10 Best Places to Sell Used Electronics: Money Making Tips

Last updated on 2 Nov, 2017 | 0 comments

best places to sell used electronics: money making tips

After every one or two years of buying a laptop or MacBook, we desperately keep searching for the best places to sell used electronics. It can also be used as one of the money making tips in modern days. Hence, this article is the one that you were looking since ages. Not because the previous one stopped working but sometimes just because of the sake of improved technologies available in the latest versions. So, if you can sell electronics for cash, so why not make the most of it?

Best Places to Sell Used Electronics

If you wish to get rid of your used old gadgets and searching for best places to sell used electronics, this blog may guide you through. Previously, you had to make multiple decisions just to create a new eBay listing. Now the process of listing an item for sale, or getting a quote, often takes only a few minutes, and many more options exist than ever before. So, as a money making tips, here are the 10 best places to sell used electronics available and make the best deal out of it. Either you sell old electronics or sell old phones, these sites are amazing.

1. Gazelle

Gazelle is the right place to sell old phones, tablets and Macs and makes to the top of my best places to sell used electronics list. You tell the site what you have to sell, it gives you a price, and then you ship it off to Gazelle for free. The site will even send you a box. It pays via PayPal, Amazon Gift Card or by cheque.

This summer, Gazelle began to offer self-service kiosks where you can drop off items for instant cash, though the price you receive is “a bit lower” than what you’d get otherwise, according to the company. Kiosks can also be hard to come by; I couldn’t find any when I searched in New Delhi, India.

What you get in ease of use with Gazelle, you might give up in cash. For example, my 2014 MacBook Air, in flawless condition, netted me an offer of only $305.

2. eBay

This is one of the best places to sell used electronics. Online auction site eBay has been a popular place to sell used electronics for years, thanks largely to its active user base of 165 million members, as estimated by Statista. In recent years, eBay made it easier to list items for sale. You can sell old electronics, start by searching for your item, and eBay recommends an auction format based on previous sales.

In some cases, the site even gives you a price guarantee if you use its recommendations. With my 2014 MacBook Air, for instance, eBay recommended a 7-day auction with a starting price of $372 and a price guarantee of $519.

However, you need to pick through a lot of fine print related to eBay’s price guarantee for laptops, cell phones and other gadgets.

To list items for sale, you also have to upload photos, add descriptions and decide on shipping options. eBay estimates shipping costs for you, or you can add your own fees if you know the package size and weight.

Unfortunately, eBay’s fees can add up quickly. For example, if I received $519 for my MacBook Air, the seller’s fees would total $53.40 (the least expensive option).

And that doesn’t include PayPal’s cut if the buyer used that payment option. eBay’s fee calculator can provide a good idea of the costs you’ll pay. Steep fees aside, eBay’s massive user base often makes it a quick way to sell unwanted tech.

3. Facebook Marketplace

Facebook Marketplace was launched in October 2016. Since then it is an outgrowth of the buying and selling that happens in Facebook Groups. According to this pioneer social network company, there are more than 450 million people using groups on Facebook for buying or selling ever since.

The idea behind Marketplace is to enable commerce between individuals within the same local communities while removing some of the uncertainty of third-party sites.

After all, if you can see a seller or buyer profile on Facebook, you’re more likely to be comfortable doing business with that person. Payments are made through Facebook or any other method sellers and buyers agree on.

The service isn’t perfect, though it worked well to sell old electronics. The marketplace is currently a part of the Facebook smartphone app. It’s also only available in the United States, United Kingdom, Australia and New Zealand. You can’t rate buyers or sellers, and it doesn’t work with Pages, only personal accounts.

Also Read: Best Place to Sell Used Books

4. Amazon

Amazon (mostly) makes it easy to sell your stuff and probably one of the best places to sell used electronics.

When you visit a product page for an item you want to sell, you may see the words “Have one to sell?” along with a “Sell on Amazon” button. You can hit that button, and with only a few more clicks, you can list your product.

I’ve sold lots of tech on Amazon, and overall, I recommend it for the ease of use and transparency in fees you pay. However, I have a few caveats. For starters, you may not find the product you want to sell in Amazon’s database.

My first-generation, 42mm silver stainless steel Apple Watch with black sports band, for instance, was not listed when I first tried to sell it.

