With an endless parade of new smartphones hitting the market every year, the temptation to upgrade is strong. While the rate of smartphone replacement has lengthened to 33 months, you may have some devices lurking around in your closet or drawer that others are willing to pay for.
Around 1.5 billion smartphones have been sold each year recently, and that’s not including the amount resold on third-party markets. At a time when smartphones can cost upwards of $1,000, more consumers are looking toward secondhand devices from resellers on eBay, Amazon, and Swappa. In this guide, we’re going to help you work out what your old phone might be worth, where to sell it, and how to prepare it for postage.
Deciding what to get rid of
A spot of spring cleaning can be cathartic and profitable. It feels good to clear out old stuff, create space, and line your pockets in the process. Your first dilemma is deciding what to sell, so dig into your closets and gather your old smartphones for inspection.
There are various sound reasons for hanging on to an old phone, rather than parting with it: You might be planning to pass it on to a child, maybe you want a backup device in case your current phone breaks, or perhaps you’ve repurposed it as a smart home gadget.
Just be aware that if you do plan to sell your smartphone one day, delaying it is only going to lower the value. The longer you hang on to an old device, the less it will be worth.
Find the box and accessories
When you have a smartphone you’ve decided to sell, it’s a good idea to locate the original box and the accessories that came with it. Hunt around and see if you can dig up the box, the original cable and charger, the earphones, and anything else that was in there when you first opened it. This will make a difference, not only to the price you can command but also to how easy it will be to package up and ship.
How much is your old smartphone worth?
A perfect condition phone, boxed with all the original accessories, is obviously going to be worth more than a scuffed phone with no box or charger. But to get the best possible price for your old smartphone, you’re going to have to do some research.
Generally, you’ll find that the best potential prices come from a private sale to another person, but that’s also the riskiest sale method. Trade-in deals are easy and straightforward, but they won’t make you as much money, and payments are usually in the form of credit or money off a new device. Selling directly to companies that deal in used electronics is the easiest way to get rid of an old smartphone, but it pays the least. Below, we’ll dive deeper into these three methods.
If you decide to use eBay or Craigslist, then you’ll need to do some legwork to find out what kind of price to set. Search as if you were a buyer seeking the phone you’re selling. Search the listings and collate the prices. Look for listings that are close to what you’re offering in terms of condition and accessories.
Once you have a few prices in mind, it’s time to check the trade-in and buy-back prices. Luckily, this process is much easier: Simply go to the website, answer a couple of questions about your phone, and you’ll get an estimated price.
There are a few services that aggregate offer prices from different buyers, such as Flipsy, SellCell, and uSell. They can save you a bit of time, but they don’t search every database on the internet. For example, Flipsy doesn’t search through Swappa’s catalog of used phones. They can be part of your research, but you should not solely rely on them.
Unlocked phones are worth more
The carrier your phone is locked to does have an impact on price. Unlocked phones, which can be activated and used on any carrier, will always command the highest fees, so it’s worth unlocking your smartphone before selling it. Check out our full phone unlocking guide for more details.
Choosing where to sell
There are three main options for selling. You can sell directly to another person using an online marketplace, you can trade it in for credit, or you can sell to a company.
Selling through a marketplace
You’ll get the highest prices by selling privately, but that means you’ll have to create an enticing listing, sort through offers, maybe negotiate the price, and deal with packaging up the phone or meeting someone to hand it over.
People on Craigslist seem to be willing to pay a bit more to avoid the hassle of waiting.
People on Craigslist seem to be willing to pay a bit more to avoid the hassle of waiting, but it’s not going to suit every seller. You should be prepared to take photos, write up a listing, field incoming offers, and then meet with the winning buyer to exchange your smartphone for cash. For a more in-depth look, check out our guide on how to sell on Craigslist.
Your next best option in terms of potential price is probably eBay, but you must remember to factor in eBay fees and your packaging and shipping costs. With eBay, you can gamble and list your smartphone for auction, or you can just set the price you want. To get an idea of probable auction prices, search the listings for your phone, and check the box that says Sold listings under Show only on the left-hand side of the eBay website in your browser. You will have to take photos of your smartphone, write up a detailed listing, and package up and send your smartphone to the winning bidder. Check the postage cost yourself in advance to avoid a nasty shock; we haven’t always found the postage calculator built into eBay to be accurate. For more details, read our guide on how to sell on eBay.
There are a few other marketplaces where you can sell your smartphone, but the one we recommend is Swappa. It has several protections in place to prevent fraud, making it a safer place to buy used phones. You will have to submit a verification photo of your smartphone and provide the IMEI or ESN for a blacklist check. Every listing is also manually reviewed by a team of mobile device experts. Best of all, Swappa charges a flat listing fee upfront — you won’t find yourself paying an unexpected amount of money after the sale. However, you should include postage costs in your price and be prepared to package and send the device when it sells.
Trade-in your smartphone
It’s very straightforward to trade in your device, and you can get an estimated price by answering a couple of questions on the relevant website. Some websites, like Amazon, give you a free prepaid shipping label to print out, and you’ll just have to package up the device and send it. With Verizon, you also have the option of taking your device into a store to have it appraised and trade it in.
Most trade-in deals will either give you credit that can only be spent with that retailer or they’ll give you money off a new device. Be aware that the final price you get with a trade-in is only decided once they inspect the device, so if you don’t answer the questions honestly — describing a scratched phone as flawless, for example — then expect to get less than the quoted price.
Here are a few of the top options for trade-ins:
Sell to a company
The easiest way to get cash for your smartphone is to sell it to a company that buys used smartphones. Just like with the trade-in services, you can get an estimated price online by answering a few questions. That price is usually good and locked in for a fixed period. However, you’ll only be paid once the device has been received and inspected.
One of the great things about many of these services is that they will send you the packaging with prepaid postage, so all you have to do is box your phone up, drop it in, and send it off. Here are a few of the best options:
If you want to sell your device directly, then some small, independent phone stores might give you cash over the counter. EcoATM also runs a kiosk service — usually located inside a shopping mall — where you can place your device in a machine. The machine inspects your device, gives you a cash offer, and, if you agree, you get the cash on the spot. Note that you will need a government-issued ID to verify your identity.
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