Seller, you ask that they bring the contract to the meeting.

The Contract: All your rights and obligations are specified in the contract Contract, so it's important that you understand the contract before finalizing a deal.

The Basic Terms of the contract: Check the sellers contract for the ending date (the date the contract agreement ends), the speed, the # of telephone lines (if applicable), the long distance rates, the monthly payment, any end of contract disposition fees, connection type and security deposit requirements.

The Telecommunications contract: As with any telecommunications purchase, take a good look at the type of service provided by the telecommunications contract. You will be responsible for the telecommunications contract after the transfer. Contact Telcoswap if you would like a recommendation.

Additional Questions to Ask the Seller: If you haven't already, now is the time to discuss any other questions that may be important to you, including confirming which party will pay the transfer fees, how you will handle security deposit transfer, etc.

Once you're ready to move forward, and agreed with the Seller on a transfer, the Seller will contact Telcoswap to let us know about your deal.

Telcoswap will contact you to verify that you do indeed want to proceed. After you verify that you do want to proceed, Telcoswap will submit your credit information to the telecommunications provider for their credit decision.

Remember, if you have any questions during the process, you can e-mail or call Telcoswap; we're here to help you!

Do I have to give an installation payment?

The amazing thing about taking-over a telecommunications contract with us is that no installation payment is required. You simply continue paying the seller's monthly telecommunications contract payments to the telecommunications provider until the expiration of the telecommunications contract term.

What if the interested person is in a different state?

A great number of transfers are between companies in different states. We work with telecommunications companies that can provide service to any state in the US. 

What are the costs to take over a telecommunications contract?

Membership Subscriptions: Click on link for Buyer Subscription Options

Credit verification: (1 credit verification is included in all memberships) $29.95 each additional credit verification

Commission Fee: * $300 (after rebate) In addition to the membership, a $300 Non-Refundable transfer initiation fee is due once the buyer and seller agree to initiate the 2 to 3 week long (on average) contract transfer process.

*Rebate: $100.00 Telcoswap offers the buyer an instant Transfer Rebate of $100.00 to be applied automatically towards the commission if the payment is made on-line at the initiation of the contract transfer process.

Note: Failure to pay the transfer initiation fee at the initiation of the contract transfer process will result in forfeiting any and all discounts and rebates offered by Telcoswap.

Telecommunications Company Transfer fee: $0+

Most telecommunications companies charge a fee to process the telecommunications contract transfer paperwork, these fees collected by the Finance institution directly (e.g. AT&T).

Other costs you may have:
If you are in a different city or state, there may be different taxes and fees in your area. Check out services available for more information.

Refund Policies:
All of the memberships, credit verifications, transfer initiations, and all other fees collected by Telcoswap are NON-REFUNDABLE.

Once I start the process, can I back out?

Until the final transfer documentation is signed by both parties you can back out at any time. Note that any fees collected by most telecommunications carriers and Telcoswap are non-refundable.

Who pays for the transfer costs?

You can negotiate with the person transferring the telecommunications contract as to who pays any costs involved.

I would like to take over a contract, what do I do now?

To take over a contract is easy!

  1. 1. Click on the "CONTACT SELLER" link on any of the ads you are interested in, if you are already a registered user, you just need to log in. If you are not a registered user, you will need to register and create a new account.
  2. 2. You will need to enroll in a buyer program which will allow you to communicate with sellers via Telcoswap's Message Center.
  3. 3. Fill out a credit application and submit it for review which can take up to 24 hours. Once you are approved, you get access to seller's direct contact information.
  4. 4. Once you and a seller reach an agreement to move forward with the transfer, click on the Start Transfer button located in your buyer central or contact Telcoswap's transfer department for assistance. If necessary, a site survey will be arranged.

After the telecommunications contract is over, can I continue the service?

Yes, most telecommunications contract contracts have a renewal option. The amount to be paid may vary, but typically the rate is the same with a renewal of the contract.

Can I extend this telecommunications contract?

Some contract contracts can be extended. For more details please contact the telecommunications company directly or reach out to Telcoswap and we are happy to assist.

How long does the process take?

From the time the transfer starts, it can take between 4 days to as long as six weeks depending on who is the telecommunications provider, to complete the transfer paperwork. This is mainly due to the transfer process the telecommunications provider has in place. Paperwork and mail will be going back and forth between buyer, seller and the telecommunications provider.

What is the difference between a taking over a telecommunications contract and talking to a sales rep at the telecommunications provider directly?

WHY TAKE OVER A contract?

