If a person with a used phone wants to make money out of it, then there are two main ways of doing so. The first is to sell the item directly to an end user in the free market. They could post on their social media accounts or create a listing for local sellers. This will allow the public to know about their device and their asking price. People could message them and negotiate a deal. The second way is to find establishments that offer phone buy back and sell their device there. Many are opting for the latter because of the following:
Looking for buyers can take time. Most people already have their own phones and are pretty satisfied with these. Many prefer to purchase brand new devices. Even those who are willing to check out used phones may have their doubts so they will have a lot of questions that you will need to repeat with each inquiry. It can get tiring. Although you may be able to get a higher price this way, the stress and delays may not be worth it. Some will prefer phone buy back stores since these have efficient systems that enable fast transactions. If they like your unit, then you can walk out with cash within the hour.
When transacting with random individuals online, you have no idea whether they are serious with their intention or setting you up for a scam. Some sellers are uneasy with the thought of meeting potential buyers for unit inspections as they fear for their safety. There are some instances where the buyer just steals the unit and runs. They could also be given fake money or other fake payment schemes. In contrast, phone buy back programs are usually run by actual stores with good reputations. They can’t try anything bad because you can always report them to authorities.
The current rates of buy back establishments are often posted online or at their stores. You can talk to them to get a copy of the latest since these are updated frequently. Units generally depreciate with time so it’s best to complete the transaction as soon as possible. If you are not happy with the offer you received in one place, then you can visit another and see whether they can beat the price. You will get a feel for what’s reasonable and select the best deal available.