Samsung is looking to boost sales of its Galaxy S20 range of smartphones, and now the company has launched a new buyback program for the handset. This initiative is designed to provide customers with more confidence in their purchase, knowing they can recoup a significant portion of their investment if they decide to return the device within a specified period.
If you own or buy a Galaxy S20 5G, Galaxy S20+ 5G, or an S20 Ultra 5G and want to return the handset within the next two years, Samsung will buy the device back from you at 50% of the retail price. This buyback program is an attractive offer for those who like to upgrade their devices frequently or are concerned about the resale value of their smartphones.
Eligibility Criteria for the Buyback Program
There are a number of caveats in order to qualify for this program. Firstly, you must buy the device directly from Samsung. This ensures that the device is authentic and has not been tampered with. Additionally, the device must be in good working condition. Below is a full list of the conditions that must be met:
- The phone MUST be purchased directly from Samsung
- The device MUST be able to turn on
- The display MUST be running normally with no issues
- No damage to the body. This includes dents, scratches, or water/fluid stains
- No blacklists
- No Google factory reset protection.
These conditions are put in place to ensure that the device is still in a resalable condition. For instance, a phone that cannot turn on or has a damaged display would not be eligible for the buyback program. Similarly, devices that have been blacklisted or have Google factory reset protection enabled are also excluded from the program.
Benefits of the Buyback Program
The buyback program offers several benefits to consumers. Firstly, it provides peace of mind. Knowing that you can return your device and get back 50% of the retail price within two years can make the initial investment feel less risky. This is particularly appealing for those who are hesitant to spend a large amount of money on a new smartphone.
Secondly, the program encourages customer loyalty. By offering a buyback option, Samsung is incentivizing customers to purchase their next device from them as well. This can help Samsung maintain a loyal customer base and potentially increase sales of future models.
Moreover, the buyback program is also environmentally friendly. By encouraging the return of used devices, Samsung can ensure that these phones are either refurbished or recycled properly, reducing electronic waste. This aligns with the growing trend of sustainability and corporate responsibility in the tech industry.
You can find out more information about Samsung’s new buyback program for its range of Galaxy S20 smartphones over at its website at the link below. This program is a strategic move by Samsung to not only boost sales but also to build a stronger relationship with its customers by offering them more flexibility and value.
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