It looks like T-Mobile has finally got rid of contracts for wireless customers to make the wireless carrier more competitive. T-Mobile’s Web site shows an unlimited talk, text, and Web option that includes up to 500MB of high-speed data for a single phone for $50 a month. The price rises as the data level increases for example 2GB for $60, and 4GB for $70. As far as the phone itself, T-Mobile will allow customers to pay for the phone in payments or outright.