eBay launches Instant Selling, a new trade-in service for smartphones

With eBay Instant Selling, as the service is called, consumers can list their device info, add images, then receive an instant voucher that can be used towards the purchase of a new device from eBay. The company claims it will offer a higher return than competitors' sites, like Gazelle or EcoATM as well as carriers' trade-in programs like those from AT&T and Verizon, plus Apple's own Give Back program. It says that standard programs tend to offer 40 to 50 percent off the average market selling price, but eBay will provide up to 40% higher than trade-in values, on average.