Walmart today announced that beginning September 21 customers will be able to receive instant credit for old phones that are traded in for new phones. The program is being run for Walmart by CExchange, which will responsibly recycle the old devices. Walmart said that it will accept most functioning smartphones and will offer credit ranging from $50 to $300, depending on the device and its condition. For example, Walmart said that it will provide $300 in credit for an Apple iPhone 5, or $175 for a Samsung Galaxy SIII. In order to receive the trade-in credit, however, customers must sign a new two-year agreement with AT&T, Sprint, or Verizon Wireless. The trade-in program will be available at some 3,500 Walmart and Sam's Club locations throughout the country.


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