According to a new report from Android enthusiast blog Android Central, Verizon Wireless will eliminate rebates on all smartphones priced $150 and higher. Smartphones priced at $149.99 and lower will still have associated rebates, which are typically $50 and require proof of purchase to be mailed into a processing center. Rebates will now be applied instantly on Verizon’s high-end devices, so customers will no longer have to wait for reimbursement by mail. A screen shot of what is presumed to be an internal Verizon Wireless document states that the policy change will go into effect at the end of this month. The new move, which comes just ahead of Verizon Wireless’ iPhone 4 launch, is likely a result of the imminent release of Apple’s smartphone as the carrier will not require a rebate with iPhone purchases.