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Ah, memories.

Suddenly that old phone gathering dust in your drawer is in high demand. today expanded its existing trade-in program to include consumer electronics — offering gift cards to people who send in consumer electronics including tablets, cell phones, MP3 players, cameras, GPS devices, and other items. The company previously limited trade-ins to DVDs, video games and academic textbooks.

It must be a trend: T-Mobile USA this week launched a trade-in program of its own, offering credit up up to $300 for old phones, regardless of the carrier or device.

In the Amazon program, people looking to trade in electronics items will start by searching for products they own. Here’s how the program will work, according to Amazon …

If the product is listed as eligible for trade-in, then customers can click the Trade-In button to add items to their trade-in shipment. Amazon’s Trade-In program offers a variety of condition types including “Like New,” “Good” and “Acceptable,” giving customers an easy way to view multiple trade-in values. Once customers have added all the items they would like to trade in to their trade-in shipment, they can print a pre-paid shipping label and ship everything for free. After the product is received and inspected, an Gift Card will be deposited into the customer’s account, generally in less than 48 hours. There are no claim codes or waiting for a check in the mail. Gift Cards can be used on purchases towards millions of items on

As noted by Mashable, Amazon appears to be offering slightly more for some items than existing trade-in site Gazelle, but that site offers cash in addition to gift cards.

Photo by Vicky TGAW via Flickr.

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