Verizon Trade in Contract
By: James Fitch
Sep 15, 2023

Verizon Trade-in Contract: What You Need to Know Before Trading in Your Device

Are you planning to upgrade your device and looking to trade in your old phone with Verizon? If so, you need to be aware of the Verizon Trade-in Contract that outlines the terms and conditions for trading in your device.

Verizon Trade-in allows customers to trade in their old phones, tablets, and smartwatches to receive credit towards a new device purchase or bill payment. However, there are certain guidelines that you need to follow to make sure that you get the maximum value for your device and avoid any penalties or charges.

Here are some important aspects to consider before trading in your device with Verizon:

Device Eligibility: Before trading in your device, Verizon requires that your device must be eligible for trade-in. This means that your device should not be damaged, have any cracks and scratches, or have any issues with the screen or buttons. Your device should also not be reported as lost or stolen, and the device must be deactivated from your account.

Trade-in Value: The trade-in value of your device depends on the make, model, and condition of your device. Verizon offers a trade-in estimator tool that can give you an estimated trade-in value of your device based on the information you provide. However, the actual trade-in value may vary based on the physical condition of your device.

Promotions: Verizon occasionally offers trade-in promotions that can help you get additional value for your device. These promotions can include bill credits, discounts on new device purchases, or other incentives. You should keep an eye out for these promotions and take advantage of them to get the most value for your device.

Trade-in Process: The trade-in process with Verizon is fairly simple. Once you’ve determined your device’s eligibility and trade-in value, you can ship your device to Verizon using a prepaid shipping label provided by Verizon. You’ll then receive credit for your device, which can be applied towards a new device purchase or a bill payment. The credit can take up to 2-3 billing cycles to show up on your account.

Contractual Obligations: It’s important to note that if you’re still under contract with Verizon, you may be subject to early termination fees or other penalties if you trade in your device before your contract is up. You should review your contract terms and conditions to understand the impact of trading in your device on your contractual obligations.

In conclusion, trading in your device with Verizon can be a great way to get value for your old phone while upgrading to a new device. However, it’s important to follow the guidelines outlined in the Verizon Trade-in contract to ensure that you get the maximum value for your device and avoid any penalties or charges.