Cashing in or Getting Scammed? Is Buybackworld Legit or a Bit of a Schemer?

Cashing in or Getting Scammed? Is Buybackworld Legit or a Bit of a Schemer?

Are you sick of your old phone taking up space in your drawer? Want to make a quick buck selling it online? Sure, you could try eBay, but with all the potential fees and hassle of shipping, it might not be worth it. Enter Buybackworld- an online platform that buys electronic devices for cash. But is Buybackworld a legit company or are they just trying to pull a fast one over on you? Let’s find out.

What is Buybackworld?

Buybackworld is an online platform that buys consumer electronics from individuals and businesses. They accept a wide range of items, including smartphones, tablets, laptops, and even gaming consoles. Once you submit your device, they will give you a quote and send you a prepaid shipping label. Once they receive and inspect your item, they will issue payment.

So, is Buybackworld legit?

Instant gratification is the name of the game when it comes to selling old devices. It’s no wonder that there are so many scams out there trying to steal your precious electronics and money. However, Buybackworld is a legit company, and here’s why:

Transparent and Secure payment process

One of the biggest worries people have when selling their device online is getting ripped off. No one wants to send off their item and never see the money. Luckily, Buybackworld offers a transparent and secure payment process. They have an A+ rating with the Better Business Bureau and are certified by TRUSTe and VeriSign, which means they follow strict privacy and security measures. They also offer payment options such as PayPal, check, and direct deposit for added convenience.

Positive customer reviews

Another good indicator of a legit company is positive customer reviews. Buybackworld has a 4.4 out of 5-star rating on Trustpilot with over 6,000 reviews. Most customers praise the easy-to-use platform, fast payment process, and excellent customer service.

No hidden fees

Buybackworld is transparent about their pricing and doesn’t charge any hidden fees. The amount they offer for your device is the amount you’ll receive. And, if your device is in better condition than you initially thought, they may even increase their offer. No sneaky fees here.

Environmental benefits

In addition to being a legit company, Buybackworld is also eco-friendly. They have a zero-landfill policy and recycle or resell most of the devices they receive. So, selling your old phone to Buybackworld not only puts money in your pocket, but it’s also good for the planet.

The Catch

Okay, so they’re legit. But there’s always a catch, right? Well, there are a few things to keep in mind when using Buybackworld.

Lower payouts compared to eBay or Craigslist

When you sell your item to Buybackworld, you’ll likely receive a lower payout than if you were to sell it on eBay or Craigslist. But, the convenience of not having to deal with shipping, finding a buyer, and potential fraud could be worth it. And, if you’re selling an older or damaged device, Buybackworld may be your best bet.

Device requirements

Buybackworld only accepts devices that meet certain requirements. For example, your phone must be able to turn on and off, have no major water damage, and have a working touch screen. If your device doesn’t meet their requirements, they will still recycle it for you for free, but you won’t receive any payment.

Fluctuating prices

The amount Buybackworld offers for your device may fluctuate depending on market demand and device condition. If they receive a lot of the same device, they may offer less money for yours. And, if your device is in worse condition than you thought, they may decrease their offer.

How to use Buybackworld

Now that you know the ins and outs of Buybackworld, here’s a step-by-step guide on how to use their platform:

Step 1: Visit their website and select your device.

Step 2: Answer a few questions about your device’s condition.

Step 3: Get an instant quote.

Step 4: Print out the prepaid shipping label and packing slip.

Step 5: Package your device and ship it to Buybackworld.

Step 6: Await inspection and payment.

Alternatives to Buybackworld

If you’re not sold on Buybackworld, there are plenty of other options for selling your electronics. Here are a few alternatives to consider:

Swappa

Swappa is a marketplace where you can buy and sell gently used tech items, including smartphones, laptops, and gaming consoles. The site offers a secure payment system and requires sellers to provide detailed descriptions and photos of their devices.

Gazelle

Gazelle is another online platform that buys and sells consumer electronics. They accept smartphones, tablets, and laptops, and offer free shipping and fast payment. The downside is that they may offer lower payouts than other sites.

eBay

eBay is a popular marketplace where you can sell almost anything, including electronics. While there are potential fees and shipping costs to consider, you can likely receive a higher payout here than on Buybackworld or Gazelle.

Final Thoughts

In the end, Buybackworld is a legit company that offers a quick and easy way to sell your old electronics. Their transparent and secure payment process, positive customer reviews, and eco-friendly practices are all good signs that they are a reputable business. However, keep in mind that their payouts may be lower than other sites, and your device may need to meet certain requirements.

If you’re looking for an alternative, consider Swappa, Gazelle, or eBay. Whichever platform you choose, make sure to do your research and read the fine print before sending off your precious device.

Helpful Table:

References:

1. Buybackworld. (n.d.). Better Business Bureau. https://www.bbb.org/us/ny/new-york/profile/electronic-equipment-dealers/buybackworld-llc-0121-137422.
2. Buybackworld Reviews | Read Customer Service Reviews of buybackworld.com. (n.d.). Trustpilot. https://www.trustpilot.com/review/buybackworld.com.