  1. No installation payment. Continue making the monthly contract payments to the telecommunications company until the end of the term.
  2. Shorter term contracts: Simply take over the remaining of the contract. Its a short-term commitment.
  3. Save thousands of dollars: No installation payments required. E.g. someone gave a $3500 installation fee / set up charge on a contract to lower the contract payments. You do not have to pay the $3500 down payment.
  4. Get more telecommunications contracts more often: Taking over a telecommunications contract gives you flexibility to contract a telecommunications contract for a short amount of time; therefore allowing you to repeat this action many times.
  5. Speed benefit – stay cutting edge with the latest speed, features, and technology the industry has to offer..

REGULAR CONTRACTS INVOLVE:

  1. A long term contract commitment, usually 36, 48, or 60 months (5 years).
  2. An installation fee / set up payment: In most contracts there is usually an installation fee, which you do not get back when the telecommunications contract is over.
  3. Negotiating with a carrier: You have to negotiate the purchase price of the telecommunications contract, the term of the telecommunications contract, the overage charges, and the installation payment.

These are things a lot of us try to stay away from.

Contract Transfers FAQ

How the contract transfer process works

There are 6 easy and simple steps in the process:

Step 1: A Seller will list their telecommunications contract on Telcoswap.com
If you are looking to trade out of your telecommunications contract, register with Telcoswap and create your listing on the Telcoswap website. This is a quick process that involves providing Buyers with information about your telecommunications contract and your telecommunications contract. It helps to have a copy of your telecommunications contract and contract statement handy before posting your ad.

Step 2: The Buyer selects a telecommunications contract that they would like to take over
Buyers join a 60-day buyer program and immediately start communicating directly with sellers who advertised their telecommunications contracts via the message central. Once the telecommunications contract listing they would like to take over is chosen, the buyer must prove that they have the credit required to take over a contract.

Step 3: The Buyer will need to verify that they are credit verified
Part of the very important service provided by Telcoswap is the verification of credit of buyers looking to take over a contract. This service is included in all of the buyer programs and is required to obtain communication with Sellers advertising their telecommunications contract on Telcoswap.com .

Step 4: The Buyer and Seller communicate directly with each other
Sellers and buyers communicate with each other. The seller knows and understands that the buyer's credit has been verified by Telcoswap. Once all questions and/or concerns are addressed and answered, the seller and buyer are both ready to move forward with the transfer.

Step 5: Once the Buyer and Seller agree to transfer, the transfer documents are sent to both parties to sign to complete the transfer
Documentation Transfer: Once approved by the Telecommunications Provider, the transfer documents are sent to both parties to sign to complete the transfer. These are official contractual documents that finalize the transfer of the telecommunications contract. The documents usually go to the seller first, who signs them and then forwards them to the buyer. The buyer then signs the transfer documents and sends them back for processing. The completed transfer documents will then be sent to the seller and the buyer.

Step 6: Telecommunications contract Transfer: Once the documents are completed, the Seller may now hand over the telecommunications contract to the Buyer and the transfer is done!
The buyer can now install the telecommunications service and the deal is done!

How to find information about my telecommunications company

Telcoswap will provide the basic contract transfer policies for many telecommunications companies. Please Contact Us, and we'll be happy to get you more information.

How to get the telecommunications contract inspected by a third party

If you need to have the telecommunications contract inspected by a third party you can go into our Services section where you will find a company that we recommend.

Transferring FAQ

What to Expect During the contract Transfer

Now that you have agreed to move forward with the registered buyer, the following are some tips on what to expect:

Telcoswap Support
Our dedicated and experienced staff can be reached by e-mail or phone to assist you with expediting the transfer process. Let us know how we can help.

Documents Involved
Every telecommunications company has different policies and paperwork required for their transfer process. The typical documents involved are:
The contract Transfer Agreement
The Site Access Form
The Credit Application or others, depending on the individual circumstances

Finalizing the Transfer

Each Telecommunications Company has their own policies regarding finalizing the contract transfer process. Some will require your signatures notarized; others may just require a scanned signature. Telcoswap helps guide you through the process to make it as easy as possible.

Installing the Service

Once the Seller and Buyer have completed the Telecommunications Company requirements for the contract transfer (i.e. signed the appropriate transfer documents, both parties have paid the appropriate fees, and any other specific requirements of the telecommunications company), the Buyer is now able to install the service.

After the installation, the Buyer should expect to begin receiving monthly contract payment statements. If you don't receive your monthly statement by a week before the payment due date, please call your new telecommunications company to ensure your statement is being processed properly. Remember, it is your responsibility to make the contract payments.

