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 11/01/19).

iPhone XS Max (Verizon 64GB Gray)$486 credit$536 cash
iPhone XS (Verizon 64GB Gray)$380 credit$463 cash
iPhone XR (Verizon 64GB Gray)$320 credit$347 cash
iPhone X (Verizon 64GB Gray)$300 credit$363 cash
iPhone 8 Plus (Verizon 64GB Gray)$230 credit$294 cash
iPhone 8 (ATT 64GB Gray)$165 credit$207 cash
iPhone 7 Plus (Sprint 32GB Black)$150 credit$148 cash
iPhone 7 (T-Mobile 32GB Black)$80 credit$107 cash
Galaxy S9 Plus (Verizon 32GB Gray)$180 credit$210 cash
Galaxy S9 (Verizon 64GB Gray)$150 credit$189 cash
Galaxy Note 8 (Verizon 64GB Gray)$120 credit$190 cash
Galaxy S8 Plus (Verizon 64GB Black)$115 credit$155cash
Galaxy S8 (AT&T 64GB Black)$80 credit$119 cash
Galaxy S7 Edge (Sprint 32GB Black)$45 credit$80 cash
Galaxy S7 (T-Mobile 32GB Black)$35 credit$60 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:

  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)

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 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?

A complete guide to phone selling options 2018 (local, online, marketplace & more)

Related Help

> AT&T trade-in program review: Good deal or not?
> Phone trade-in program showdown: Verizon VS T-Mobile
> iPhone trade-in showdown: Flipsy VS Verizon, AT&T, T-Mobile & Sprint
> Gazelle Review: Trust or Not?
> Sprint trade-in program: Fast money or bad deal?



FREE MONEY: The average household has $265 worth of old gadgets.