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Walmart Lets You Swap Old Gadgets for Instant Credit

by Hazel Chua

Running low on cash? Have a few gadgets that you can live without? Then you might want to swap the latter for some instant credit at your nearest Walmart. You won’t get cash, but you’ll get an eGift card that you can spend on groceries, clothes, and new gadgets.

walmart_gadgets_to_gift_cards

This is all thanks to Walmart’s new “Gadgets to Gift Cards” program, which they announced recently. The announcement was made in anticipation of the release of the next iPhone. In addition to consumer electronics, you can also trade in video games for credit – though the amounts they’re offering are very low – offering a whopping $1.39 for a copy of Halo 4 in good condition. Higher-end gadgets fare better, with a 32GB iPad 2 bringing $175, and an AT&T-locked 32GB iPhone 5 going for $335 for example.

The program allows people to spend their credit even before they ship off their devices for verification, provided they pass a credit check first. So in case you’re thinking of scamming them in this program, you’d better think twice.

To get started, log on to the program Web site and get a quote for your device. Choose the “pay me now” option and get an eGift Card within a few minutes. You can then print a free shipping label and send in your old device within 10 days.

[via C|NET]



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