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Walmart debuts smartphone trade-in program

Dave Caolo , @davidcaolo

Attention, Walmart shoppers! You may now trade your old iPhone in for credit towards a new smartphone. The company's executive V.P. of general merchandise, Steve Bratspies, told ABC News that customers can expect to receive some where between US$50 and $300 in credit in exchange for older, working smartphones.

Non-working phones will not be accepted, so keep that 4S that fell into the fish tank at home. Also, customers taking advantage of this offer must sign up for a two-year contract with AT&T, Verizon or Sprint while at the store, or one of Walmart's own prepaid plans. But you saw that coming.

Bratspies wouldn't commit to exact numbers, but suggested that a customer with a working, 16 GB iPhone 5 in good condition could expect to receive $300 in credit, which is similar to what Apple is offering.

Unlike Walmart's "Gadgets to Gifts Cards" program, which let users trade their electronics online for gift cards, the new program is handled inside Walmart stores.

In this article: iPhone, retail, sales, walmart

For six years, Dave worked as the IT Director of a Mac-friendly, residential school in rural Massachusetts and has been writing for the Web professionally since 2001. Today, Dave is an editor at TUAW where he's blogged since 2004. He's also the author of two books from FT Press: Using Your iPad as a Business Productivity Tool and Using Your iPhone as a Business Productivity Tool.

Dave believes that technology has the power to improve our life at its most important moments, and explores that conviction every day. 

A native of Scranton, Pa (Yes, just like on The Office), Dave moved to Cape Cod, Ma in 1994. When he's not writing, Dave can be found kayaking, rooting for the Boston Red Sox and spending time with his wife, two kids and Boston Terrier, Batgirl.