General FAQ

What is Telcoswap.com?

Telcoswap.com is the first full-service online contract transfer marketplace of telecommunications contracts. We match companies and businesses who are currently in telecommunications contracts and wish to get out, with companies and businesses who are looking for short-term contracts with attractive payments and no installation fees.

How does the Telcoswap process work?

Telcoswap allows contract Sellers to post their contracts online where potential contract Buyers can view them and make contact with them to eventually take-over their contract. Visit How it Works for a detailed step-by-step process.

How long does the contract transfer process generally take?

Some telecommunications companies can complete the process in as little as one day, while others may take several business days. How long it takes depends on a few things.

  1. Credit application approval process which generally takes 24 to 72 hours.
  2. The creation and processing of the required contract transfer documents, which generally takes 3 to 5 business days.
  3. Mail and paperwork must also be taken into consideration. Typically, it takes between 7 to 14 business days to complete the entire process. If you'd like information on the typical time frame for a specific telecommunications company, please Contact Us and we will be happy to share our experiences with you.

Who can use Telcoswap to Transfer or Assume a Telecommunications contract?

As a Seller: Anyone who is currently in a telecommunications contract, whose telecommunications company allows telecommunications contract transfers or telecommunications contract assumptions, can use Telcoswap to "transfer" their contract. If you have any questions about whether or not your telecommunications company allows contract transfers, you may verify by Contacting Us, and we'll be happy to assist.
As a Buyer: Anyone looking for a great short term telecommunications contract on a telecommunications contract, can Search Telcoswap.

Can I be both a contract Seller and a contract Buyer with Telcoswap?

By being both a Buyer and a Seller with Telcoswap.com you can take full advantage of what we offer. You can monitor all of your account activity in one place, using a single username and password. A good place to start is in MyTelcoswap. From there you may go to Seller Central, Buyer Central or Profile, to view, edit and manage your accounts.

How does Telcoswap protect customer information?

Telcoswap protects customer information by using state of the art 128-bit Secure Socket Layer (SSL) encryption supplied by Verisign or others SSL providers.

How often are the listings updated?

When Sellers list their telecommunications contracts, they appear immediately on the website. When Sellers make any changes or add information to their listing, it appears as soon as they press the save button. 

Are any of the telecommunications contracts listed on Telcoswap offered by Providers?

Most of the telecommunications contracts listed on Telcoswap.com are being offered by the original contract holders looking to transfer out of their contract.

Do Telecommunications companies allow contract transfers?

Most telecommunications companies allow telecommunications contract transfers. However, very few do not and some have specific restrictions. 

Call a Telcoswap Transfer Specialist or your Telecommunications Company to find out their policies regarding telecommunications contract transfers or contract assumptions.

Nearly all telecommunications companies allow telecommunications contract transfers; however none of them actively promote or advertise this service. Time and costs associated with the telecommunications contract transfer to the telecommunications companies is one of the reasons why some companies decide not to allow contract transfers.

Telcoswap does not advocate subleasing in any way whatsoever, and the Telcoswap Marketplace is not to be used for the advertising or seeking of subleases. Telcoswap's contract transfer is a true transfer of equity, done by the telecommunicaitons company, with full contractual coverage by all of the parties involved.

Very Important:
Contract transferring or a contract assumption is NOT Subleasing since a sublease is NOT allowed by telecommunications companies and is in fact illegal in many states. 

What if I am in a different state?

A great number of transfers are between companies in different states. We work with many telecommunications companies, some of which are able to deliver service to any state.

When I search on the Telcoswap website and I like a telecommunications contract, what do I do?

Click "Contact Seller" if you would like to make an offer on the contract or if you would simply like to assume the contract. If you are a registered user log-in, or create a new account. Complete the credit application if you would like to get pre-approved. You will be contacted within 24 hours with the results.

What are the costs in taking over a telecommunications contract contract?

Buyer Programs and Credit Verification Fee: The cost to join our buyer programs varies from $200 to $300.
The buyer programs include 1 credit. All buyer programs are for 60 days of membership and include having your credit verified once.

The buyer program provides you with tools and information to enhance, facilitate and expedite your contract transfer experience. Telcoswap is available to assist you throughout the entire contract transfer process. In addition to the buyer programs, at the initiation of the contract transfer process Telcoswap charges the buyer $300 after rebate.

Transfer fees: Most Telecommunications providers charge a fee to process the telecommunications contract transfer paperwork. This fee varies from $0+ and is payable directly to the Finance Institution (e.g. AT&T). You can negotiate with the person transferring the contract as to who pays any fees involved.

