Wal-Mart to launch smartphone trade-in program

Posted: September 10, 2013 at 6:45 a.m.

BENTONVILLE — Wal-Mart Stores Inc. is launching a smartphone trade-in program later this month that will help consumers trade up to the newest phones available.

The world's biggest retailer said Tuesday that consumers will receive a credit from $50 to $300 when they trade in their working, undamaged phone. The credit can be used toward the purchase of a new phone, with a selection of more than 100 devices to choose from. This includes some smartphones with prepaid plans.

Wal-Mart said that consumers can receive $300 credit for an Apple iPhone 5, $175 for a Samsung Galaxy SIII and $52 for a Samsung Galaxy S2.

Phones can be traded in at the electronics departments of more than 3,600 participating Wal-Mart stores and Sam's Club locations in the U.S. Consumers will need to enter a two-year contract for the new phone with AT&T, Verizon Wireless or Sprint.