For anyone hoarding old electronics in drawers and closets, now might be the time to cash in. Major retailers have rolled out trade-in programs that offer gift cards in exchange for used gadgets. While it’s not exactly a charitable endeavor—these companies often resell the devices for a profit—it can still be a win-win situation if you’re already a loyal customer or just looking to declutter. The key takeaway? Don’t let those devices gather dust, as the value of electronics drops faster than you can say “obsolete.”
Experts warn against the all-too-common habit of stashing unused electronics away for “later.” Electronics lose their value at a rapid pace, turning into little more than junk if left too long. Whether you decide to recycle, donate, or sell them through a retailer’s trade-in program, taking action sooner rather than later is crucial. Retailers offer the added perk of instant gratification—perfect for those who enjoy the ease of gift cards and frequently shop at their stores. If you’re ready to part with your old gadgets, here are some top trade-in programs and steps to take before handing them over.
Costco offers a trade-in program that provides gift cards for old Apple devices like iPhones, iPads, Apple Watches, and Macs, as well as other popular smartphones and tablets. After answering a few questions about the condition of your device on Costco’s website, you’ll receive an instant quote. If you accept the offer, you can ship the item using a free shipping label. Once Costco inspects the gadget, they’ll issue a gift card, either digitally within a couple of days or via mail in about a week. Just make sure the device is functional and not damaged beyond typical wear and tear.
Walmart’s trade-in program casts a wider net, accepting cellphones, tablets, laptops, wearables, gaming consoles, and even voice speakers. Damaged devices are also welcome, though they fetch a lower payout. The process is straightforward: visit Walmart’s trade-in website, provide details about your device’s condition, and get an instant offer. After shipping it off using a prepaid label, Walmart will issue an e-gift card once the device has been inspected. The convenience makes it a practical choice for regular Walmart shoppers.
Amazon also gets in on the trade-in action, offering credit for a range of items, including gaming systems, wireless routers, and smart home devices. On top of the trade-in value, participants can snag an additional 20% discount on select Amazon products. The process is simple—answer questions online about the condition of the device, ship it for free, and wait for the gift card. Amazon accepts both working and nonworking gadgets, with payment issued either instantly or after inspection. It’s an appealing option for anyone already immersed in Amazon’s ecosystem.
Trading in electronics not only clears out clutter but also offers a little financial incentive to upgrade or treat yourself. Whether you choose Costco, Walmart, Amazon, or another retailer, the process is relatively painless and often rewarding. Just don’t wait too long—those devices depreciate quickly, and the last thing you want is for them to become useless paperweights.
