There is Mobile Phone Recycling and there is Post Office Mobile Phone Recycling. The first was Mopay who have always offered the most payment methods to pay you for old mobiles including an SMS code for you to take to the Post Office to redeem for cash. The latter is directly with the Royal Mail Simply Drop site who also text you a code to redeem for cash at the Post Office® but they are not to be confused between each other so we thought we'd clear up some things up about these two mobile recyclers and these methods of payment for your recycled phone.
Recycle Mobiles for Post Office Payments
Simply Drop are the Royal Mails mobile phone recycling service that we have reviewed here before. See the
Review of Simply Drop who offer payment by Postal Order or BACS or donate your mobiles worth to Charity. But the other option is to have an
SMS code texted to you which you can
redeem for cash at the the Post Office®.
Because of the awareness raised around
mobile phone recycling and
Simply Drop becoming more well known many people are searching online for things like "
Post Office Mobile Recycling" or "
Post Office Phone Recycle", "
Recycle Mobiles at the Post Office" etc etc.
It is thought because of a mixture of word of mouth regarding
Mopay's Post Office payments over time. And the launch of
Simply Drop offering it as well. That is why people are searching these very convenient and speedy ways to get cash for your mobile.
Payment Methods and Waiting Times
- Cheques. Getting paid by Cheque for your mobile has always been the most common option to take. But Cheques can take a while to clear before you get your money. Plus there's waiting for it to be issued and then it going through the post. It's a gamble.
- Postal Orders. The same applies for Postal Orders to be issued and come in the mail but you can cash it the same day or as soon as you get to a Post Office®.
- BACS (Bank Transfer). Bank transfer payments by the BACS method are not much faster than cheques. It can still take up to 3 days, sometimes longer if the payment is coming from a different bank to yours or you have a building society account. It's ridiculous!
- Paypal. Paypal are like middlemen. They hold money for you in an Internet account. You can then transfer money from that into your own bank account or vice-versa. It's a good method many people use as you get your money a bit faster.
- Gift Vouchers. This is an option many are going for and exchanging mobile phones for gift vouchers. The reason why is because you often get around 10 to 15 % more compared to the cash value when you take Gift Vouchers instead.
- SMS Code. This is the method used by Simply Drop and Mopay now. An SMS code is texted to you that you can instantly redeem for cash at any Royal Mail Post Office. You could get your money the very next day like this but it's a pretty fast way to get paid.
Make sure you
get paid when selling your mobile phone as mobile recyclers are always working on new ways to pay you as well. Some places will even let you trade in your old mobiles value in part exchange for a newer one.
Recycle your mobile phone for cash with Simply Drop and
choose SMS code as the payment option. Just specify a working mobile phone number and upon you sending in and them checking and approving your mobiles value, they'll text you an SMS code for you to
take to the Post Office® to redeem for cash there and then.
So you can do this with the Post Office and Simply Drop and get paid this way with
Mopay as well. But Simply Drop are part of the Royal Mail who are the Post Office people so it is, in a way, Post Office Mobile Phone Recycling and that's how people know it to be. It's hoped though this will help you to know the difference and get the most money for your old phone.
Coincidentally both these sites are comparable in our
Price Comparison Tool above. Simply Drop have been trying to offer more than the leading recyclers such as
Mopay so check using that first before using either unless your mind is already made up seeing as they are the only ones offering the SMS Code payment method.
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