Usually, we’d always say that the best way to maximize the value of your old Iphone is to sell it yourself, either on Ebay or Craigslist. That’s not necessarily true this year, with both T-Mobile and Sprint offering a free iPhone 7 in exchange for your trade-in. That’s a $650 value, and while it comes with what is effectively a two-year contract with those carriers (leave before then, and you’ll need to pay off the balance of the phone), if you don’t intend on changing carriers and are comfortable with using the iPhone 7 for the next two years, that’s an unbeatable deal.
But, suppose you’re looking to be bold and switch from the iPhone to something else this year. In that case, the iPhone resale market is as vibrant as ever. But, selling your old iPhone on eBay or Craigslist comes with risks — scams, buyers failing to pay up, or, in the case of Craigslist, the mortal terror of the in-person meeting. This year, eBay is pushing their Quick Sale service, which allows you to sell your iPhone 6/6s/Plus directly to eBay (you can sell back even older iPhones or Android phones, but resale prices are significantly lower). You won’t get as much money using Quick Sale, but if you’re cool with parting ways with some cash in exchange for a more convenient and reliable transfer, it’s worth looking into.
eBay isn’t offering a pittance, but you’ll be getting a lot less than if you sold the phone yourself. What you’ll get depends on which model you’re selling, its condition, its storage capacity, its color, and whether or not you’ll be including accessories (the charging cable and the headphones). For example, a used, factory unlocked silver 64 GB iPhone 6 in good condition with charging cable and headphones will get you $247 from eBay Quick Sale. But, eBay is being pretty up front about what you can expect — they list how much you’re guaranteed to get if you sell it yourself ($383 in this case), along with a link to start setting up your sale.
If you’re wondering how eBay guarantees a sale price, here’s how it works. You’ll sell your phone like normal, and if it ends up bringing in less than the guaranteed amount, eBay will credit your account with the difference. So, the guaranteed sale price won’t necessarily be all in cash, but at least you’ll be getting some extra eBay spending money.
If you use eBay Quick Sale instead, they’ll send over a shipping label, along with instructions on how to securely clear your phone of private information. Send the phone in, and eBay will pay you as soon as they verify the condition of the phone. Whatever you decide to do, you’ll probably want to do it quickly. Old iPhone prices peak right before the new model comes out, and the iPhone 7 starts shipping at the end of this week.
This story was originally published at eBay Just Made Selling Your Old iPhone a Lot Easier – and Faster