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 01/21/20).
|iPhone XS Max (Verizon 64GB Gray)||$415 credit||$476 cash|
|iPhone XS (Verizon 64GB Gray)||$315 credit||$434 cash|
|iPhone XR (Verizon 64GB Gray)||$270 credit||$337 cash|
|iPhone X (Verizon 64GB Gray)||$255 credit||$354 cash|
|iPhone 8 Plus (Verizon 64GB Gray)||$195 credit||$283 cash|
|iPhone 8 (ATT 64GB Gray)||$125 credit||$205 cash|
|iPhone 7 Plus (Sprint 32GB Black)||$95 credit||$189 cash|
|iPhone 7 (T-Mobile 32GB Black)||$40 credit||$113 cash|
|Galaxy S9 Plus (Verizon 32GB Gray)||$155 credit||$204 cash|
|Galaxy S9 (Verizon 64GB Gray)||$135 credit||$174 cash|
|Galaxy Note 8 (Verizon 64GB Gray)||$110 credit||$175 cash|
|Galaxy S8 Plus (Verizon 64GB Black)||$110 credit||$135 cash|
|Galaxy S8 (AT&T 64GB Black)||$80 credit||$112 cash|
|Galaxy S7 Edge (Sprint 32GB Black)||$35 credit||$75 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!