Verizon Trade-In Program: Is It a Good Deal?

Is the Verizon trade-in program a good deal?

Verizon pays in store credit, which is applied to your bill within two billing cycles or sent as an email gift card within two weeks (for non-Verizon customers). Either way, you must spend your payout with Verizon.

Verizon pays an average of 14% less than online buyback stores for the models we compared (prices retrieved on 05/17/19).

iPhone X (Verizon 64GB Gray)$380 credit$519 cash
iPhone 8 Plus (Verizon 64GB Gray)$320 credit$395 cash
iPhone 8 (ATT 64GB Gray)$260 credit$290 cash
iPhone 7 Plus (Sprint 32GB Black)$175 credit$235 cash
iPhone 7 (T-Mobile 32GB Black)$125 credit$165 cash
iPhone 6s Plus (Verizon 16GB Gray)$150 credit$156 cash
iPhone 6s (Verizon 16GB Gray)$115 credit$104 cash
Galaxy S8 Plus (Verizon 64GB Black)$155 credit$231 cash
Galaxy S8 (AT&T 64GB Black)$135 credit$201 cash
Galaxy S7 Edge (Sprint 32GB Black)$75 credit$121 cash
Galaxy S7 (T-Mobile 32GB Black)$55 credit$94 cash

What’s your phone worth? Find out with Flipsy

How the Verizon trade-in program works

Start by visiting the Verizon trade-in program page, then:

  1. Browse for your phone and answer a few questions about your model and its condition
  2. Verizon will present an offer; if you accept the offer, Verizon will send you a prepaid shipping envelope
  3. Send your phone to Verizon, and once they receive it and confirm its condition you will be paid via store credit applied to your bill within two billing cycles (for existing Verizon customers) or via Verizon email gift card within two weeks (for non-Verizon customers)

What about Verizon trade-in deals

Verizon trade in deals can offer you more but often the offers are not as good as if you use their online or in-store trade in pricing. The deals are typically limited to getting credit towards certain phones and often only for new customers or existing customers that are adding an additional line.

Selling or trading your phone in?

A complete guide to phone selling options 2018 (local, online, marketplace & more)




FREE MONEY: The average household has $265 worth of old gadgets.