How to Get the Most Cash for Your Gadgets

How to Get the Most Cash for Your Gadgets

Reseller Breakdown

Each of these sites is very similar, offering variations on a theme in terms of layout and functionality. Amazon is the newest, having just been released this month. Gazelle offers a slightly more refined user experience, while some of the others, such as NextWorth, are much less inviting and visually bland.

Amazon

www.amazon.com/trade-in

One of the latest to enter the tech trade-in fray, online retailer Amazon recently expanded its trade-in service to include gadgets such as tablets, phones, MP3 players, and cameras. Users looking to get rid of old gear will receive reimbursement in the form of store credit deposited directly into their Amazon accounts. The site sends you a box and a label to cover the cost of shipping.

BuyBackWorld

www.buybackworld.com

BuyBackWorld covers the basics, letting you sell old gadgets or donate them for recycling if they’re not worth anything. When you visit the site you’re greeted by a video avatar, which offers the basic directions. This site looks the least professional in terms of the design, but it also offers a referral program where you can make $10 for every $100 worth of electronics that one of your friends sells.

BuyMyTronics

www.buymytronics.com

This site will accept cell phones, smartphones, digital cameras, MP3 players, eReaders, game consoles, GPS devices, and all Apple products. BuyMyTronics promises to wipe all personal data before the devices are recycled.

The service covers the cost of shipping and then pays you via check or PayPal. BuyMyTronics also offers a unique fundraising option; the site will send you a giant box that you could place, say, in the middle of an office space. People can then deposit their old gadgets in the donation box. When you’re done, you mail it in using the pre-paid shipping labels. You can then have the funds sent directly to your charity of choice, along with a 5-percent bump, courtesy of BuyMyTronics.

Gazelle

www.gazelle.com

Thanks to an aggressive advertising campaign and excellent service, Gazelle is the most prominent company in this space; it handles the trade-in program for Walmart, where you can get store credit for your old gadgets. In addition to buying your gadgets (everything from laptops and eReaders to Blu-ray players and video games) for cash, Gazelle allows you to send them in for recycling. However, the service won’t pay for shipping if your device is worth less than $1.

The site also has a charitable side. You can organize a gadget drive, where a group donates its old gadgets to Gazelle, with the proceeds from the sales going to a charity of your choosing. And if you’re in Boston, you can drop off the gadget directly at the Gazelle office.

NextWorth

www.nextworth.com

Helpfully, NextWorth offers in-store drop-off. You can take your used cell phones, cameras, game consoles, DVDs, and other gear into one of more than 850 Target stores nationwide, and exchange them on the spot for either a gift card or store credit. If you’re in range of a Target, it’s hard to beat that level of convenience.

YouRenew

www.yourenew.com

YouRenew offers the basics in the cash-for-gadgets space, and its claim to fame is that it’s the “easiest, fastest, and greenest way to turn your old electronic devices into cash.” If your gadget isn’t worth anything, or if you don’t want any money, you can simply turn it in and recycle it.

For every device YouRenew takes in, the company lets you choose between a donation to Carbonfund.org (one metric ton of carbon offset per 20 recycled devices) or Americanforests.org (one planted tree for every four YouRenew customers who choose this option). YouRenew also offsets all its carbon emissions through CO2stats.com.

Who Pays the Most?

To give you an idea of how six of the top reseller services stack up, we got quotes for ten products you might be trading back this year. In order to avoid bias from varying definitions of ‘good’ and ‘bad’ from site to site, we described each item as being of the highest quality possible. That means no scratches, cracks or water damage, as well as original packaging and cords. Here’s what each service offered:

  Amazon BuyBackWorld BuyMyTronics   Gazelle NextWorth  YouRenew
iPad 16GB + WiFi 273 221 184 213 191 190
Motorola Droid X 73.5 72 47 47 56.32 50
Amazon Kindle WiFi 24.25 26 28 26 27.56 0
B&N Nook Color 60 64 31 73 64.42 40
Samsung Epic 4G 116.75 59 52 0 0 87
Moto Atrix 4G 148 103 101 10 133.39 100
iPhone 4 16GB 242 212 182 180 180 187
BlackBerry Curve 3G 88 74 18 32 60 54
PowerShot ELPH 300 HS 60.5 64 0 0 41.25 0
Total buyback amount: $1086 $895 $643 $581 $753.94 $708

Amazon.com’s wide variety of accepted items and high offers propels it to the top of the list, but they certainly have the most specific definition of a ‘like new’ item, leading us to believe that unless your old gadget literally hasn’t been touched, those prices may move down a little. Regardless, there’s plenty of variation from site to site to make it worth your while to do some shopping around before selling any item.

Earn Cash for Old Gadgets

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  1. Julie Mosley Says:

    Thank you, Brian for including our company in this post! We appreciate the coverage and are happy to see that consumers are learning about electronics buy-back programs which helps to reduce e-waste!

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