Selling an iPhone online can put cash in your account as quickly as the same day or as slowly as a couple of weeks — the exact speed depends on the buyer and the payment method. Most trade-in services and buyback companies pay within 1–5 business days after they receive and verify your device, while instant payments (PayPal Instant, bank instant transfer, or in-store payouts) can get you money the same day.
You’ll learn how shipment time, verification checks, payment options, and the platform you choose change that timeline. The next sections walk through typical timelines, common payment methods, and the key factors that speed or slow down your payout so you can pick the fastest, safest route for your sale.
Timeline for Getting Paid When Selling an iPhone Online
You can expect payment timing to depend on when the buyer receives and inspects your phone, plus the payout option you choose. Typical windows range from same-day to two weeks, with most reputable services paying within 3–7 business days after device receipt.
Average Payment Processing Times
Most trade-in and buyback services release payment after they receive and verify your iPhone. Inspection typically takes 1–3 business days for condition checks and diagnostic testing. After inspection, many companies pay within 1–4 business days, so the total from shipment arrival to payment commonly falls between 2–7 business days.
If you sell on a peer-to-peer marketplace, you control timing more: payment often occurs immediately after the buyer confirms condition or hands over cash in person, but escrow services can add 1–5 days for release. Expect longer times when devices require repair or additional verification; that can add several days.
Payment Methods and Payout Speeds
Payment method matters. Common options and typical speeds:
- PayPal or similar e-wallets: usually same day to 2 business days after release.
- Bank transfer (ACH): typically 1–3 business days.
- Check by mail: expect 5–10 business days for delivery and bank clearing.
- Store credit or gift card: often instant once the trade-in is accepted.
Services may offer expedited payout for a fee or instant cash for in-person sales. Always check processing cutoffs (weekends/holidays can delay ACH and check) and confirm whether the buyer holds funds during return windows—some companies delay final payment until the return period expires.
Factors That Affect How Quickly You Get Paid
Payment timing depends on the buyer’s rules, how you ship and document the device, and whether the phone passes inspection. Each of those elements can add days or weeks to when funds clear into your account.
Device Condition and Verification
Buyers and trade-in services pay faster for devices that match the listed condition and power on without issues. If your iPhone is listed as “excellent” but has hidden battery or display problems, the buyer may delay payment pending inspection or request a price adjustment.
Include clear photos, the IMEI/serial number, and a statement about iCloud/Activation Lock status when you list or ship. Remove your Apple ID and perform a factory reset before sending; devices with Activation Lock typically get held or returned, which pauses payout. For high-value models, some buyers run device history and condition checks that can take 24–72 hours.
Buyer Platform Policies
Each platform sets its own payout schedule and holds policy, which directly affects when you receive money. Marketplaces like eBay, specialized buyback sites, and carrier trade-in programs vary: some release funds within 24–48 hours after delivery, others wait until inspection completes or until return windows close.
Read the platform’s terms for payment timing, hold reasons (e.g., new seller risk, large sale), and dispute windows. Opt for platforms that offer instant or fast-pay options if speed matters, but expect a fee. Enable verified payment methods and complete any ID/verification steps to avoid administrative holds.
Shipping and Inspection Times
Shipping speed and inspection length are common timing bottlenecks. Choose tracked, expedited shipping and upload the tracking number immediately to shorten transit uncertainty. If a buyer requires signature confirmation, expect processing only after delivery confirmation.
After arrival, buyer inspections typically take 1–7 business days depending on workload and required tests (battery, physical inspection, IMEI checks). If an issue arises, the buyer may contact you to negotiate or return the device, which adds extra transit time. Pack securely and include any requested accessories or receipts to reduce inspection friction and speed payment.