When you sell your phone for cash today, the resale prices you get depend on your smartphone spec, age, and the companies you look to get offers. Here’s a breakdown of how a buyer will assign a dollar value to your old cell phones:
|Buyer||Quote||Loss||Trustpilot Rating||Payout Type|
|BankMyCell||$693.00||BEST PRICE||4.9||Cash Payouts|
|Best Buy||$490.00||-$203.00||1.3||Gift Card|
Quotes based on an Apple iPhone 11 Pro Max 512GB (on Verizon) - taken Spring 2021
* Carrier account credit paid in 24 monthly installments on next billing cycle
** eBay quote includes 10% marketplace fees deducted
Buyback Stores (Best Deal): As you can see from the tablet above, BankMyCell is the one-stop marketplace for getting you the best price for your old phone or iPhone. By comparing millions of deals from all the leading companies to sell your old cell phone in one place, you can choose the right site, payment options, conditions and be happy with your items deal.
Carrier Store Trade-ins: You can visit your network carriers site to sell your old phone, but as you can see from the price chart above, you’re leaving cash on the table. Payment options are limited too - you only get gift cards applied to your account as payment, and they drip this network account credit over 12-24 months.
Sell your phone on Marketplaces: You can list your mobile device on eBay. In this process, you’ll have to spend 30 minutes taking photos and making an eBay listing - plus, they charge 10% marketplace fees to sellers. Swappa is another option; from experience, they have lower marketplace fees, but they require extra time to list your device than eBay.
Retailer location = Low-ball deal: If you’re looking to sell your phone near you for cash, be warned that you’ll only get store credit in return for your trade-in. This gift card limits you to buy from the store you sell it to (Target, Best Buy, Walmart) and can be almost half the deal you’ll get here. An EcoATM Kiosk is another mobile phone trade-in option, these Kiosks also pay a low price, but they are another way to sell for cash payouts.
Go ship instead of shop: To get more payment options like PayPal, Direct Deposit, or Check, sell your old phone with BankMyCell’s comparison market and leave the house to ship it, instead of visiting a retail store to sell. That way, you get paid extra and can use the cash on what you want!
Double your device trade-ins price: The best way to sell your mobile device is BankMyCell. As a seller, you’ll get the highest pricing evaluation from comparing multiple places. The only downside to this is that you’ll have to wait a day or two for the buyers to pay due to shipping timescales.