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 04/01/19).

iPhone X (Verizon 64GB Gray)$370 credit$547 cash
iPhone 8 Plus (Verizon 64GB Gray)$380 credit$430 cash
iPhone 8 (ATT 64GB Gray)$300 credit$322 cash
iPhone 7 Plus (Sprint 32GB Black)$205 credit$246 cash
iPhone 7 (T-Mobile 32GB Black)$123 credit$174 cash
iPhone 6s Plus (Verizon 16GB Gray)$185 credit$171 cash
iPhone 6s (Verizon 16GB Gray)$135 credit$117 cash
Galaxy S8 Plus (Verizon 64GB Black)$195 credit$220 cash
Galaxy S8 (AT&T 64GB Black)$150 credit$192 cash
Galaxy S7 Edge (Sprint 32GB Black)$85 credit$118 cash
Galaxy S7 (T-Mobile 32GB Black)$65 credit$91 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?

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