iPhone Trade-In Program Comparison - Apple, Verizon & Shopping Websites (2023)

There are millions of loyal iPhone users and they all have one thing in common – they want the latest and greatest technology from Apple. The first iPhone was originally released and each new model comes with some exciting new upgrades. If you plan to upgrade your iPhone, you cansell your old iPhone to subsidize the costs. There are several ways to sell your iPhone, but trade-in programs are becoming increasingly popular. Let's take a closer look.

What is the iPhone trade-in program?

The iPhone trade-in program is exactly what it sounds like - trade in your phone so you canupgrade to the latest model.In exchange for your old iPhone, you get credit toward the purchase of a new device.

There are three main types of iPhone trade-in programs that you should know about.

Carrier Trade-In programi (Verizon, AT&T i Sprint)

Mobile service providers are the creators of transaction programs. Popular carriers like Verizon, AT&T andI'm runningRealize that most people only need one phone, so use trade-in programs as an incentive for customers to upgrade.

Each of these programs has its own unique restrictions on device types and exchange frequency. For example, it's common for carrier plans to allow replacement and upgrades every two years. Most carriers will accept relatively new devices, but it will be harder to sell older phone models.

Of course, with carrier trading programs you are tied to a specific carrier. If you prefer to go straight to the source, you may like Apple's iPhone Trade-in Program better.

Trade-in program for Apple iPhone

Apple offers its own subsidized trade-in programupgrade cost.

Transaction values ​​vary, but here is an example of recent transaction values:

When you trade in your phone to Apple, you can save on the monthly price of the latest iPhone model. You can use Apple's plan with all major carriers (AT&T, Sprint, T-Mobile, and Verizon).

companies that buy the iPhone

Last but not least, you can sell your phone in onean iPhone buyback company. Redemption programs are run by third-party companies not directly affiliated with Apple orcell carriers.

Customers can get an online quote, send it to their phone and get paid. Trade-in programs typically offer the most flexibility because they buy a wider range of device models and conditions. Redemption programs also do not require an in-place upgrade.

While an Apple or carrier-sponsored trade-in program will generally require you to upgrade your device, buyback programs do not include this provision. This gives customers the flexibility to switch between carriers and phone models.

The Pros and Cons of the iPhone Trade-In Program

iPhone trade-in programs have become the new norm. The question is, are they worth it?

The main advantage of these programs is practicality. By trading in your phone, you don't have to look for buyers or, even worse, leave it sitting in your old cell phone drawer. However, this convenience comes at a price (literally!).

We've seen cell phone prices skyrocket since commercial plans became widespread. Instead of paying for the phones in full, users typically pay a monthly fee similar to a subscription. Because the full price of the phone is split over two years of monthly payments, companies can charge more for the phone itself. While $750 is a steep price for a smartphone, $32 a month seems more affordable.

Here are the main pros and cons of using an iPhone trade-in program:

Advantages

• Facilitate
• Instant offers
• More frequent upgrades
• The price of the phone is divided into monthly installments

Disadvantages

• Lower payouts than traditional sales methods
• Higher phone prices
• Less flexibility to switch between providers (on mobile plans)

Which Apple iPhone models can I exchange?

The short answer is - it varies. Each program has its own rules. If you have a newer iPhone, most trade-in programs will likely accept it. If you have an older iPhone, you may need to do some additional research.

For example, Apple'sThe iPhone Trade-In program only accepts iPhone 6smodels and more.

Transaction value is another consideration. Just because youcanreplacing your phone doesn't mean you have to. For example, Verizon accepts the iPhone 5S and later, butprice of iPhone 5Svalued at only $10.

If you have an older device or one that shows wear and tear, online shopping programs will be your best bet. These companies buy a wider range of devices and even broken phones.

What is the trade-in value of my iPhone?

The trade-in value of your iPhone will depend on three main things:

1. Model
2. State
3. Exchange program

Newer iPhone models are always worth more. While you might get a few hundred dollars for a newer iPhone like the 8 or XS, you probably won't get more than $100 for an older model like the iPhone 6.

Condition is another factor in the value of your phone. If you have a brand new phonethe balance will be worth much morebut a phone with a cracked screen.

Of course, there are no general price lists, so you'll have to shop around for the best deals. The trade-in program you choose will ultimately determine the price you get for your phone. For example, at the time of writing, Apple values ​​iPhone 6 models up to $100, Verizon values ​​them up to $60, and Buyback Boss values ​​them up to $120.

Trade-in vs. sales programs

As mentioned above, trading programs have become the norm, but you still have an optionsell your iPhoneusing traditional methods. You can sell your iPhone on eBay, Craigslist, and other marketplaces. Of course, most of these methods involve additional costs, such as registration fees and shipping costs.

Still, you might want to check your options to make sure you're getting the absolute biggest payout. Luckily, we've done some of the work for you!

Online iPhone Trade-In Program Comparison

We've compiled a list of every online option fortransactions on your iPhonein a nice article.