As of early November, Amazon extended its auto-returns policy to third-party sellers. Returns requested within Amazon’s designated return period are now automatically authorized.

In theory that reduces the time sellers spend processing returns, but it also means they can’t easily withhold refunds or charge restocking fees if a product is returned damaged. In such situations, sellers must appeal to Amazon.

The new return policy for third-party sellers hasn’t caused a drastic increase in returns, Amazon told CNBC.com. However, one seller quoted in the article said automated returns “are really going to send shockwaves” through the third-party seller community.

5. Swappa

Swappa is worth a look if you want to sell old phones. Sellers pay no fees, though they do have to pay all applicable PayPal fees if a device sells. (All sales on Swappa go through PayPal.)

Sellers also need to roll shipping costs into the asking price. Buyers pay Swappa a fee based on the sale price, and those fees range from $5 to $35.

It’s easy to create a new listing on Swappa. First, you write a headline and description, and then answer a few questions, set a price — based on what Swappa suggests or setting your own amount — and post a few photos.

Swappa then provides a bar chart to show price fluctuations for your device over time, which is helpful when trying to set a fair price. For my MacBook Air, Swappa suggested $645.

Swappa lets you sell old electronics and mobile devices, including smartwatches and VR headsets, as well as smartphones, tablets, Chromebooks and Mac laptops. It does not, however, accept listings for Windows laptops.

6. Alibaba

Alibaba gives you fast quotes for a variety of digital devices, including video game consoles, portable speakers, action cameras, and wearables from Fitbit and Samsung.

You can sell old electronics including laptops from Acer, Asus, Dell, HP, Lenovo, Samsung and Toshiba, along with Mac notebooks. The service pays via PayPal or check. It also pays for shipping. But in my tests, offers were low; my MacBook Air got me an offer of only $280 on Alibaba.

Also Read: Top 10 Countries Using Digital Payment Platforms

7. OLX

OLX is a website and mobile app designed to help people in the same neighborhood or city sell electronics for cash, similar to Facebook Marketplace. Using the app, it’s very easy to create new listings. You just take one or more photos, write a brief description and set a price. That’s it.

Buyers and sellers communicate using the app and then meet offline to close transactions. People can use the payment methods of their choice, though OLX’s site says most sellers prefer cash.

8. OfferUp

If you wish to sell old electronics OfferUp is a worthy contender, an online service and app that recently received funding from PayPal co-founder Max Levchin. Like eBay, OfferUp’s scope is broad, with categories that include antiques, auto parts, and cars and trucks, as well as computers.

Though the site is not very old, yet it makes to my list of best places to sell used electronics. The site emphasizes local transactions, and its listings are either auction-style or fixed-price. OfferUp currently does not charge buy or sell fees.

Buyers and sellers create profiles. OfferUp then validates users’ identities via a provided state-issued ID and Facebook profile. And in some markets, buyers can pay for items using the OfferUp app.

9. letgo

Whenever you want to sell old electronics locally letgo, an online service and app with a Pinterest-like interface, is a good option. One thing that sets letgo apart from OfferUp, Close5 and others is its ability to create “Hollywood-style ads” for your items. The company currently does not charge buy or sell fees.

10. Quikr

If you want to sell old electronics, Quikr is a good option to try out. I’ve had both good and bad experiences on Quikr. For example, I recently sold one of my uncle’s car on the site. I was honest about the expensive repairs the car needed, including a new transmission, and I listed the car accordingly at a low price.

Within one hour of picking up the vehicle, the buyer posted it for sale again on Quikr — at a much higher price and without any mention of its significant mechanical issues.

 

Though it may not be treated as the best places to sell used electronics, yet Quikr also has many good attributes for buyers and sellers. It’s free to use, for instance, and the site offers a huge potential marketplace, depending on the size of your local community, of course.

But you should be cautious about the types of payment you accept and read Quikr’s terms and conditions page before getting started.

Also Read: 5 Sites that Can Make You Internet Entrepreneur

CONCLUSION

Now I’d like to point out here that I’m not talking about selling broken electronic goods, just an old one. While there are people out there who are looking for your broken laptop, it’s not quite as large a market as the used electronics market. So, go for selling those old technologies and get hold to a new one.

If you find this article informative, please leave us a comment and share it with your friends. If you have any queries regarding selling an electronic item please comment below.