Oct 22, 2018   SOURCE: PR NewsWire

eBay Launches New Program for Consumers to Instantly Sell Their Smartphones

SAN JOSE, Calif., Oct. 22, 2018 /PRNewswire/ -- For consumers looking for the quickest and easiest way to sell their unwanted smartphones with instant gratification, eBay has announced the launch of eBay Instant Selling. The new program allows consumers to sell their devices and get paid instantly with an eBay voucher, without having to manage the selling process. The entire process takes only a matter of minutes, from start to payment.

Instant Selling removes time spent waiting for their device to sell with a new option to receive instant payment in the form of an eBay voucher once the phone is listed. Standard smartphone trade-in providers typically offer 40 to 50 percent off the average market selling price, while eBay provides a higher return - up to 40% higher than trade-in values, on average(1).

A recent study(2) commissioned by eBay found that while a majority of Americans (61%) have never sold or traded in a smartphone they no longer use, 2 in 5 (40%) have two or more unused smartphones currently in their home. That could equal potentially hundreds of dollars left on the table which could be applied toward a new device upgrade or anything else on your wish list by shopping on eBay.

"Millions of Americans have unused phones in their homes and simply don't realize how much their devices are worth, probably because trade-in values are typically so low," said Alyssa Steele, Vice President of Hard Goods, eBay. "With Instant Selling, people can find out exactly how much their phone is worth, and sell their phone within a matter of minutes to immediately help fund the holidays, or maybe something off their personal wish list."

Instant Selling Equals Instant Gratification
Instant Selling allows consumers to enjoy a simplified selling experience while receiving competitive pricing on select eligible smartphones... instantly! Here's how to put your phone's current value toward your new smartphone:

    1. Visit eBay.com/s/phone
    2. Enter your device info, determine if it's eligible for Instant Selling
    3. Add images. Click List and accept terms
    4. Receive your instant voucher, which can be used toward the purchase of a
       new device on eBay
    5. Ship your phone quickly with a dedicated eBay shipping label you print
       off yourself

Sellers who are looking to get top dollar for their smartphone before upgrading to the latest device can make the MOST money by selling on eBay(3 )compared to companies like Gazelle.com, EcoATM, AT&T, Apple Give Back program and Verizon.

To get started, visit https://www.ebay.com/s/phone and find out how much your current device(5) is worth.

eBay By the Numbers

    --  eBay has 175 million active buyers worldwide
    --  80% of all merchandise sold on eBay is new, and our wide selection keeps
        growing
    --  89% of items sold on eBay are Buy It Now - no bidding necessary
    --  71% of items ship for free in US, UK and DE
    --  414 million downloads of the eBay Inc. apps across the globe

About eBay
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2017, eBay enabled $88.4 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

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(1 )Based on eBay's average selling price compared to Gazelle, EcoATM and AT&T trade-in sites.

(2 )The eBay Phones Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 nationally representative U.S. adults, ages 18 and older, between September 20 and September 25, 2018, using an email invitation and an online survey. Quotas have been set to ensure reliable and accurate representation of the U.S. adult population 18 and older.

(3 )Based on eBay's average selling price compared to Gazelle, EcoATM, AT&T, Apple Give Back and Verizon Trade-in.

(4 )Prices for Instant Selling reflect the anticipated average price of the program.

(5) Instant Selling eligibility currently includes Unlocked, Verizon and AT&T, Samsung Galaxy S7 to S9 +, Apple iPhone 6S 16GB - iPhone X 256GB. T-Mobile, Sprint, Google Pixel and select LG products will be available for the program in November.

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SOURCE eBay Inc.