Samsung banks on 50% buyback guarantee to boost Galaxy S20 sales
If you buy a Galaxy S20 Ultra 5G, you could get up to $800 back after two years.
What you need to know
- Samsung has launched a new '50% buy-back guarantee' program for its flagship Galaxy S20 series phones in the U.S.
- As part of the program, you can get 50% of the phone's full retail price back if you return it to Samsung within 24 months.
- To receive the buy-back credit, however, your device will have to be in "satisfactory condition."
A recent report had claimed that sales of Samsung's new Galaxy S20 series have been 'very disappointing' so far, mainly due to the coronavirus pandemic. Samsung has now launched a guaranteed buy-back program for the Galaxy S20 series phones in the U.S., likely aimed at boosting consumer interest.
The 50% buy-back guarantee program, as spotted by Droid-Life, gives buyers the option to purchase a Galaxy S20 series phone and return it within 24 months for 50% of its full retail value. It is important to note, however, that only Galaxy S20 series phones purchased on Samsung.com or the Shop Samsung app will be eligible for the buy-back program. You will also have to make sure that you opt into the program while placing your order.
To take advantage of the buy-back guarantee program, all you will need to do is visit the My Orders page and initiate a return request. Samsung says that the device must be in "satisfactory condition" to be eligible for buy-back credit. You will not receive any credit in case the device is not in satisfactory condition.
As per a report from BankMyCell, Samsung's Galaxy S10+ lost nearly 50% of its value by the end of 2019. So if you opt for the 50% buy-back guarantee program, you will be able to get a lot more for your phone by returning it to Samsung than selling it on the second-hand market after two years.
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