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 12/06/19).
|iPhone XS Max (Verizon 64GB Gray)||$433 credit||$505 cash|
|iPhone XS (Verizon 64GB Gray)||$338 credit||$452 cash|
|iPhone XR (Verizon 64GB Gray)||$294 credit||$334 cash|
|iPhone X (Verizon 64GB Gray)||$271 credit||$359 cash|
|iPhone 8 Plus (Verizon 64GB Gray)||$208 credit||$290 cash|
|iPhone 8 (ATT 64GB Gray)||$147 credit||$208 cash|
|iPhone 7 Plus (Sprint 32GB Black)||$134 credit||$192 cash|
|iPhone 7 (T-Mobile 32GB Black)||$71 credit||$122 cash|
|Galaxy S9 Plus (Verizon 32GB Gray)||$175 credit||$201 cash|
|Galaxy S9 (Verizon 64GB Gray)||$150 credit||$176 cash|
|Galaxy Note 8 (Verizon 64GB Gray)||$120 credit||$175 cash|
|Galaxy S8 Plus (Verizon 64GB Black)||$115 credit||$135 cash|
|Galaxy S8 (AT&T 64GB Black)||$78 credit||$116 cash|
|Galaxy S7 Edge (Sprint 32GB Black)||$39 credit||$76 cash|
|Galaxy S7 (T-Mobile 32GB Black)||$32 credit||$57 cash|
|Verizon Phone Insurance: What it covers, what it doesn’t|
How the Verizon trade-in program works
Start by visiting the Verizon trade-in program page, then:
- Browse for your phone and answer a few questions about your model and its condition
- Verizon will present an offer; if you accept the offer, Verizon will send you a prepaid shipping envelope
- 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.
Next: Meet GreenBuyback: Our Newest Trust Verified Store!