Verizon introduced two new prepaid plans aimed at their budget-concerned customers. The bad news is that they are only available for 3G smartphones. The monthly plans, which appear to be restricted to a small number of smartphones unable to access Big Red’s LTE network, both offer unlimited talk and text.

The new Verizon prepaid plans start at $60 per month for unlimited talk, text messages and 500 megabytes of data. You can also choose the $70 per month plan, which includes unlimited talk , text and 2 gigabytes of data.

The company claims that many devices are compatible with the new plans, including various Android OS devices,  BlackBerry and iOS. Regarding the iOS, that should mean the Apple‘s iPhone 5, iPhone 4 and iPhone 4S are included.

The plan price points are still more than T-Mobile (the company offers a $30 plan for “unlimited” data on 3G), although the carrier will throttle connections that go over 5GB per month. T-Mobile’s 3G network was even found to be faster than Verizon’s 3G network by PC World.

In comparison, Virgin Mobile offers a $55 monthly plan that includes unlimited talk, text and 3G/4G data. Another competitor, MetroPCS has prepaid plans starting at $40 per month for unlimited talk, text and 500MB of 4G LTE data; or $50 for 2GB of 4G data.

Both plans are available immediately as of today, and you can find the full list of support smartphones at Verizon’s website.

Do you think $60 or $70 is a fair price for the Verizon prepaid plans? Tell us your opinion in the comments box.