Disclaimer

This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Sunday, December 7, 2008

Money For Your Old Cell Phone

Posted By Paul

A while back I heard of a web page that lets you trade in old cell phones and iPods for cash.

The page is:

http://www.flipswap.com/

Conveniently I had two old cell phones that were just sitting in my desk drawer collecting dust.

I went online and found out that I could get about $15 for both cell phones. I decided to give it a try.

I registered and traded in both phones. The registration was easy, and the trade in process consisted of a page where you told them the model of your phone and answered some basic questions about its condition. Based on that info they tell you how much they will give you for it.

Then it was an easy thing to print out a mailing label from their page. I taped the label on the envelope and dropped it in the mail.

It took about a month to go from dropping the envelope in the mail to actually getting my payout (I chose an option of getting Amazon store credit since I figured that would save me some time since I wouldn't have to wait for them to print and mail a check).

So I got rid of two cell phones I had no use for, and made about $15 (minus the cost of the envelope).

Overall the process was very cool. I received emails from flipswap when my phones were received and inspected. My only complaint is that once I got the "received and inspected" email I was not sure how to actually get my Amazon credit. I waited a week to see if I would receive an email gift certificate, but nothing. I was about to email their tech support when I discovered that by checking the status of my Flipswap trade I could see an Amazon gift certificate code that gave me my credit.

In addition to cash or Amazon credit you can also choose to donate your money to charity.

Some phones don't have enough resale value to justify a payout and those only give you the 'plant a tree' option where Flipswap recycles the phone and plants a tree.

Overall I would highly recommend Flipswap. Instead of having your old phones sit in a drawer you can trade them in for cash or at the very least recycle them.

2 comments:

Matt said...

Nice find Paul.

Just one reminder that I've mentioned before (see http://frugalize.blogspot.com/2008/04/telecom-2008-part-two-cell-phone.html)...it's not a bad idea to keep an old cell phone around as a backup in case your current one gets stolen/lost/damaged.

Robert said...

BTW: flipswap sends out payments on the 5th and 20th of the month, so when you get paid depends on which one rolls around next after your phone is inspected and accepted.