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Microsoft pays up to $350 for an iPhone

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The Redmond giant offers gift cards valued between $200 and $350 in exchange for used iPhone 4S and iPhone 5 handsets. A similar offer for iPads is available as well.

The new iPhone 5S and 5C are doing great in terms of sales, so a lot of users are upgrading from older models. Considering this trend, Microsoft decided to start a trade-in program in which it offers gift cards for iPhone 4S and iPhone 5 handsets. Even before it, a similar promotion for iPads was started and both are still running at this time.

The iPhone trade-in promotion will end on November 3 and it requires customers to bring in their "gently used" iPhone 4S or iPhone 5 to get at least a $200 gift card in exchange. The value of the gift card can go up to $350 (this has not been confirmed by Microsoft yet) depending on the condition of the handset.

Fortunately, while the gift cards can be used to purchase Windows Phones the customer can choose to employ them for any Microsoft Store purchase.

At last, there is also a similar program for iPads that accepts "gently used" iPad 2, 3 or iPad 4 tablets and the minimum value of the gift card offered is the same as above. This program will end on October 27.

More details can be found on microsoftstore.com and in Microsoft Store locations.

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Codrut Nistor, 2013-09-28 (Update: 2013-09-28)