Verizon appraises the value of your device and gives you a credit on your account (or virtual gift card) ood toward a new device or other products and services available through Verizon. When you bring in your old device, Verizon will give you an estimate of the value of your device. This credit can be used on devices, software, and services available through Verizon.
Read this first
Verizon Wireless, Inc. (VZ) s a telecommunications corporation headquartered in New York City. It operates a nationwide 4G LTE network with over 100 million customers. Verizon also offers a variety of phone plans and services, including Verizon Wireless Essentials, Verizon Wireless More Everything, Verizon Wireless Choice, Verizon Wireless Plus, and Verizon Wireless Ultimate.
Verizon Wireless typically sells older, used phones through its trade-in program, which allows customers to trade in their old phone and receive a new, unlocked phone or a discounted phone plan. Verizon Wireless also offers customers a chance to upgrade their phone by trading in their old phone and paying a discounted price for a new phone.
What Happens to Cell Phones When They Are Traded In
Every day, people trade in old phones for new ones. In some cases, the trade-in company or carrier can sell the phone back on their website without much refurbishment. If your phone is old, or it’s taken a few bumps and scratches over the years, trade-in companies and carriers are less interested.
Some trade-in companies and carriers recycle the phones by breaking them down into their component parts and selling them separately. Others simply discard the phones.
Does Verizon Wipe Trade in Phones
Verizon may wipe your trade-in phone if it’s not in good condition.
-If your phone is not in good condition, Verizon may wipe it and give you a new phone.
-If your phone is in good condition, Verizon will give you a discount on a new phone.
-If your phone is not in good condition and you have a contract, Verizon may not give you a discount on a new phone.
-If your phone is not in good condition and you don’t have a contract, Verizon may give you a discount on a new phone or a refund.
Do They Wipe Your Phone When You Trade It In
-
Before trading in your old phone, it’s important to properly wipe the data clean. A factory reset will work, so long as you encrypt the phone first.
-
For Android users, if you existing phone runs Android 6.0 (Marshmallow) r newer, your data will already be encrypted by default. So, you’re good.
-
Some carriers may require that the phone be wiped clean before it can be traded in.
-
Depending on the phone, it may also be necessary to remove the SIM card and/or reset the phone’s security settings.
-
Once your phone is clean and ready to be traded in, make sure to bring it to the store in the same condition as when you received it. This includes removing all personal information, such as contacts, pictures, and videos.
-
Most stores will wipe the phone clean before giving it to you, but it’s always best to check with the store before hand.
-
If your phone isn’t wiped clean before you trade it in, the store may be able to do so for you, but this will likely cost you extra.
-
Make sure to bring a copy of your receipt and any other paperwork that may have been related to the purchase of your old phone in case the store needs to verify your trade-in.
What Does Samsung Do With Trade in Devices
-
The Samsung Trade-In Program allows customers to trade in an eligible device and receive an instant trade-in credit toward the purchase of a new qualifying Galaxy device.
-
The instant trade-in credit for trading in a smartphone or a tablet applies only to New Samsung Devices.
-
Customers can trade in their old device at any participating Samsung Retail Store or Samsung.com.
-
The trade-in value of a device depends on the condition of the device and is determined by a Samsung Retail Store or Samsung.com.
-
The trade-in device must be in good condition and have no signs of damage.
-
Customers can trade-in their device for any qualifying Galaxy device, including Galaxy Tab S2 9.7, Galaxy Tab S2 9.7 (2018 edition), Galaxy S8+, Galaxy S8, Galaxy S7 Edge+, Galaxy S7 Edge, Galaxy S6 Edge+, and Galaxy S6 Edge.
-
Customers can receive an instant trade-in credit of up to $650 for trading in a smartphone or $350 for trading in a tablet.
-
The trade-in value of a device is determined at the time of trade-in.
What Happens to Old Iphones After Trade In
Your older iPhones are usually recycled. Reputable recyclers inspect the phone to see if the iPhone can be refurbished or reused. If the condition is good, the iPhone gets ready to be sold as a refurbished iPhone in the secondary market.
Is Trading in Your Phone a Good Idea
If you want to get a new phone, you can either sell it yourself or trade it in. If you sell it yourself, you get about 53% of the cost of the phone. If you trade it in, you get about 41% of the value of the phone. Ultimately, it depends on how much money you want versus how much convenience you need.
Is It Better to Trade in or Sell Phone
Most people think it is better to trade in their old phone for a new one, but you can get a lot more money if you just sell your phone yourself. Manufacturers and carriers often offer trade-in programs, where you can get a discount on your new phone if you trade in your old one. However, you can usually get more money if you sell your phone yourself. This is because there are often more people looking to buy phones than there are people looking to trade them in.
Why Do Companies Take Trade in Phones
Companies do trade-in programs because they want to keep their customer base. When a customer switches to a competitor, the company loses money. Trade-in programs allow the customer to trade-in their old phone for a new one, which the company can then use to lure new customers. This way, the company is able to keep as many customers as possible and avoid losing them to a competitor.
What Disqualifies a Trade in Phone
Retailers generally require devices to meet certain qualifications in order to be accepted for a trade-in. These qualifications may include no cracks or heavy wear, a device that powers on and holds a charge, and a device that is fully paid off. Devices that do not meet these qualifications may be disqualified from being traded in.
To sum it up
Verizon does not offer a trade-in program.
