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Iphone 6s Upgrade Email

So I received the E-Mail to upgrade my contract 1 year early and I plan on preordering the Iphone 6s, However, they require me to trade in my current device. Does this mean I have to trade it in at a store when the phone is released or can I preorder online and send it in when the iphone gets to me?

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Re: Iphone 6s Upgrade Email
Sr. Leader

You will get a mailer to send it in. The current device must be in near perfect shape or you will get charged for it. Also take pictures of the phone working and its condition as you are putting into the mailer. Record the tracking number and confirm it was received by Verizon.

This sounds like Early Edge. It is not really an new contract is it? You are going to be placed on a payment plan, and return your current phone, correct?