ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Verizon customers to get 'account credit' as compensation — here's how to claim it

About 1.5 million subscribers were affected by the seven-hour-long outage.
PUBLISHED JAN 16, 2026
Representative image of people waiting for service inside a Verizon store  (Cover image source: Getty Imates/Photo by Spencer Platt)
Representative image of people waiting for service inside a Verizon store (Cover image source: Getty Imates/Photo by Spencer Platt)

In an age when staying online is an essential part of everyday life, losing connectivity can be frustrating. Customers of Verizon Communications experienced this when they were hit by a widespread outage, and now they are set to receive a $20 credit as compensation. In the seven-hour-long outage, about 1.5 million customers were affected, according to service tracker Downdetector. While it is still unclear what caused the massive outage, Verizon said it could have been due to a software issue, and the company was investigating the matter.

Representative image of a man facing service disruption (Image source: Getty Images/Photo by Vladimir Soldotov)
Representative image of a man facing service disruption (Image source: Getty Images/Photo by Vladimir Soldotov)

The nation's largest wireless network outage started around 12:30 p.m. ET on Wednesday, according to USA Today, and lasted for about seven hours. Subscribers complained that during the outage, their ability to use their mobile services was limited, and it prevented them from making calls or completing online transactions that required the services of a wireless network. To appease the frustrated customers, the wireless provider on Thursday announced credit to compensate customers for the disruption. 

"Yesterday, we did not meet the standard of excellence our customers expect and that we expect of ourselves," the company said in a statement to CBS News. "To help provide some relief to those affected, we are giving customers a $20 account credit that can be easily redeemed by logging into the myVerizon app. On average, this covers multiple days of service. Our business customers will be contacted directly about their credits," the statement added.

To claim the credit, customers need to log in to their account on the myVerizon app, where they should see an option to claim the offer, but as per USA Today, the option hasn't appeared, as of yesterday. "Credit isn't meant to make up for what happened. No credit, really, can. But it's a way of acknowledging our customers' time and showing that this matters to us," the company's statement mentioned. "We are sorry for what you experienced and will continue to work hard day and night to provide the outstanding network and service that you expect from Verizon," the company wrote. 

Representative Image Source: Getty Images | RiverNorthPhotography
Representative Image of a Verizon store (Image source: Getty Images | Photo by RiverNorthPhotography)

Furthermore, Verizon on social media stated that the outage had been resolved, and customers who continue to face issues should restart their devices and connect to the network to refresh their systems. As per Downdetector, the outage was widespread across the country, but the issue was reported in higher concentrations in New York City, Atlanta, Charlotte, Houston, North Carolina, New York, and Brooklyn. The outage was significant enough to grab the attention of the  Federal Communications Commission (FCC), which said it was monitoring the situation, Mashable reported. This wasn't the first major service outage for the company, as back in September 2024, a similarly widespread Verizon outage hit over 100,000 people.

More on Market Realist: 

Instacart to pay $60 million to settle claims it deceived customers with false advertising

Retailers including Walmart and Target can now decline your credit card — key details revealed

Amazon Prime members to get refund after major lawsuit — key details revealed

MORE ON MARKET REALIST
The newly introduced Trump accounts have the same tax advantages as IRAs.
2 days ago
While the IMF warned the current administration's policies could make deficits worse.
2 days ago
Fans couldn't believe how a contestant failed to secure just 31 points out of the 200 that his partner had scored.
2 days ago
While the answer touched Harvey's heart, he was sure nobody would do that for a celebrity.
2 days ago
Trump's claims were both partially true and ridiculous, according to industry analysts.
2 days ago
People on social media accused the actor of being a hypocrite, urging him to step up first.
3 days ago
Trump's pledge sounds empty as OBBBA has shaved over $1 trillion in social safety nets funding.
3 days ago
While her answer wasn't technically wrong, the survey begged to differ.
3 days ago
After getting three zeros on the board, Nori had the impossible task of winning with two answers
3 days ago
An underlying stock rotation has triggered a potential countdown to a crash.
4 days ago
Harvey couldn't pass up the opportunity to take a jab at J-Lo's relationship status
4 days ago
While the president championed his policies, the ground reality tells a woeful tale.
4 days ago
Companies will be in no rush to reduce prices as trade uncertainty continues, the bank noted.
5 days ago
Trump threatened to use different laws to punish countries that back away from negotiated deals.
5 days ago
Despite his experience, Harvey didn't know much about the prep that goes into competing on the show
5 days ago
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
Feb 21, 2026
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
Feb 21, 2026
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
Feb 21, 2026
Although the player was off in her guess by nearly $10, she had a buffer to work with.
Feb 21, 2026
Harvey was excited to learn how Amrett impressed his dates.
Feb 21, 2026