Do I have to give an installation payment?

One of the advantages of taking-over a telecommunications contract is that you simply continue paying the monthly telecommunications contract payments until the contract term ends.

Once I start the transfer process can I back out?

Yes, up until the final transfer documentation is signed you can back out at any time. Note that any fees collected by Telcoswap are non-refundable

Who pays for the transfer costs?

You can negotiate with the person transferring the contract as to who pays any costs involved.

After the contract is over, can I continue the telecommunications contract?

Yes, most contracts have the ability to either renew or just continue month to month.

Can I extend this contract?

Most telecommunications companies will let you extend the contract term. However, it all depends on the original contract agreement and what the telecommunications company decides to do. For more details please contact the telecommunications company directly, or telcoswap.com is happy to help.

What do I do if I forget my user ID and or password information?

From the Sign-In area you can click on Forgot Password? to request your username and password. Just enter the email address you have included in your Telcoswap account, and the username and password will be emailed to you. If you have any difficulty obtaining the username and/or password, please Contact Us.

What happens if I do not receive emails from Telcoswap.com?

Some of the public email providers are blocking or routing your emails as spam. Please follow these simple instructions for assistance.

AOL

AOL software:

  1. Go to AOL Keyword: Spam Folder.
  2. Select the e-mail you want to retrieve, then click the This is Not Spam button.

AOL Mail on the Web:

  1. Go to http://webmail.aol.com.
  2. Enter your screen name and password, then click the Sign On button.
  3. Click the Spam link.
  4. Click the box next to the e-mail you wish to retrieve to place a check mark in it.
  5. Click the This is Not Spam button.

Gmail

  1. Go to your Spam mailbox.
  2. Tick the box next to the sender's name.
  3. Click "Not Spam" at the top of your Spam mailbox.

MSN Hotmail

  1. Go to your Junk E-mail folder.
  2. Open the message you want to retrieve.
  3. Click the "Not Junk E-mail" button at the top of your mailbox.

Yahoo

  1. Go to your Bulk Folder.
  2. Open the message you want to retrieve.
  3. Click the "Not Spam" button.

Why take over a contract?

Save thousands of dollars - You simply take-over someone else's monthly telecommunications contract payments for the time remaining on the contract. No down payments required. E.g. Someone gave a $3500 down payment on a TWC contract to lower the telecommunications contract payments to $349 per month. When you take-over the contract, you simply continue paying the $349 until the end of the contract. You do not have to pay the $3500 down payment.

More updated features more often - Taking over a contract gives you flexibility to contract a telecommunications contract for a short amount of time, therefore allowing you to switch telecommunications contracts often and take advantage of the latest features and also the lowest prices. 

What does a regular telecommunications contract involve?

A long term commitment.
Regular contract terms are usually 36, 48, or 60 months (5 years).

Down payment / Installation Fee / Setup Fee.
In many contract contracts, there is usually a down payment involved (which you do not get back when the telecommunications contract is over).

Negotiating with a telecommunications contract salesman.
You have to negotiate the purchase price of the telecommunications contract, the term of the contract, the excess usage charge, and the speed included in the contract payment. This is something that a lot of us try to stay away from.

Is it possible to terminate a contract prior to the full term of the contract?

Yes, it is possible to terminate most telecommunications contract contracts prior to the scheduled end date; however there are normally significant financial implications to the purchaser when doing so. Each telecommunications company has their own policies, but most will charge some form of early termination penalty. It is not unusual for these charges to be in excess of several thousand dollars, many times 100% of each remaining month on the contract. This makes transferring a telecommunications contract through Telcoswap such a valuable service.

How does assuming or transferring a contract work?

The telecommunications contract transfer process is almost the same for all telecommunications companies. The business / corporation wishing to take over the contract submits a credit application to the telecommunications company. The telecommunications company will make a decision on the credit worthiness of the applicant. If approved, contract transfer documents are prepared by telecommunications company and signed by the original and assuming contract holders. The transfer is complete when the signed documents are returned to the telecommunications company and processed. There are variations of fees and details for each telecommunications company. The Telcoswap Team is on board to assist with these variations and details as you navigate through the telecommunications contract transfer process.

What are my chances of transferring my contract?

Although we cannot give any guarantees, we have a constantly updated waiting list of businesses looking to take-over contracts. We tend to receive various applications per telecommunications contract. People nationwide search our listings and constantly fill out Wish Lists. Telcoswap's system automatically notifies all the people who requested your telecommunications contract the second you put it online.

How can I find information on my leasing company?

