April 12, 2012
CD Trade-In Program Now Active At Amazon
Online retailer Amazon is offering you the chance to pull down that dusty box from the attic - the one filled with your well-loved, but long-neglected collection of CD´s that you converted to MP3´s years ago - and allow you to exchange old compact discs for cold, hard store credit, reports Eric Mack for CNET.
As of Wednesday of this week, music CDs have been added to the list of items that can be traded in for a gift card via the Amazon Trade-In Program. Until now, Amazon allowed you to only send in your old electronics, textbooks, DVDs, and video games in return for a gift card. The program even pays your postage to ship items in.Don´t expect to get rich on this program though. Trading in music CDs, could fetch customers only about $2 or $3 apiece, according to retail experts polled by CNN SmartMoney blogger Kelli Grant. That´s not a lot of reward, though Amazon does pop for the shipping costs on trade-in items.
Another point of interest to note about this program, however, is that Amazon expects the jewel boxes and cover art to be included in your original purchase from way back when. Scratched discs will likely be rejected, as well, writes Damon Poeter for PC Mag.
Why does Amazon want in on a dwindling market like physical music discs, anyway? Amazon knows that folks that trade-in stuff for gift cards and store credit spend about 40 percent more than its value when they redeem it, Grant pointed out.
The retailer also knows that a program such as this tends to create loyal customers for Amazon, something for which the savvy online retailer is always in the market. At the very least, it´s nice to know that some of our musical purchases from days gone by look to be getting a temporary reprieve from landfill duty.
So if you are tired of having that case of obsolete CDs around, writes Eric Savitz for Forbes, you can now smile at the prospect of trading them in for anything Amazon sells, including lawn mowers, caviar, live earthworms, whatever floats your boat.