Amazon has introduced a new program that allows customers to trade-in electronics, books, DVDs, Blu-ray discs, and video games. The electronics category includes items such as cellphones, MP3 players, digital cameras, standalone GPS navigators, tablets, and even calculators. After selecting an item to trade in, users can print a free shipping label and receive a gift card after the item is verified.
Like many of Amazon's sales promotions, the retailer is currently offering "Trade-In of the Day" items that receive extra valuation. The 16GB iPhone 3GS is one of the daily specials, with a trade-in value of up to $235. The original 8GB iPhone is paired with an $86 quote, while the 8GB iPhone 3G can receive up to $118.
Amazon appears to be competing with several other popular trade-in services, including Gazelle and NextWorth. For the 16GB iPhone 3GS -- valued at $235 through Amazon on Wednesday -- quotes from Gazelle and NextWorth only reach $187 and $116, respectively.