Getting the newest version of the iPhone is pretty sweet, but your fancy new gadget usually comes at a steep price.
There’s a simple way to ease some of that pain on your wallet. Instead of tossing your old phone or tablet into the junk drawer, get some cash for it.
And you don’t have to sell it yourself on Craigslist or eBay. There are a handful of gadget trade-in sites that make it super easy to get paid for your old devices, according to the Wall Street Journal.
Here’s how it works. You visit the company’s website, where you select the type of device you want to sell. The company spits out a cash quote and provides instructions for sending them the phone, tablet or computer.
Typically, you’ll be offered a check, a PayPal deposit or some other form of payment, such as a gift card. Your device may be worth $150 to $400, depending on its size, condition and other factors, such as whether it’s unlocked or tied to a specific service provider.
Here are six companies that will give you cash for your old mobile devices and computers!
Wal-Mart’s Gadget to Gift Cards program, run by a service called CExchange, lets you exchange your phone, handheld gaming system or e-reader for a store gift card. Head over to the program’s website, where you can enter information about your device and get a quote for the trade-in value. Next, ship the device to Wal-Mart (they’ll send you a printable, pre-paid shipping label). Staffers will evaluate your phone, then send you an electronic gift card within two to four weeks.
Gazelle accepts phones, tablets, laptops, desktop computers and other products. The company has paid out over $200 million and has bought and sold millions of devices, according to its website. Simply select your device, your service provider, the device’s storage capacity and its condition (broken, good or flawless). Gazelle will make you an offer and send you a free box and shipping label.
MaxBack is another online trade-in service that accepts a wide array of devices. In addition to buying phones and tablets, MaxBack will also buy smart watches, fitness trackers, headphones, speakers and virtual-reality headsets. The company promises fast payment, sending you money in less than a week if you choose the PayPal option. MaxBack will even send you $10 for your broken phone—hey, at least it’s something.
You’ll get an Amazon gift card when you trade in your phone, tablet, laptop, video console, video games or books through the online retailer. Amazon also accepts cameras, music, movies, TV shows, wearable devices and other electronics. They’ll send you a pre-paid shipping label and email you a gift card balance within two weeks. If they don’t accept your items, they’ll ship them back, free of charge.
With Stopoint, you can get paid within 24 hours of the company receiving your used device. Stopoint will send you a pre-paid shipping label—all you have to do is pack up your device and drop it off at a FedEx store. They’ll pay you via PayPal or send you a check.
You’ve probably seen an EcoATM kiosk at a shopping mall or a grocery store near you. The kiosk deploys a camera to judge the condition of your phone, MP3 player or tablet, then pays you cash on the spot. Visit the EcoATM website first for tips to get your device ready to sell.
It’s never been easier to get cash for your old phones, tablets and computers. So now you have no excuse not to clean out that junk drawer!
The products and services mentioned below were selected independent of sales and advertising. However, Don't Waste Your Money may receive a small commission from the purchase of any products or services through an affiliate link to the retailer's website.