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 02/08/19).
|iPhone X (Verizon 64GB Gray)||$395 credit||$535 cash|
|iPhone 8 Plus (Verizon 64GB Gray)||$365 credit||$414 cash|
|iPhone 8 (ATT 64GB Gray)||$290 credit||$312 cash|
|iPhone 7 Plus (Sprint 32GB Black)||$205 credit||$235 cash|
|iPhone 7 (T-Mobile 32GB Black)||$135 credit||$174 cash|
|iPhone 6s Plus (Verizon 16GB Gray)||$175 credit||$169 cash|
|iPhone 6s (Verizon 16GB Gray)||$130 credit||$111 cash|
|Galaxy S8 Plus (Verizon 64GB Black)||$210 credit||$216 cash|
|Galaxy S8 (AT&T 64GB Black)||$160 credit||$230 cash|
|Galaxy S7 Edge (Sprint 32GB Black)||$95 credit||$127 cash|
|Galaxy S7 (T-Mobile 32GB Black)||$65 credit||$100 cash|
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)
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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