Payday Power Launch New Mobile Phone Buy Back Service

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Payday Power, the short term loan company are encouraging customers to trade in their old mobile phones in exchange for cash or vouchers through a brand new service.

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Working in line with other services Payday Power offer, such as fast cash loans, the new buy back service enables customers to obtain cash quickly and easily by trading in their unwanted mobile phones – Reset Recycle.

This straightforward online service follows three easy steps. Firstly customers search for their phone model, next they receive a set value for the product, before finally sending the phone in the post and then sitting back waiting for the cash to arrive.

With the average handset value at £47 and the top pay-out amount of £200 for an old mobile, the service offers a great way for consumers to recycle old technology and get a little extra cash too.

Reset Recycle even provide a freepost padded envelope within 48 hours. This includes a unique reference number so that the order can be tracked and the product can be protected, avoiding any damage.

Once the order is collected the company check that the phone is working and then send through a BACS payment to the customer within 72 hours or a cheque payment within 7 days. The new service means that customers are able to trade in any mobile phone that appears on the company's database and send up to three phones in one order.

All phones that are in a good working condition will be sent around the world to be reused and parts and accessories that do not work are recycled which also has a positive impact on the environment.

Simon, the Managing Director of Payday Power explained why they took the decision to offer this service: "We decided to introduce this service so that people now have even more ways to get hold of cash quickly; alongside this we encourage people to recycle their old phones due to positive impact on the environment"

"This is another avenue for providing effective customer service as we are offering cash in exchange for old products so we hope people take full advantage of the scheme. "

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About Payday Power

Founded in 2008, Payday Power is a leading broker of online payday loans. Part of the Reset Finance group, they enjoy the backing of a number of major lenders to help get the best deal for customers. Payday Power offer payday loans of up to £1,250 at a typical APR of 1,737% - equating to around £25 per £100 borrowed or 25% of the total amount - and are committed to responsible lending.


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Samantha Stratton
Impact Media
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