News by Andrew Kameka on Tuesday September 10, 2013.
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Add Walmart to the list of companies offering customers a chance to turn in their existing phones and receive a financial credit to use towards upgrading to a new smartphone. The largest retailer in the U.S. has been expanding its prepaid and postpaid wireless options in stores, and it today announced a new trade-in program that will make upgrading to a new device more affordable.
As Apple prepares to launch a new iPhone later this month, Walmart announced its Smartphone Trade-In Program in partnership with CExchange that kicks of September 21. Consumers will bring their existing phones to Walmart, where CExchange will assess the phone's value and offer $50 to $300 depending on model and condition. The value will then be available to use towards purchasing a new smartphone on contract or paying full retail price for off-contract use. A pristine smartphone will typically earn a little less than half of its new retail value, so an iPhone 5 in good working condition can net its owner $300. The credits can be applied to phones for AT&T, Verizon, Sprint, or Straight Talk.
Andrew is MobileBurn.com's managing editor. He is based in Miami, Florida.