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 either delivered instantly, 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 30% less than online buyback stores for the models we compared (prices retrieved on 08/26/2022).

iPhone SE 3 64GB Verizon$170$146
iPhone 13 128GB Verizon$367$445
iPhone 12 64GB Verizon$270$315
iPhone 11 64GB Verizon$160$210
iPhone SE 2 64GB Verizon$71$120
iPhone XS Max 64GB Verizon$150$210
iPhone XS 64GB Verizon$100$152
iPhone XR 64GB Verizon$95$135
iPhone X 64GB Verizon$90$150
iPhone 8 Plus 64GB Verizon$69$117
iPhone 8 64GB Verizon$49$75
Galaxy S22 128GB Verizon$365$520
Galaxy Z Fold 3 Verizon$329$475
Galaxy Z Fold 2 Verizon$223$242
Galaxy S21 128GB Verizon$205$280
Galaxy Note 20 Verizon$245$250
Galaxy Z Flip 3 VerizonN/AN/A
Galaxy S20 Verizon$156$210
Galaxy Note 10 Verizon$100$195
Galaxy S10 128GB Verizon$67$116
Galaxy S9 Plus 64GB Verizon$32$80
Galaxy S9 64GB Verizon$26$67
Galaxy Note 8 64GB Verizon$27$75
Find Current Trade In Prices for Smart Phones @ Flipsy

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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)
Selling or trading in your phone? Compare your options

You can apply for instant credit if you’re an existing Verizon customer and you’re upgrading your phone or adding a new line. If approved, you can immediately use the credit toward your purchase. Note that if your phone arrives in worse condition than you stated, Verizon will issue a chargeback on your bill.

Low offer from Verizon? Get more with Flipsy! Find the value of your phone.


What about Verizon trade-in deals?

Verizon trade in deals can offer additional incentives, but you might still be able to get more value if you simply trade in your phone online or in Verizon stores. Their special deals are typically limited to getting credit towards certain phones are often only available to new customers or existing customers who are adding new lines.

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