Yes, yes, we know what you're thinking "But why should I trust you?". You don't have to trust us, we just make it easier to find the competitors you're looking for.

Exchange– A great option if you have a little more time to create your post and are willing to wait for your iPhone to sell. Generally speaking, this is one of the best ways to get the best price for your iPhone.

Swappa will not provide a prepaid tag so you will have to pay for shipping, just a heads up! The price you get after fees is generally very similar to eBay. If you are deciding between eBay and Swappa, choose Swappa!

Note:Swappa does not accept damaged devices, so it will not be an option if your device has debris, cracks or any functionality issues.

Verizon– Trading in your iPhone for Verizon is one of the most convenient options, but the prices are not competitive. Verizon knows it has convenience on its side and is taking advantage of it. Also, keep in mind that they pay with store credit, so you won't get cash with this option.

apple– Apple Trade In is the same story as Verizon – convenient, but you will be paid in credit at a lower value.

BuybackBoss.com– The best choice if you are looking for a happy medium between practicality and price. You'll get a bit of a price cut compared to eBay or Swap, but the process is simple and we provide you with an instant quote and a pre-paid shipping label. Just drop the package in your mailbox and receive a check or PayPal payment in a few days.

It's worth more– Another great option that bridges the gap between convenience and price. ItsWorthMore has a similar online bidding system with guaranteed bids, but their prices are slightly lower than the Buyback Boss bids. We have nothing but good things to say about ItsWorthMore though – they seem to be running a great company.

Decluttr– Decluttr is another “Online Buyback” platform, but they also buy a bunch of other stuff like CDs and DVDs. Although some of their online offers often seem high, the user experience is not the best. They have a much lower Trust Pilot rating than most, so we wouldn't recommend them.

how did yousells a broken iPhone– Decluttr has some of the lowest prices, so if you're going to consider them, make sure you only do so if you're selling something that falls into the "Used" category.

The gadget is gone- These guys have consistently competitive prices and we know their team - a great team of people. We recommend using them if you decide not to do the Buyback Boss.

Note:We offer a price match guarantee and will price match any GadgetGone.com offer.

Taking over the world– We recommend them with caution as some reviews have shown that they have caused long delays in processing time. Also, their offers are generally not very competitive.

Gazela– A well-known industry leader, but their prices are 20-40% lower than others.

-ONLY. DO NOT. I'M WORKING. THE. Not to be dramatic, but this is the worst option for selling your device. Their prices are insanely low. Yes, it's incredibly convenient, but is it worth losing hundreds of dollars to get paid a few days early?

MaxBack- There is not much to say here. Their offers are not that competitive and we have no experience with their customer support team.

ShopMore– Their deals can be decent at times, but we are concerned about the level of customer service here. I believe this site is owned by Verizon - so it will be more of a corporate experience where it's hard to talk to someone.

SellShark– An excellent choice foriMac and Macbook sales. We know their team and they are all very friendly.

eBay– eBay is a great option if you know what you're doing. However, with so many scammers on eBay, you seriously need to have some eBay experience to make sure you don't lose your payment entirely. If you are very experienced on eBay and are willing to put in the time to post, send phone calls, etc. – this is a great choice. Otherwise we would not recommend this route.

Sell ​​your Mac– Another great option for selling your iMac or Macbook. iPad and iPhone prices will not be competitive because they specialize in large format devices. We know that the owner and his team here prioritize high levels of customer service. IfSale of iMac or Macbook,check them out - they will give you a personal exchange experience.

BuybackTronics– Similar to MaxBack, we don't know much about them. It is detailed and shows all possible options.

Clymen– We don't know much about them, but in general their prices seem to be decently competitive.

For sale- There are often great prices here, but USell works with a variety of companies - some with no experience in the retail industry.

Being a buyer through USell does not require you to have your own trading site, so whoever you send your phone to may turn out to be malicious. It might be worth the risk in some cases, but it's probably not worth the risk for a few extra bucks.

iGotOffer- We tested their process ourselves and it goes smoothly. Their customer service is not very personal and mostly automated, but their prices are decent. You probably won't get the best price or service through them, but they are a legitimate business that will pay you on time.

SellCell– Great place to compare exchange options. We work with them. Our only warning here is to be wary of very new companies in the industry that have extremely high prices. Be sure to check companies first and confirm they have high Trust Pilot ratings. There are too many good options for selling your iPhone to risk it for a few extra bucks!

TheWhizCells- I'm adding them to the list to be as detailed as possible, but we don't know much about their team. Their prices are generally quite competitive.

The best trade-in programs for iPhone

• Higher price (added time to create ad): Swappa.com
• Best value (especially for cracked devices):BuybackBoss.com
• Best Value (Close 2nd'mali):GadgetGone.com, ItsWorthMore.com
• The best places to sell iMacs and
• Macbooks:SellYourMac.com & SellShark.com
• No, please don't:EcoATM

Share your experience in the comments (good or bad) and we will continue to update this post for the highest level of accuracy. We want you to have the best experience possible when selling your iPhone, even if Buyback Boss isn't for you!