Technology

Selling Your Old iPhone? It Pays To Compare Your Options

Planning on buying the iPhone 8? You can offset part of the cost by selling your old iPhone. How much you can get for your iPhone depends on a variety of factors, including the condition of the device as well as where you sell it – and it literally compares to pay your options.

Old iPhone selling options
JESHOOTS / Pixabay

iPhone selling options include:

  • Wireless carriers
  • Online trade-in companies
  • Local stores and kiosks
  • The private market

Many people trade in their iPhones to wireless carriers like Verizon, AT&T, Sprint, and T-Mobile. It makes sense, because it’s the most convenient way to sell your iPhone. However, wireless carriers tend to pay less than other options – they don’t manage their own trade-in programs, so they have to pay a “middleman” – and they only pay in store credit.

Online trade-in companies pay an average of 30 percent more than wireless carriers. They offer cash payments (via check or PayPal), typically sent within a few days of receiving your iPhone. Examples include MobileFlyp, Gazelle, uSell, and Buyback Boss. You can use a free service like Flipsy to compare multiple trade-in offers at once.

Local stores and kiosks are quick and convenient options that pay in cash or credit. Payouts vary, though they usually pay less than online trade-in companies. Examples include Best Buy, Apple Stores, ecoATM kiosks, and pawn shops. You can find local iPhone buyers with Flipsy Local.

The private market – Craigslist, Ebay, Facebook Marketplace, etc. – pays the most money for used iPhones, though it lacks the convenience of the other options. There is no guarantee of sale and you risk the hassle of no-shows and scams. Still, you’ll get more cash by selling directly to end-users. As the “blue book of iPhones,” Flipsy displays private market values based on real-world sales so you know how much yours is worth.

Before you sell your iPhone, do your research to find the best deal for you. Do you want a quick sale? The most money? A combination of convenience and value? The answers will help you decide where to sell it – and, as the following comparisons demonstrate, it literally pays to compare your options:

iPhone 7 Plus (32GB black on the Verizon network)

  • Private market: $599 cash
  • Flipsy: $461 cash
  • uSell: $401 cash
  • AT&T: $330 credit
  • Verizon: $345 credit
  • T-Mobile: $335 credit
  • Gazelle: $350 cash
  • Best Buy: $350 credit
  • ecoATM: $275 cash
  • Apple Store: $425 credit
  • Sprint: $200 credit

iPhone 7 (32GB black on the Verizon network)

  • Private market: $488 cash
  • Flipsy: $375 cash
  • uSell: $342 cash
  • AT&T: $320 credit
  • Verizon: $345 credit
  • T-Mobile: $283 credit
  • Gazelle: $325 cash
  • Best Buy: $347 credit
  • ecoATM: $230 cash
  • Apple Store: $375 credit
  • Sprint: $165 credit

iPhone 6s Plus (16GB space gray on the Verizon network)

  • Private market: $378 cash
  • Flipsy: $291 cash
  • uSell: $231 cash
  • AT&T: $205 credit
  • Verizon: $215 cr
  • T-Mobile: $175 credit
  • Gazelle: $240 cash
  • Best Buy: $221 credit
  • ecoATM: $145 cash
  • Apple Store: $260 credit
  • Sprint: $125 credit

iPhone 6s (16GB space gray on the Verizon network)

  • Private market: $307 cash
  • Flipsy: $236 cash
  • uSell: $192 cash
  • AT&T: $165 credit
  • Verizon: $170 credit
  • T-Mobile: $135 credit
  • Gazelle: $195 cash
  • Best Buy: $185 credit
  • ecoATM: $115 cash
  • Apple Store: $215 credit
  • Sprint: $110 credit

iPhone 6 Plus (16GB space gray on the Verizon network)

  • Private market: $268 cash
  • Flipsy: $206 cash
  • uSell: $199 cash
  • AT&T: $140 credit
  • Verizon: $149 credit
  • T-Mobile: $127 credit
  • Gazelle: $165 cash
  • Best Buy: $155 credit
  • ecoATM: $105 cash
  • Apple Store: $170 credit
  • Sprint: $80 credit

iPhone 6 (16GB space gray on the Verizon network)

  • Private market: $209 cash
  • Flipsy: $161 cash
  • uSell: $145 cash
  • AT&T: $110 credit
  • Verizon: $110 credit
  • T-Mobile: $91 credit
  • Gazelle: $130 cash
  • Best Buy: $120 credit
  • ecoATM: $80 cash
  • Apple Store: $170 credit
  • Sprint: $70 credit

Retrieved 9/5/2017

Article by Brian Morris