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EBay wants to help you land a Verizon iPhone by offering cash for your old smartphone

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Interested in picking up a shiny new Verizon iPhone 4 in the coming weeks? Well, if you’re unsure about what to do with your current smartphone, eBay would like to help. Earlier this week, the online auction site launched a two-week promotion as part of its Instant Sale service that offers cash for smartphone trade-ins.

EBay is offering a “$200.00 minimum cash guarantee” to people who trade-in an iPhone 3GS, an iPhone 4, a Motorola Droid X, a Samsung Galaxy S Vibrant or a HTC Evo 4G. Users willing to part with a 16GB iPhone 4 can earn up to $400 and over $500 for a 32GB iPhone 4. Those prices were only offered for fully functional, non-broken devices rated in excellent condition.

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On its website, eBay claims that AT&T iPhone 4 users interested in jumping to Verizon can earn “enough to cover not only your new phone and your termination fees, but your new accessories as well.”

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EBay isn’t the only option for those looking to trade-in their smartphones. Best Buy and Verizon are both offering similar programs. However, at the moment, eBay’s Instant Sale seems to offer the best deals. For example, for a 32GB iPhone 4, Best Buy’s online trade-in service offers $217, or $337 in gift card value. And Verizon’s trade-in program currently offers $265 for the same phone.

EBay will also take non-functioning or damaged devices off of your hands for you, too — just don’t expect anything close to $200. The Instant Sale service offers free shipping and free data removal and the smartphone trade-in offer runs until February 22.

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Aemon Malone
Aemon Malone
Former Digital Trends Contributor
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