You simply enter information about your device, the condition it's in, the original items and accessories you still have for it, and -- voila! -- they give you an estimated resale price.
If you accept, they send you a pre-paid shipping label and, in some cases, a box for it, and off it goes. If they agree with your assessment of the condition, they send you a check or PayPal payment.
There are several recommerce sites on the Web, but here are four sites currently buying and trading the latest electronics.
In just the first two days following Apple's iPad 2 announcement, Gazelle said nearly 4,000 iPads were traded in on its site.
That figure is double the number of iPhones traded in during the same two-day period, the company said.
And, considering that Apple has sold more than 15 million iPads since its launch, it's likely that the trade-ins aren't going to let up anytime soon. Gazelle said it expects to pay out more than $2 million to iPad owners in total.
If you're interested in getting in on the action, Gazelle is currently offering $387 for a 64 gigabyte (GB) 3G- and WiFi-enabled iPad in good condition. That will get you about half of what a comparable new iPad will sell for.
This is a good indication the iPad 2 is not only going to be a successful product for Apple, but a successful upgrade as well, as many of those 15 million original iPad owners are expected to upgrade to the new model.
If you have other old electronics that you're looking to unload, Gazelle accepts products in more than 20 categories, including Blu-Ray players, camcorders, cell phones, desktops, digital cameras, e-readers, gaming consoles, GPS devices, laptops and LCD monitors.
NextWorth offers a similar type of deal and also has a retail partnership with Target stores in the U.S.
Customers can receive a Target gift card when they trade in used electronics in-store or, if they're not near a participating retail location, they can get a quote online and receive a check, PayPal transfer, gift card or e-gift card mailed directly to them.
iPad units will be accepted for trade-in at Target locations by the end of March.
To receive your quote, you answer the same kinds of questions: Is it functional? Is it scratched? Are there dead spots on the display? Do you have the original chargers and cables?
A 64 GB Wi-Fi-enabled iPad is currently getting a $390 offer.
NextWorth says it is able to restore and refurbish almost all of the devices, and will be selling the traded-in iPads in the next 7 to 14 days on its own online store, as well as in other online stores.
By promoting reuse, NextWorth helps keep gadgets out of the landfills. The company says that whatever can't be reused is recycled in the U.S., in accordance with industry standards.
EcoSquid is like the Orbitz of re-commerce sites.