I bought a phone, but apparently the bill was never paid. I contacted the person who sold it to me, and he said that he cancelled his contract with them and is paying the termination fee (but still never paid the bill...), and once his billing cycle ends the phone will be able to be activated. Is that true, or will the phone simply be blacklisted?
Take some good advice and get your money back now! Ebay has a process for getting refunds or contact the seller and get your funds back. I sorely doubt you can place that phone on your account at this time.
I agree with Elector, if the phone is currently able to be activated, you should try to get your money back. You can reconsider when the phone is able to be activated if you wish, but there is no reason why you should front money to the seller with the CHANCE of being able to activate the phone at a later date.