How to Cash In on Your Old Electronic Devices

How to Cash In on Your Old Electronic Devices

Electronic devices eventually become obsolete as we replace them with newer models. In many cases, the old items aren’t worth a lot of money. But getting something for them is often more desirable than just giving them away or throwing them out with the trash.

Before dismissing those old electronics to the closet or kitchen drawer, consider selling it. Someone else might be thrilled to own it.

There are a number of options for receiving some value from those old devices:

The basic logistics are the same, but you have additional payment options. You are able to choose between a cheque, receiving money in your PayPal account, or a gift card.

Trade it into Amazon. Amazon Trade-In is a program that will give you credit for your electronic item.

  • After providing Amazon with an accurate description of the item, they will present you with an offer. If you accept it, you then send the item to Amazon at their expense. After inspecting the item, they give you an Amazon gift card.


EBay Instant Sale. EBay provides a fast and easy way to get rid of your items. The items can even be non-functioning. The process is similar and you’ll have the money in your PayPal account within 5 business days of eBay receiving your item. As common as PayPal has become, a free PayPal debit card is worth consideration.

  • Sell your item locally or with an eBay regular sale. This method of selling to another individual is likely to put the most money in your pocket.


Keep in mind that selling your item to a business means that they’re going to resell it for a profit.

There are plenty of additional websites that provide a means of getting some value out of those old devices.


How to Cash In on Your Old Electronic Device

Make Money on Your Old Electronic Device


Consider these tips to get the highest possible price for your electronic items:


  • Sell your item at the best time. The best time is as soon as possible. Once you have replaced the item, immediately get rid of the old one. Letting the item sit in a drawer for six months will only result in getting less money.


  • Keep all the accessories. You’ll get considerably more money if you can provide the charger, box, instructions, and any other items that came with your device.


  • Get in the habit of keeping all those extra items together in the closet, starting from as soon as you first purchase the electronic product.


  • Name-brand items tend to hold their value better. For example, an old iPhone is worth quite a bit more than the vast majority of other mobile phones. It’s something to consider when purchasing your electronic devices.


  • Be accurate in your descriptions. If you’re not accurate, the item will ultimately receive a lower offer or be rejected altogether.


Before shipping or selling any electronic device, ensure that all private information is wiped clean from the item. Many of these items, particularly mobile phones, can hold an extensive amount of personal information.

Avoid letting those old devices gather dust. You could be getting a significant amount of money for some of them. Even a few dollars is better than ultimately throwing them in the trash.