Retailers finding booming market buying used electronics

  • Article by: John Ewoldt , Star Tribune
  • Updated: January 20, 2014 - 9:52 AM

There’s money to be made in buying and selling used smartphones, laptops and tablets, and a new store in Minnetonka hopes to cash in.

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joe_mnJan. 20, 14 7:42 AM

phone companies charge you 200 each month for service and expect you to buy the phone too.

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kitty72570Jan. 20, 14 8:20 AM

What company are you with Joe? I pay $45 a line with unlimited data,talk and text with TMobile.

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tabasco628Jan. 20, 14 8:56 AM

Stealing electronics and phones is a hot industry too. How do these companies ensure they are not buying stolen goods?

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JRBJan. 20, 1410:49 AM

tabasco628, I was wondering the same thing. Is there some kind of a clearinghouse that these resellers use to make sure they are not buying a stolen item, or do they just take the customer's word for it?

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johnvjoinerJan. 20, 1411:07 AM

I know Device Pitstop holds items for 7 days, requires a photo ID before they purchase, and submits all the serial numbers to Leads Online.

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joe_mnJan. 20, 1411:14 AM

Are they like pawnshops? Offer you 10% of purchase price?

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johnvjoinerJan. 20, 1412:10 PM

Much better deal than pawnshops...

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plizzoJan. 20, 14 1:24 PM

Beware of stolen cell phones. I read an angry review of a local used cell phone store claiming that the used phone was stolen out of Spain (and sold in the Twin Cities) and was "bricked" when the purchaser tried to use it. These stolen phones get shipped far beyond from where they were stolen.

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uhh2014Jan. 21, 14 8:56 AM

Usedhandhelds has been doing this since the early 90's

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