Can you have a Verizon phone and Tracfone service?
Tracfone is a MVNO (Mobile Vertual Network Operator) which is a
fancy way to say they are a reseller. They buy minutes from Verizon
and sell them to their customers.
Tracfone is the oldest of the MVNOs. (They weren't even called
that back then). Essentially, the network is the same but you pay a
lot less on Tracfone's prepaid service.
Verizon is a carrier using CDMA technology (as does Sprint). It
is difficult to switch CDMA phones from one network to another. Its
much easier on GSM which is the technology used by T-Mobile and
AT&T. In fact, 95% of all networks in the world are GSM.
The Bottom Line - You may be able to find a local Tracfone
dealer who can "re-program" (hack) your Verizon phone to work on
Tracfone. The main reason you'd want to do this is that Tracfone's
service is really cheap but they offer only really crappy
phones.