Millions of British homes are filled with unnecessary technology that can be turned into cash needed for Christmas.
If you’ve been hoarding gadgets, now is the time to sell off those old phones and laptops.
According to the Recycle Your Electricals Campaign, every home has an average of 20 unused devices. Together, they are worth £5.6bn, meaning every household could earn around £200 by liquidating and cashing out.
Laura Shannon explains how to buy gadgets at the lowest prices. . .
This is important when trading technology. A mobile phone seller who compromises at the initial price offered could, on average, cost him £87.
This, according to Compare and Recycle, lets you see how much different companies will pay for your tech.
Another site you can check is CompareMyMobile.com.
Obviously, the newer and better the gadget, the more possibilities there are.
According to musicMagpie.co.uk, older iPhones can lose more than a fifth of their value three months after the release of a new model.
Jon Miller of this site says: Trade it in as soon as you’re ready to upgrade. ”
Antonia Hristov, marketing manager at Compare and Recycle, adds:
Also, please be honest about the condition of the product. Businesses check it when they receive it, before selling it. If you lie, you may receive less money than expected.
Try Gadget Website
Many sites pay big bucks for old technology to keep the process simple. These include musicMagpie, Envirofone, WeBuyAnyPhone, Money4MyTech, and Phones2Pounds.
They wipe data from your old devices and refurbish them and sell them. We often accept broken or defective items, but at a much lower price. Some offer free shipping or collections.
Get an online quote for the make, model and condition of your phone. The quote is confirmed when the company receives and tests it. If agreed, often paid on the same day or within 24 hours. If the test reveals that the phone is in worse condition than you said, we may lower our estimate. If you do not agree, the device will be returned to you.
Make sure anything you send is properly packaged, take photos of the item before posting, and possibly use tracked shipping.
You can also sell directly to customers through eBay and Facebook marketplaces. A quick sale is not guaranteed. There is also an effort to answer questions from buyers. But you can get higher prices.
Please pack the item securely and ship it with proof of postage. It’s also worth taking a picture of your device before you give it away.
use a hole in the wall
Selling old gadgets is as easy as using an ATM.
You can bring your phone to ecoATM kiosks located in supermarkets and shopping centres, scattered across 53 UK cities.
Place your mobile device in the kiosk and the computer will test you on the spot and give you an instant rating.
If you are happy with the quote, payment will be made to your bank account, usually within the same day. If you are unsatisfied, return the phone.
The machine accepts all types of mobiles in any state and is wiped clean before the device is sold.
It’s convenient, but compare prices first so you don’t lose money. Visit location.uk.ecoatm.com to find your nearest ecoATM.
MusicMagpie also has dozens of SMARTDrop kiosks across the country, mostly in big cities.
exchange for credit
You can trade in your old cell phone at some high street shops and mobile networks.
At Currys and Carphone Warehouse-house, you can choose either payment or store credit. Argos and GiffGaff accept bank transfers. Apple offers credit, while EE offers cash, credit, or a discount on the bill.
Bank transfers usually take a few days to a week.
Payouts are often lower compared to specialized sites. You may get even more benefits when you upgrade to a promotional product.
Carphone Warehouse offers £250 when you trade in any Android smartphone, working or not, and buy a new Samsung Galaxy Z Flip4 or Fold4.
Get cashback bonus
Earn extra from cashback websites when you sell or trade in your phone.
Sites like TopCashback and Quidco pay bonuses when you make your first purchase on a branded website.
Current deals on TopCashback include £5.25 to sell your old phone to Envirofone and 5.25% cashback on WeBuyAnyPhone.
For example, Quidco also has offers for sellers using musicMagpie and Console Trade In.
“Two laptops made for £200”
Self-employed Billy Gough earned £200 last year from selling two Lenovo laptops.
They were still working but well used and about 4 years old.
The father of three who works in IT sales and logistics said his computer was just “cluttered” and sat in his drawer doing nothing.
He sold them to Money 4 My Tech, a company that specializes in gadget recycling or remanufacturing. Payment can be made by check, bank transfer, or PayPal the same day the company receives the goods.
Billy (right), 51, from Baldock, Harts, said:
“If you have old cell phones or laptops, you can sell them and make some cash.”
“New Phone Financing”
EVENTS manager Viv Williamson used a gadget kiosk to sell an iPhone 11 for £310.
Viv, 38, who lives in Sale, Greater Manchester with her 8-year-old son Charlie, sold a phone to musicMagpie using one of her SMARTDrop points at her local Asda.
Before going to the supermarket, I entered the make and model into the website and was immediately given a quote.
After bringing it in, she received the money via PayPal later that day and used it to purchase a refurbished Google Pixel smartphone.
Viv (right) says: