MILLIONS of UK homes are full of unwanted technology that could be turned into much-needed Christmas cash.
If you hoard gadgets, now is the time to sell off those old cell phones and laptops.
There are an average of 20 unused devices in every home, according to the Recycle Your Electricals campaign. Together they are worth £5.6bn, meaning each household could make around £200 from clearing out and redeeming.
Laura Shannon explains how to get the best price for your gadgets. . .
THIS is important when dealing with technology. Mobile phone sellers who settle for the first price they are offered are likely to lose an average of £87.
That’s according to Compare and Recycle, which lets you see what different companies will pay for your technology.
Another site you can check is CompareMyMobile.com.
Obviously, the newer a gadget and the better condition it is in, the more you are likely to get.
An old iPhone can lose more than a fifth of its value in the three months after a new model is released, according to musicMagpie.co.uk.
The site’s Jon Miller says, “The longer you leave a device unused, the more it degrades. Replace it as soon as you’re ready to upgrade.”
Antonia Hristov, head of marketing at Compare and Recycle, adds: “All too often the value drops due to poor battery health, pixel discoloration on the screen or excessive wear and tear.”
Also, be honest about an item’s condition. Companies check it when they receive it, before selling it on. If you lie, you will likely get a lower amount than you expected.
TRY GADGET SITES
MANY sites pay good money for old technology and make the process easy. These include musicMagpie, Envirofone, WeBuyAnyPhone, Money4MyTech and Phones2Pounds.
They wipe your old devices of data, refurbish them and resell them. Many also accept broken or faulty items, even if the price is much lower. Some offer free shipping or pickup.
You can get a quote online for the make, model and condition of your phone. Once the company receives and tests it, your quote is confirmed. If you agree, you’ll often get paid the same day or within 24 hours. If tests show that the phone’s condition is worse than you said, the quote can be lowered. If you do not accept, your device will be returned to you.
Make sure everything you send is properly packaged, take pictures of the item before you post and maybe use tracked delivery.
YOU can also try selling directly to customers through eBay and Facebook Marketplace. A quick sale is never guaranteed. There is also effort to answer questions from buyers. But you can get a higher price.
Package goods well and send with receipt for postage. It is also worth taking photos of devices before parting with them.
USE A HOLE IN THE WALL
Selling your old stuff can be almost as easy as using an ATM.
You can take your phone to ecoATM kiosks – spread across 53 UK cities, in supermarkets and shopping centres.
When you leave your mobile in the kiosk, the computer tests it on the spot and you get an immediate assessment.
If you are satisfied with the quote, the payment is made to your bank account, usually on the same day. If you are not satisfied, you will get the phone back.
The machines accept all types of mobile phones, in any condition, and the data is deleted before the device is resold.
It’s convenient but compare prices first so you don’t lose out. Find your nearest ecoATM by visiting locations.uk.ecoatm.com.
MusicMagpie also has dozens of SMARTDrop kiosks around the country, mostly in big cities.
TRADE IT IN FOR CREDIT
SOME shops and mobile networks allow you to trade in your old handset.
Currys and Carphone Ware-house offer a choice of payment or store credit. Argos and GiffGaff pay by bank transfer. Apple gives you credit, while EE offers either cash, credit or a discount on your bill.
Bank transfers normally take between a few days and a week.
The payouts are often lower compared to specialist sites. Sometimes you get more if you upgrade to a promoted product.
Carphone Warehouse is offering £250 if you trade in an Android phone – working or not – and buy a new Samsung Galaxy Z Flip4 or Fold4.
EARN A CASHBACK BONUS
GET extra from a cashback site when you sell or trade in your phone.
Sites like TopCashback and Quidco pay bonuses when you shop with well-known brands through their websites first.
Current offers with TopCashback include £5.25 to sell your old phone to Envirofone and 5.25 per cent cashback with WeBuyAnyPhone.
Quidco also has offers for sellers who use, for example, musicMagpie and Console Trade In.
“TWO LAPTOPS Made £200”
SELF-EMPLOYED Billy Gough sold two Lenovo laptops last year and made £200.
They still worked but had been well used and were around four years old.
The father of three, who works in IT sales and logistics, says the computers were just “cluttering the place”, sitting in a box and doing nothing.
He sold them to specialist company Money 4 My Tech, which recycles or refurbishes gadgets. Payment can be made the same day the company receives the item – via check, bank transfer or PayPal.
Billy, 51, right, from Baldock, Herts, says: “The process was very simple.
“If you have old phones or laptops, you can make money by reselling them.”
‘HELPED FUND NEW PHONE’
EVENTS boss Viv Williamson used a gadget kiosk to sell her iPhone 11 for £310.
Viv, 38, who lives in Sale, Greater Manchester with her eight-year-old son Charlie, sold her phone to musicMagpie using one of its SMARTDrop points in her local Asda.
Before going to the supermarket, she entered the make and model into the website and got an instant quote.
After dropping it off, she received the money via PayPal the same day, then used it to buy a refurbished Google Pixel phone – also via musicMagpie.
Viv, right, says, “It’s surprising how much you can get out of your old technology.”