How to sell your Samsung Galaxy phone to get the best price
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How to sell your Samsung Galaxy phone to get the best price
Upgrading to a new smartphone is often an expensive endeavor, especially if you're buying the latest and greatest flagship that's just come out. Phone prices seem to go up every single year, meaning that the decision to go out and actually get that hot new phone doesn't come lightly.
There are some ways you can make a big purchase like this easier to approach, the most effective being that you sell your current phone so you have extra money for that big purchase.
Samsung makes some of the most popular smartphones on the planet, and today, we're going to assume you have one and are looking to upgrade it to a newer model. There are a couple of key ways to go about this, some resulting in you making more money than you would with others.
Without further ado, here are a few tips on how to sell your Samsung Galaxy phone and get the best price for it!
Right off the bat, we want to talk about Samsung's trade-in program. A lot of phone makers and carriers allow you to trade-in your current phone when purchasing a new one, giving you an instant discount or rebate on the final price. Some of these programs are better than others, and Samsung's happens to be one of the very best.
You traditionally make more money when selling your phone to someone else as opposed to trading it in directly with the company that made it, but Samsung continuously offers impressive trade-in rates that often compete quite well with current aftermarket prices.
In the example above, we're buying a new Galaxy S20 for just $499.99. It has a retail price of $999.99, but since we're trading in a Galaxy S10, we're saving $500. Even better, that discount is applied instantly and not given to you at a later date. When you go through the checkout process, your card is only charged $499.99.
Once the order is complete, and your new phone is delivered to you, you'll have 15 days from that delivery date to ship your old phone to Samsung to complete the trade-in. Samsung provides you with a free shipping label, too, meaning you aren't going to be out any money during this process.
To ensure everything goes as smoothly as possible, only use the trade-in program if your phone meets the eligibility requirements. This means that it needs to:
Assuming your device meets those bullet points, you should be able to use the service without any hiccups!
The amount of money you get for your trade-in depends on the model you have, and for the most part, Samsung is extremely generous with what it pays out. Here are the current rates as of July 2020:
Thanks to its great value and super simple user experience, Samsung's trade-in program is what we recommend most people use if they're looking to make some extra cash off of their old Galaxy when upgrading to a new model. That said, if you have a Galaxy phone and are looking to buy a new handset from a different company, you'll want to consider a third-party selling website.
There are plenty of options out there for places to sell your used phone, and before you decide which one to use, it's important to understand the differences between how some of the most popular ones work.
The first group of websites sees you selling your phone directly to another person. These sales can take some time and aren't guaranteed the way Samsung's trade-in program is, but you stand to earn the most amount of money with them. Swappa and eBay are among the most popular destinations for this, with Swappa getting the edge for being more user-friendly and having a distinct focus on mobile tech sales.
Selling on Swappa is dead simple. Fill out the information about your phone, indicate the condition it's in, your information as to where it'll ship from, and how much you're selling the phone for. Swappa is especially handy as sellers don't pay any fees to use the service. Instead, Swappa makes money by charging a small, flat-rate fee that the buyer pays when they purchase your phone.
For example, if you sell a Galaxy S10 with a list price of $420, you'll make $405 after the buyer pays a $15 fee. eBay has the edge of getting more visitors than Swappa does, but its 10% seller fee tends to eat up at your potential earnings a lot more.
Listing your phone on something like Swappa or eBay and just waiting for someone to buy it is a good call, but in most cases, it's not the fastest way to get rid of your phone and make some money. If you're willing to sacrifice some cash in favor of a guaranteed payment, check out services like Gazelle and UpTrade.
In this case, you're selling your phone to the company, which then sells it back to people shopping for used phones on their website. They act as a sort of middleman, but unlike Swappa or eBay, you're guaranteed to make the sale and get some cash.
Gazelle is currently offering $205 for the baseline Galaxy S10, with UpTrade paying a m…