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Looking for ways to defray the cost of the new iPhone 15? If you have old electronic devices lying around you are in luck. Several big-name retailers have trade-in programs, offering you gift cards for your old gadgets. It’s not purely altruistic: They lure you in and in many cases make a little profit on your old goods. If you frequent one of the stores and the devices will otherwise gather dust, it may be worth it.
“With electronics, the worst possible thing you can do is put it in the drawer and plan on dealing with it later,” says Christie Nordhielm, a marketing professor at Georgetown University. “As soon as you have a piece you're not using, find some way to recycle it, whether you give it away, sell it online or use one of the resale options.” The decline in the value of electronics is “super steep and super rapid” and “becomes the worst kind of garbage,” which is why you shouldn’t wait, she says.
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Retailers aren’t the only option for getting rid of your old gadgets. But if you shop at the store or prefer instant gratification, they could be the way to go. With that in mind, here is a look at seven retailers that pay for your old electronics.
1. Costco
Costco’s trade-in program gives you gift cards in exchange for your old Mac, Apple Watch, iPhone, iPad, smartphone and tablet. To see how much, visit Costco’s website and search for your device. You’ll get an instant quote based on the condition and market value. Ship it using a free shipping label. Once Costco receives and inspects the electronics, it will issue you a digital gift card or send one via mail. All items have to be in working condition and undamaged beyond reasonable wear and tear. Remember to scrub all of your data. It can take one to two weeks for the card to arrive by mail. The digital option takes three to five business days, Costco says.
2. Walmart
Walmart accepts a wide range of electronics including cellphones, tablets, video game consoles, voice speakers, MP3 players, wearables and laptops. Choose your device type at Walmart’s electronics trade-in website, answer a few questions and get your instant quote. Walmart accepts working and damaged devices, although you get a lot less for the latter. Once you accept the offer you can print out a free FedEx or UPS shipping label. Walmart will issue you an e-gift card after inspecting the device.
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