Unknown to many, there are many different ways to sell your old and unused mobile phones. The most common places where you can sell them are traditional brick and mortar stores, instant purchase websites, and online marketplaces. Below are the detailed pros and cons of each portal.
1. Brick and Mortar Stores
With brick and mortal stores, you can either visit a physical store or get a quote online prior. By selling through these stores, all you need to do is to have the actual phone with you, have it appraised, and then receive the cash equivalent of its value. It’s one of the simplest and most straightforward way to sell your phone if you need instant cash.
2. Instant Purchase Websites
These types of sites let you sell your old phone by describing its physical condition, and then provide you with a quote. Then you will be asked to ship the device, which they will typically pay for. Once received, the item will be tested, and if it passes the requirements, you will be sent the agreed amount. One popular website that purchases old electronics is Gazelle.
3. Online Marketplaces
Online marketplaces can be anywhere from social media sites such as Facebook, bidding sites such as eBay, or listing sites such as Craigslist. With online marketplaces, you can create a listing of your item for free, and then interested buyers will try and contact you to offer you their best prices. You can also include your asking price and it’s up to buyers to buy it outright, or put up the item on an auction.
Brick and Mortar Pros
Fast cash. If all you want is to take your cash as soon as possible, without having to worry about shopping around, then you could benefit from instant selling. You simply show or describe your phone’s condition, receive a quote for it, bring or send your phone, and then get your cash. You don’t need to wait for an interested buyer or wait for your phone to undergo performance checks.
Easy and hassle free. Instant selling your phone can help you get rid of all the complications. You don’t have to fear scam buyers or, wait around until someone becomes interested in your asking price. Furthermore, if you sell to a traditional brick and mortal store, you don’t have to stress over packaging your phone. You simply bring it and get a quote right there and then, and decide whether to accept the offer or go somewhere else.
Brick and Mortar Cons
Less money for your phone. When you sell your phone to these companies, you are basically selling to middlemen who will in turn sell your phone to other customers for a higher price. Of course, this will save you from the difficulty of finding a buyer yourself, but this means you won’t be able to take much cash out of the actual value of your phone compared to making direct transactions to the actual buyer.
Instant Purchase Sites Pros
Solid reputation. These instant purchase websites have a reputation to protect, and over the years, they have established excellent customer care and support. By selling to these websites, you can avoid the risk of dealing with bogus buyers.
Free shipping. Though you’d have to pack your item, the company typically will send you a box for it and they’ll pay for the shipping.
Instant Purchase Site Cons
Waiting period. When selling to instant purchase sites, you’d have to wait for the item to be shipped and tested, and there’s no guarantee that your phone will pass the company’s requirements.
Less cash. You might not be able to get the best value out of your phone as compared to selling directly to another person, who’s willing to overlook a few minor scratches.
Online Marketplace Pros
Get more cash. By using an online marketplace, you eliminate the middleman’s cut. You can deal directly with a buyer and then get the most money out of your phone, sometimes even more than what others would tell you.
Filter your preferences. By using online marketplaces such as Craigslist or eBay, you can modify your listing based on your preferences, so that offers that don’t match your qualifications could be easily turned down. The best thing about it is that you don’t even need to approach potential buyers one by one, because they will all come to you.
Online Marketplace Cons
Presence of risks. Unlike selling instantly to companies with a well-established reputation, selling your item online runs the risk of dealing with potentially scam buyers. There’s the possibility that you won’t get paid, even if you dealt with a buyer that has good feedback. Another risk when selling through an auction site like eBay is when no one competed with your opening bid, you will be left with no choice but to sell to the highest bidder, no matter what the price is.
Waiting period. Posting your item in an online marketplace doesn’t guarantee you a buyer. It might take a while before someone becomes interested with your item, or no one may become interested at all. This option can only be beneficial if you don’t need the cash right away.