Wyze, a home security company, is doubling the prices of its home monitoring services. The old price for a Wyze subscription was $5 per month. The new price is $10 per month. If you want to keep your current subscription, you need to pay the new price by September 30th. After that, the service will be discontinued and you will have to switch to a different provider. Wyze is one of the most popular home security companies on the market. It has over two million subscribers worldwide. The company makes its money by charging customers for monthly home monitoring services and selling additional features such as video recording and real-time alerts. The new prices are likely to upset many Wyze customers who are already paying $5 per month for the old service. Many of these customers may not be able to afford to switch providers or may not want to switch providers because they like the features that Wyze offers. If you are thinking about switching providers, now is a good time to do so before Wyze discontinues its service completely in September. ..
The company announced the price bump in an email to subscribers (via The Verge). It said, “This price increase will help us cover rising costs, make the service more sustainable, and allow us to continue adding new features.”
We can’t say we’re too surprised Wyze’s monitoring price is going up since $5 per month was absurdly cheap. Even $10 per month is quite a bit more affordable than most other security systems with monitoring. Ring, for example, just bumped its price to $20 per month.
The price increase will start on April 6, 2022, so you can keep the lower price if you sign up for the annual subscription now.
Wyze is offering some benefits with the price increase. First, it’s providing one Cam Plus license worth $15 a year to subscribers. It’s also adding person detection for all the cameras on an account. It also includes its leak and climate sensors and consists of the $10-a-year Sprinkler Plus subscription. Basically, the company is bundling some of its extra subscriptions to create more value for its monitoring service.
Price increase or not, Wyze is still one of the best home security systems on the market. It’s worth considering if you want home monitoring without spending too much.
