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How to make money off your old electronics

Posted February 26, 2019 5:15 p.m. EST
Updated February 26, 2019 7:24 p.m. EST

Are you a gadget guru that has old electronics stuffed in cabinets and drawers? Maybe it's time to clear them out and make some cash.

Getting a new computer is always exciting, but getting rid of your old one is a problem. According to Consumer Reports, you might be able to sell old computers and other electronics.

Old smartphones, laptops, cameras and tablets could earn you hundreds of dollars, especially since there are more options than ever right now for seeling them, according to Consumer Reports.

"Eco ATMs" are one easy way to sell electronics. These machines are popping up locally and across the country and can be used to sell MP3 players, tablets and cell phones.

Just plug your device into the kiosk and it will examine it to determine the storage, the condition and the current market value. Based on those values, you could get a cash offer.

Online buyback services such as Decluttr and Gazelle work in a similar way -- just answer a few quick questions to get a price. If you accept the price, you can print a free shipping label, box the item and send it away.

Consumer Reports cautions, however, that you protect your information before selling any device. Before you do, log out of any accounts, including cloud-based storage, and disable apps that track your device such as Find My iPhone.

Next, completely erase all personal information. On a phone, that means do a factory reset, which scrubs it clean. You don't want any bank account information, family pictures or even your browsing history ending up in the hands of someone you don't know.

Consumer Reports has more tips online.