How You Can Turn Your Junk Tech Into Extra Cash This Christmas

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MILLIONS of UK homes are full of unwanted tech that could be turned into much-needed cash for Christmas.

If you’re hoarding gadgets, now is the time to sell those old cell phones and laptops.

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There are an average of 20 unused appliances in every home, according to the Recycle Your Electricals campaign. Together they are worth £5.6billion, meaning each household could earn around £200 by dumping and cashing in.

Laura Shannon tells you how to get the best price for your gadgets. . .

COMPARE THE PRICES

THIS is important when trading in technology. Mobile phone sellers who settle for the lowest price on offer stand to lose an average of £87.

That’s according to Compare and Recycle, which lets you see what different companies will pay for your technology.

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Another site you can check out is CompareMyMobile.com.

Obviously, the newer a gadget is and the better its condition, the more you are likely to get.

An old iPhone can lose more than a fifth of its value within three months of the release of a new model, according to musicMagpie.fr.

The site’s Jon Miller says, “The longer you leave a device unused, the more it depreciates. Redeem it as soon as you’re ready to upgrade.

Antonia Hristov, Marketing Manager at Compare and Recycle, adds, “Too often value goes down due to poor battery condition, discolored screen pixels, or excessive wear and tear.”

Also, be honest about the condition of an item. Companies check it when they receive it, before reselling it. If you lie, you will probably get less money than you expected.

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TRY GADGET WEBSITES

A LOT of sites pay big bucks for old technology and simplify the process. These include musicMagpie, Envirofone, WeBuyAnyPhone, Money4MyTech and Phones2Pounds.

They erase data from your old devices, refurbish them and resell them. Many also accept broken or faulty items, although the price is much lower. Some offer free postage or collection.

You can get a quote online for your phone’s make, model, and condition. Once the firm has received and tested it, your quote is confirmed. If you accept it, you are often paid the same day or within 24 hours. If the tests suggest that the condition of the mobile is worse than what you said, the quote may be lowered. If you do not agree, your device will be returned to you.

Make sure everything you send is properly packaged, take photos of the item before posting, and maybe use tracked delivery.

SELL DIRECT

YOU can also try selling directly to customers through eBay and Facebook Marketplace. A quick sale is never guaranteed. There are also efforts to answer questions from buyers. But you might get a higher price.

Pack the items well and send them with proof of postage. It is also worth taking pictures of the devices before parting with them.

USE A HOLE IN THE WALL

SELLING your old gadgets could be almost as easy as using an ATM.

You can bring your phone to ecoATM kiosks – located in 53 UK cities, supermarkets and shopping centres.

When you drop off your mobile at the kiosk, the computer tests it on site and you get an instant evaluation.

If you are happy with the quote, payment is made to your bank account, usually the same day. If you are not satisfied, you get the phone back.

The machines accept any type of mobile, under all conditions, and the data is erased before the device is sold.

It’s convenient, but compare prices first so you don’t lose. Find your nearest ecoATM by visiting locations.uk.ecoatm.com.

MusicMagpie also has dozens of SMARTDrop kiosks across the country, mostly in major cities.

EXCHANGE IT FOR A CREDIT

SOME stores and mobile networks allow you to take back your old phone.

Currys and Carphone Ware-house offer the choice of cash or store credit. Argos and GiffGaff pay by bank transfer. Apple gives you credit, while EE offers either cash, credit, or a discount on your bill.

Bank transfers normally take between a few days and a week.

Payouts are often lower than on specialty sites. Sometimes you get more if you upgrade to a promoted product.

Carphone Warehouse is offering £250 if you trade in an Android phone – working or not – and buy a new Samsung Galaxy Z Flip4 or Fold4.

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WIN A CASHBACK BONUS

GET extra on a cashback website when you sell or trade in your phone.

Sites like TopCashback and Quidco pay out bonuses when you first buy with well-known brands through their websites.

Current deals with TopCashback include £5.25 for selling your old phone to Envirofone and 5.25% cashback with WeBuyAnyPhone.

Quidco also offers deals for sellers using musicMagpie and Console Trade In, for example.

“TWO LAPTOPS MADE £200”

INDEPENDENT Billy Gough sold two Lenovo laptops last year and made £200.

They were still working but had been well used and were about four years old.

The father-of-three, who works in IT sales and logistics, says the computers were ‘just cluttering up the place’, sitting in a drawer doing nothing.

He resells them to the specialized company Money 4 My Tech, which recycles or reconditions the gadgets. Payment can be made the same day the business receives the item – by check, wire transfer or PayPal.

Billy, 51, right, from Baldock, Herts, says: “The process was very easy.

“If you have old phones or laptops, you can make money selling them.”

‘HELPED FUND A NEW PHONE’

Viv Williamson, 38, from Sale, Greater Manchester, with her eight-year-old son Charlie sold her phone to musicMagpie using one of her SMARTDrop points at her local Asda.

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Viv Williamson, 38, from Sale, Greater Manchester, with her eight-year-old son Charlie sold her phone to musicMagpie using one of her SMARTDrop points at her local Asda.

Events manager Viv Williamson used a gadget kiosk to sell her iPhone 11 for £310.

Viv, 38, who lives in Sale, Greater Manchester, with her eight-year-old son Charlie, sold her phone to musicMagpie using one of her SMARTDrop points at her local Asda.

Before heading to the supermarket, she entered the make and model on the website and received an instant quote.

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After depositing it, she received the money via PayPal the same day, then used it to buy a refurbished Google Pixel phone – also via musicMagpie.

Viv, right, says, “It’s amazing how much you can get from your old technology.”

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