With the Apple announcement of the iPhone 5 only weeks away.  Apple is paying customers to turn in their used  iPhones for a payout up to $345.  Looks like Apple is pulling out all the stops to move some units of the iPhone 5.
The most valuable used iPhone is the 64 GB 4S with a $345 valuation. If your device has less storage or damage, it will be worth less. If the valuation that the Reuse and Recycle program offers you seems acceptable, you send in the device along with power cable and Apple recycling partners will send you back a gift certificate. That gift certificate can be used to purchase new devices on the Apple Store.
The recycling partners will get your phone and physically inspect it to be sure it matches your description before issuing your gift certificate. A few scratches or other damage to your device will certainly slash the worth of your device and lead to a smaller gift certificate. If you plan on buying more Apple gadgets, avoucher for the Apple Store might be great, but if you just want the money you might want find another trade-in option.
