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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 09/14/2021).

iPhone XS Max (Verizon 64GB Gray)$232 credit$347 cash
iPhone XS (Verizon 64GB Gray)$164 credit$252 cash
iPhone XR (Verizon 64GB Gray)$140 credit$247 cash
iPhone X (Verizon 64GB Gray)$139 credit$235 cash
iPhone 8 Plus (Verizon 64GB Gray)$93 credit$200 cash
iPhone 8 (ATT 64GB Gray)$83 credit$120 cash
iPhone 7 Plus (Sprint 32GB Black)$52 credit$102 cash
iPhone 7 (T-Mobile 32GB Black)$34 credit$51 cash
GalaxyS9 Plus (Verizon 32GB Gray)$66 credit$129 cash
Galaxy S9 (Verizon 64GB Gray)$45 credit$92 cash
Galaxy Note 8 (Verizon 32GB Gray)$37 credit$110 cash  
Galaxy S8 Plus (Verizon 64GB Black)$34 credit$95 cash
Galaxy S8 (AT&T 64GB Black)$23 credit$55 cash
Galaxy S7 Edge (Sprint 32GB Black)$17 credit$30 cash
Galaxy S7 (Verizon 32GB Black)$10 credit$25 cash
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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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