Trade-in programs are common among big retailers like Best Buy and Amazon, but there's one ubiquitous icon in the American marketplace that has up until now not dipped its toe in the water of buybacks. You know it as Walmart. This week Walmart is launching a new program called "Gadget to Gift Cards," an online trade-in program that offers instant money transfers for used electronics.
Customers visit www.Walmart.com/gadgetstogiftcards to find out what their iOS devices and other hardware are worth. As a special incentive for the launch of the program, the company is running a promotion offering $225 for an iPhone 4S 64GB and $250 for the iPad 3 through August 25. Considering the best offer we could find on Gazelle for a used iPhone 4S 64GB was $210 for a "flawless" unit, this current trade in promotion could be attractive to some readers.
Of course, for less impressive models, the price is considerably lower. My iPhone 4S 16GB would only net me $82.50, and that money is delivered via a gift card that can only be used at Walmart.
All devices must be sent in within 10 days. When you confirm your order, Walmart sends you a free shipping label and instant e-card that's redeemable at any of the company's stores in the US or at Walmart.com, pending credit approval from BillMeLater. If the customer cannot pass the BillMeLater check, they will be paid when Walmart receives their device and verifies its condition.
The trade-in site is currently live. If you've been thinking about trading in your iOS device and need the cash, the current special offers for iPhone and iPad end on August 25.