Upgrading to the LG G3 device is a great choice! Yes, this device is capable of being activated on a prepaid plan. Please reach out to our Prepaid Customer Service Team at (Toll Free) 888-294-6804 for assistance with activating this device on your current prepaid line of service.
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You should make sure you get a Verizon LG G3. While Verizon is now activating non-Verizon phones, the list of accepted phones is still quite small.