Amazon recently upgraded their trade-in program to include electronics like Apple iPads, Android Phones, Digital Cameras and GPS Units. Previously the trade in program only offered movie, book, and game trade-ins for Amazon.com gift cards. The move puts Amazon in direct competition with companies like Gazelle or BuyMyTronics. While the gift card exchanges are actually handled by a third party merchant, Amazon acts as a drop-off point or middleman in the transaction. This is similar to how Gazelle has expanded their presence into stores like Office Depot.
According to an article by PCMag, Amazon is not allowing customers to exchange e-readers of any kind which includes the Kindle or Barnes & Noble Nook. It appears that by not accepting E-Readers into the trade in program, Amazon is attempting to avoid creating a secondary market around one of their top selling products. This is to ensure that people continue to buy new versions of the Kindle and not used models that they do not profit from.
How does Amazon.com Trade-In Work?
- First visit the Amazon Trade-In website and select your item.
- Depending on the item, model, and condition your payout will vary. Example – An Apple iPad 2 that’s in good condition has a value of $275.00.
- If you find the deal acceptable click continue and select the Free UPS drop off.
- Print the UPS shipping label, drop the item off at your local UPS store, and you’re done.
You can track the status of your trade-in from the Amazon.com website at any time. It’s a very nice feature to be able to track your package, especially when you are shipping something of high value. The entire process should take around 5-8 business days and you will receive an email from Amazon when the funds are deposited into your account.
I expect the electronics trade in program to continue to grow due to consumers desire for new technology and massive popularity of the Amazon gift card. If you have exchanged an item with Amazon for a gift card, leave a comment about your experience below and we will feature it in this post.