Technology is progressing faster than it ever has in human history.
That state of the art tablet you got a few years ago?
It was made obsolete a few months after you bought it.
Now, it’s collecting dust in your bedside dresser.
Smartphone technology gets upgraded at a similarly rapid pace.
That’s why retailers participate in electronics buy back.
Electronics buy back gives consumers the opportunity to sell back their aging gadgets for some kind of reimbursement.
This is usually in cash, gift cards, or store credit.
What Can an Electronics Buy Back Offer Me?
Even though your old electronics are relatively useless, many retailers are willing to pay for them.
They’re willing to pay big, sometimes in cash.
Even phones released half a decade ago can yield some money.
Why is that good news?
Because some electronics are so expensive.
It can be good to get some money back for them so you offset their initial cost.
The money you receive from electronics buy back can also be put towards a new gadget.
But be vigilant.
The longer you wait to sell your electronics, the less they will be worth.
A smartphone that is one generation older than the latest model can still be worth a ton.
It is likely that stores are still selling the older model, and engineers still have the parts and expertise to perform maintenance.
The more outdated the smartphone is, the fewer resources there are to keep it running.
This inherently decreases its value.
Many smartphones also have frequent software updates.
Older phones become increasingly incompatible with these updates.
After a while, the technology is so outdated that retailers determine there is no market for them.
So although the 1st generation iPhone you have can still make calls, it likely has very little value in a resale market.
People want as close to the latest and greatest they can get.
It’s not easy for some people to part with their electronics.
After all, as stated before, electronics are a pricey investment.
It can be difficult to muster the strength to turn these gadgets in.
But you have nothing to lose, and everything to gain.
The reality is that you may be able to get a large payoff from these electronics.
If you choose not to sell, their value will depreciate until it becomes nothing.
Also, the environmental impact of reselling your electronics cannot be understated.
The more used phones there are, the less valuable resources have to be utilized for new phones.
As you can see, there are certainly more uses for an outdated phone than sitting in storage.
So why second guess yourself?
Earn Cash Immediately!
Even though the electronic landscape is changing drastically, we should use it our benefit.
Advancements are made so quickly that recently purchased electronics are almost instantly old-fashioned.
But because there is very little time between models released, they are still worth something.
Don’t let your old electronics go to waste.
Get paid today!
For any questions or concerns, or for more information, leave a comment below.