It’s something of a surprise to come across anyone who doesn’t have a mobile these days. They have become a must-have for almost everyone. In fact, more than a billion people around the world now have a mobile phone.
By now, most of us have been through several different models, and once the old ones are discarded, they usually get left lying around somewhere in a drawer or under the bed or, worse, add to our already serious landfill problem.
According to Envirofone there are over 80 million old mobiles lying around in the UK. So, instead of chucking your old mobile phones in the bin, why not do your bit for the environment, get them recycled and make some money at the same time?
This idea has grown in popularity recently, and now there are loads of companies out there who will pay you for your old mobiles.
Rather than letting the phones end up in landfill, they can be re-used in areas of the world with growing economies – those which have the demand for the type of mobile technology some of us would class as obsolete.
Even very old mobiles can be used for parts by other businesses. And if they can’t be re-used, they are recycled in an environmentally-friendly way and can be made into things such as printer cartridges.
Of course, with so many companies out there offering cash for your phone, you need to make sure the one you choose is legitimate and will give you the best service.
The most established sites are:
Whichever site you use, make sure you check out some of the others first, as prices do vary.
We at Moneymagpie know it isn’t easy to choose the best site, so we’ve done some research to find out if these companies do fulfil their promises.
We’ve recycled phones with Mopay, Envirofone, Banana Green and Mazuma – so you know exactly how it works and what to expect.
Here’s what to do:
Step 1: Find the best site
All the sites are set up in much the same way as Mopay where you simply select the make and model of the phone you wish to recycle.
There are pictures on all of the sites, so its easy to tell which is yours. Once you’ve found your phone, they’ll tell you how much it’s worth if it’s working, and how much if it’s not.
When it comes to choosing which is the best site for you, essentially you should look at all of them to see which one will offer the highest amount of cash in exchange for your phone.
Step 2: Fill in your details
Once you’ve selected the phone model, you’ll be asked to enter the IMEI number of your phone. Don’t worry if this sounds complicated – they all explain exactly where to find it, and it’s very straightforward.
You then have to ‘grade’ your phone; as working or not working.
Step 3: Choose cash or vouchers
Once you’ve filled in all these details and accepted their terms and conditions, you’ll be given the choice of either cash or Marks & Spencer vouchers with Mopay, cash or Argos vouchers with Envirofone, and just cash with Mazuma and Banana Green.
Mopay will also offer to put a percentage of the cash they offer you for your mobile into a charity, so you can be doing a doubly good deed!
Step 4: Arrange postage
You’ll then be asked for some personal details. Once you’ve filled those in, you’ll be given an order number, and receive a confirmation email with instructions of what to do next.
The one drawback here is that although postage is free, with Mopay you do have to provide your own jiffy bag. Both Mazuma, Banana Green and Envirofone provide you with one, though it does slow down the process as you have to wait to receive it.
Step 5: Send it off
All you have to do now is send off the phone and the order confirmation form which they send with the email. For Mopay you use the ‘Freepost, Mopay’ address and put your order number on the back of the envelope.
They do warn you that your post office will say that this isn’t a valid address – but be persistent and assure them, we did!
Be advised that none of the companies will accept phones without their security code, and will pay you according to the condition of the phone and the battery.
If phones are locked or can be proven stolen, they will be recycled without payment. So they will check that the details you’ve given them are correct before sending the money.
Step 6: Sit back and wait for your cheque!
We received ours within a week from both Mopay, Banana Green and Mazuma, and the amount was exactly as promised so we’re definitely satisfied! We received our cheque from Envirofone within about two weeks, so a little slower, but it was the amount we were promised.
A quick comparison
Just to give you an idea of how much your phone might be worth – and of the variation in prices offered by different websites – here are some comparisons:
Sony Ericsson W810i
Envirofone – £17.51
Mopay – £23.40
Mazuma – £24.00
Banana Green – £24.00
Motorola RAZR V3
Envirofone – £11.04
Mopay – £8.45
Mazuma – £11.00
Banana Green – £11.00
We think that Mopay offer the most efficient and helpful customer service, so if that’s important to you we would recommend them. Essentially though, it’s definitely worth checking out all the websites before making a decision as the prices really vary depending upon the model of your phone.
Useful links
Do you have any comments or suggestions about recycling your mobile? Share them with everyone in the comments below.









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what if the phones are broke do you still get good price??
Oh yes, you can still get a good price. It depends on the make and model.
Hi,
Does anybody know how the recycling companies make their money? what is the business model?
If they buy an old phone for £10, surely they need to make some money back from it.
I would be very interested in knowing.
Thanks,
Faz
yes, they recondition them and resell them. Sometimes a few of the parts alone are worth it. Apparently even the very old phones have a part that is used for tracking devices for caravans. So even if the phone itself is of no use, the clever electronic bits inside it are.
Hey guys theres also one called money for your phone
mfyp.co.uk they offer a lot higher prices than most of them.
Mon you should definitely go to our mobile recycling page here http://www.moneymagpie.com/recycle-your-mobile-for-cash/ and see how much you can get for your nice phone. Go for it – you should be able to make good cash!
When I read your tip in the Express it seemed to advise that all old mobiles were in demand; could not find ours and I have a new unused one sitting with it’s charger and relative bits. Any tips please – shall I send it to a museum!
regards, Mon
I wonder how many people have old mobiles sitting around and don’t even realise you can trade them in for cash. A great idea during a recession if you ask me!
I have tried BananaGreen on a few ocassions, and would recommend them above all others. Fast, efficient service and got my cash in 2 days. Please recommend BananaGreen to all others.
Thanks
Susannah