With the rapid advancement of technology old phones are either sold or disposed of. There are many platforms available that take your old device and pay for it. With all these things happening around you, have you ever wondered about why and who pays for old phones? There are various programs for it. You have multiple options, and each option has its own pros and cons, which one is best for you is entirely dependent on your preferences and priorities. In
this article will explore different options for selling your old phone and find who pays for the old one.
Also Read: How to Maximize Returns When Selling Your Old Phone
Traditional Method
This method has existed for a long time in which the seller sells the phone directly to the buyer. In this, no medium of exchange is included and the whole process is carried out by the buyer and seller with their own terms and conditions.
Advantages of using this method:
Flexibility: This method is a little flexible as there are only two persons involved, so the process can be completed by agreeing to one person’s terms and conditions. Since it involves only two people, conveying can work here.
Negotiation: The biggest advantage of this method is the negotiation. This method allows both the person to negotiate, and the conclusion can be drawn. The decision as to the final benefit depends on the skill of the negotiator. In this, there is a possibility that either the buyer or the seller can have the final benefit.
Disadvantages of the traditional method:
Time-consuming: The time taken to conclude this process is higher than expected. First, you need to find a seller and then finalize the transaction. So, it turns out to be consuming and is not chosen by someone who has no time to invest in it.
Trade-in-programs: Trade-in programs is the modern way to sell your old device. In this you get the compensation, or you can say store credits which get utilized in new purchases. For example- you are using a Samsung phone and want to upgrade to a newer Samsung, so Samsung will take your old
device and offer you a value as compensation and that value will be utilized in the new Samsung purchase. So, if your new Samsung phone costs 50,000 and the older one has a compensation value of say 4000 now you need to pay Rs. 46000.
Advantages of Trade-in-programs
Courage to purchase a new device: Since it gives immediate compensation and also the actual value gets reduced by some amount, so the buyer gets the motivation as they are saving something because the value of their old device will further reduce.
Not a hectic process: This process is a hassle-free process as you don’t have to worry about finding a seller and then going for negotiation, you just need to tell the model and condition of your device. Accordingly, they will offer you a price and you will receive all the details regarding it.
Disadvantages of Trade-in-Programs
Low compensation: Through Trade programs, you get a low value than expected. These programs do offer a hassle-free process, but the value received from them is not up to a fair benchmark. So if you are fine with any compensation and just want to waive off your old device then this method works fine for you.
Condition Requirements: These programs will only take your device if its condition is meeting certain benchmarks. If your device is unable to do so then your device will not be considered in these trades-in-Programs.
Selling through an Online Platform
This is again a modern method of selling your old device. There are many online platforms that are working on this and provide a good value for selling your phone with them. Now you must be thinking why and who pays for the old phones in this method. So if you find a trusting platform then they usually convert these devices into refurbished devices or if the device is dead
then also they take it for a value greater than that of E-waste and dispose of it sustainably. However, you have to find a really trusted and committed environment site, because only they complete all these promises.
Advantages of selling through Online Platform
Higher Price: Selling through the online site can let you have a potential higher price. Selling your phone here will surely give you a higher price than trade-in-programs.
Dead Phones: There are many buyback sites that take dead devices also. The price offered here is less for obvious reasons.
Convenience: There are online sites that provide free doorstep pickup of your device, saving you a lot of time.
Disadvantages of selling through Online Platform:
Possibility of Scams: Scams are prevalent if not chosen a reliable platform. Many scams are going in the marketplace, so you need to be vigilant enough while selecting a buyback service.
Scope of Negotiation: There is only one price reflected based on the condition, model and brand of the phone. Though the price offered is fair and high, it does not offer any scope of negotiation. The reflected price is the final price in these cases.
Why Choose Cashify-a Online Platform for Selling purpose
Cashify is a trusted platform in the field of selling and buying phones. It is a long team player in this field and Cashify is also a certified platform. Cashify has established the trust of people through quick and fair valuation, free doorstep pickup, 100 percent data security, sustainable disposal or conversion into refurbished devices, and instant payment by your preferred method. All
these services make this platform stand out among various online platforms.
Also Read: 5 Benefits of Selling Your Phone through a Certified Reseller
Steps to sell on Cashify
- Visit the official website of cashify or download the app from the Play Store.
- Head towards the sell phone section.
- Select the brand And model you want to sell.
- Take the assessment so that Cashify knows the real condition of your phone
- After the assessment Cashify will give you an instant quote.
- If satisfied with the price quote, you can schedule the pickup.
- Once verified by our pickup agent, you will get an instant payment.
Conclusion:
By proper research, maintenance of the device you can easily get the required price for your device. This article majorly focuses on who pays for old phones and why they buy the old device. So, to avail this benefit you have multiple options lined up, whichever suits your condition and need you can go with that
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