How To Sell Your Old iPhone

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It’s fast approaching that time of year again where thousands of people will be rushing to sell their old iPhones so they can make some cash back to buy the new iPhone 7, set to be unveiled in the first half of September. As usual, the new iPhone is set to have a host of new hardware and features–and there’s many people that won’t wait until the end of their contract to buy the new one.

Thankfully there’s a number of ways you can get rid of your iPhone now so you have the cash to splash on the latest and greatest from Cupertino. Below we look at the four best options for you.

How to sell your iPhone: Trade-in Sites

There are a number of trade-in sites that have sprung up in recent years catering to people who want to quickly offload their new iPhone in the most hassle free way. The two best known trade in sites are Gazelle and Mazuma. However, each site operates a bit differently.

Far and away, Mazuma  will give you the better price for your phone. For a 64GB unlocked iPhone 6 in “working” condition with no physical damage you’ll be offered about £350GBP. You then mail them your phone and once they receive and check it, they’ll pay you the money by cheque or bank transfer.

At Gazelle a 64GB unlocked iPhone 6s in “flawless” condition will get you $340USD (about £260). Now, as you’ll see from the options below, that’s a lot less than you’ll get from selling it on your own–but the value of trade-in sites lay in their no-hassle experience: you get a price and you sell your phone–done deal. If you like Gazelle’s price you ship them your iPhone, they’ll check it out, then they’ll either cut you a check, pay you via PayPal or via Amazon gift cards.

How to sell your iPhone: Amazon

If convenience isn’t that important to you, you can get a lot more selling your device through Amazon’s Seller Central. You’ll need to create a free seller account, but then you just list your iPhone for sale and confirm it’s condition. You set the price you want the buyer to pay. When someone buys your iPhone Amazon will send you an email. You’ll then need to package the phone yourself and take it to the post office to post it.

The main advantage of Amazon is that you can set the price. Amazon will end up taking about 10% in fees, but you still get a much better deal for your iPhone than you’d get trading it in. However there are some drawbacks: first, Amazon holds your funds for 14 days to make sure you actually deliver the iPhone to the buyer. This means if you need the cash quickly, Amazon isn’t the place to sell. Second, Amazon’s seller policies state that the seller is responsible for being able to prove the device was actually delivered to the buyer. For that reason it’s always good to pay extra for signed and tracked delivery–if you don’t–and the buyer says he didn’t receive the phone–Amazon will side with the buyer and you’ll be out your iPhone and the cash.

How to sell your iPhone: eBay

eBay is the oldie but goldie. Everyone knows how eBay works: people can bid for your iPhone or you can set a buy it now price. These two methods virtually ensure you’ll get a better price for your iPhone on eBay than at a trade in site, but there are some drawbacks too.

On eBay you’ll need to take pictures of your phone and upload them yourself. You’ll also be competing with hundreds if not thousands of other sellers. And just as with Amazon you must package and unsure the iPhone is delivered safely. But there’s one other drawback: when eBay and PayPal fees are taken into account you’ll end up losing almost 15% of your selling price in fees.

How to sell your iPhone: Gumtree

For those that don’t want to use a middleman site, Gumtree is the way to go. On Gumtree you just create a classified ad. Unlike trade-in sites and Amazon or eBay Gumtree doesn’t help with the financial transaction at all. You’ll place your ad, someone will respond. Hopefully that someone is honest and not a serial killer who will show up in your agreed meeting place and shimmy you in the throat with broken rebar.

I half-jest, but there are some very unscrupulous buyers and sellers on Gumtree, so it’s always best to proceed with a sale with caution. Most people won’t have problems, but just remember to agree to meet in a very public, well lit place and only accept cash.

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