For the most up to date telecommunications company transfer policy information we recommend that you contact the telecommunications company directly or for your convenience Telcoswap has the basic contract transfer policies for many telecommunications companies – just Contact Us

What role does my Telecommunications Company play?

Independent of our pre-screening process, all of the contract transfers require the approval of the telecommunications company involved in each particular contract (e.g. Verizon, Charter, Comcast). Most telecommunications companies charge separate fees in connection with transferring a telecommunications contract. The business taking over your telecommunications contract typically pays these fees. These fees range from $0+. To this end, since we usually receive various applications per listing, we require candidates to undergo a pre-screening process to determine who is the most suitable to take-over candidate for your contract. These candidates undergo a credit check and pay a $29.95 to Telcoswap.

What happens to the security deposit when a contract is transferred?

Each telecommunications company has their own policy for how to handle security deposits during a contract assumption. Most transfer the security deposit to the assuming contract holder, while others return the deposit to the original contract holder and require a new deposit from the assuming contract holder. Some of them did not require a security deposit to begin with. Information on how leasing companies handle security deposits can be found out from a Telcoswap representative - Contact Us.

Are buyers and sellers free to negotiate any of their own terms concerning contract transfers?

Normally the terms of the contract, including monthly payment amount, connection / internet speed, and contract-end date remain fixed and are controlled by the leasing company. However, the Buyer and Seller of a contract are free to negotiate the details of the telecommunications contract transfer, as long as they do not interfere with the rules set forth by the contract agreement or are in violation of any laws. A common example of a negotiable item is who will pay the telecommunications company's transfer fees. These agreements are made between the individual Buyer and Seller; therefore Telcoswap does not have any control over the items being negotiated and assumes no responsibility for such agreements.

How long does the contract transfer process take?

The contract transfer process generally takes on average between 4 days and three weeks to get all the documentation processed and completed, note that to some of the slower telecommunications companies could take up to 7 weeks. Telcoswap is available to assist in the contract transfer process. Contact our Telcoswap transfer team to find out more about this service - Contact Us.

When is the contract transfer finalized?

The contract transfer process is final when the leasing company receives all required contract transfer documents and fees for the transaction and completes the transfer process by notifying each of the parties involved. Telcoswap is available to assist you on how and when to complete the necessary documents. Telcoswap will be happy to share our transferring experience with the procedures of all major telecommunications companies, please Contact Us with any questions or concerns you may have.

Is it possible to transfer a contract to an individual who resides in a different State?

A great number of transfers are between businesses in different States. Most carriers are in multiple states and will allow transfers to different states with no issue.

How do sellers benefit from using TelcoSwap?

Telecommunications contract Sellers can save lots of money by having someone assume their telecommunications contract instead of having to pay early contract termination alternatives which are a lot more expensive. Telcoswap has over 15 years of experience, extensive market penetration and popularity which simplifies the contract transfer process.

Am I still held liable once the contract has been transferred?

Almost all of the major telecommunications companies completely release the original contract holder from liability or responsibility when transferring the contract. Very few telecommunications companies choose to leave the original contract holder's name in the contract as a guarantor of the contract. You may contact your telecommunications company directly or you may also just Contact Us for details about your particular carrier.

What are the fees involved in a contract transfer?

There are two kinds fees involved in transferring a telecommunications contract with Telcoswap. The fees charged by Telcoswap are to list and transfer contracts.

There may also be fees required by the telecommunications carrier. Telecommunications company fees can include both credit application and contract transfer fees. Each telecommunicaitons company has their own fee structure which vary broadly from one company to the next. If you'd like to find out the fees for a specific leasing company, contact the company directly or just Contact Us.

What are my options if I want to end my contract?

  • Buy out of the telecommunications contract
  • Sell the telecommunications contract on your own
  • Transfer your contract to someone else through Telcoswap.com (with Telecommunications Company approval) The option to Transfer out of your contract is the least expensive way to exit your contract. In all of the other options you are satisfying the payoff balance of your contract upfront (100% of each remaining month is typically the penalty to end a contract early).

What are my responsibilities at the end of the contract?

  • Continue on a month to month basis.
  • Renew the contract
  • Get another carrier from Telcoswap.com.

My credit is questionable can I still take over a contract?

In order to qualify to take over a telecommunications contract, established and in good standing US credit history is a "MUST". Telcoswap's credit verification process is very easy way to determine if you have or not what it takes to take over a contract, a credit verification service is included in all of the 60 day buyer programs. contract transferring is not for everyone, only to those with excellent US credit history reported by one of the three US credit reporting agencies like (Equifax, TransUnion and Experian)

Contact Us