I decided to upgrade my IPhone 7 to the IPhone 11Pro which I did online realizing that I would have to pay off the outstanding balance on the IPhone 7. Subsequently I returned the IPhone 11Pro as it was not suitable for my needs thinking that my contract would revert back to it's original state. I was wrong ! When you upgrade your phone to another device and have a balance on your original device then the financing is cancelled by FIDO. So you end up having to pay the buy out on your original phone and loose the finance on it. FIDO do not warn you of this when making the transaction neither is it clearly stated anywhere. It's not a brilliant policy though as now my phone will be paid off I can switch to another carrier.
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It is unfortunate you did not fully understand the Payment Program.
... I did online realizing that I would have to pay off the outstanding balance on the IPhone 7....
You are required to pay the outstanding balance of the device because the contract ended early. If the contract had not been cancelled, there would not have been any requirement to pay the remaining balance. It is not possible to continue with a contract which had already been terminated. I'm not aware of any company which would refund you the remaining balance you already paid and re-finance the device.
... FIDO do not warn you of this when making the transaction neither is it clearly stated anywhere. ...
You noted that you did the upgrade yourself online. In addition, it is clearly noted on their Payment Program information page.
~taken from here.
Hope this helps 😀
All said and done when you return a phone within the return policy framework you are in essence cancelling the transaction ergo it follows that the account should return to it's original standing. But it does not because FIDO has not thought this one through. Conceptionally I know I am correct the problem is that FIDO simply does not have the ability to revert back to original standing.
Anyway, it's fine and was just $200.00 and a lesson learned to scrutenize every detail and aspect prior to contracting your services. The bonus is that I now don't have to stay with FIDO and can go with any carrier I wish to. So who wins out ? I do and FIDO looses a customer.