If you are already a Verizon customer or are a customer on another network that is looking to migrate over to Verizon, the wireless provider has a new program you may find interesting. The company has unveiled a new program where you can trade in any mobile phone working or not and get money in the form of a gift card towards a Verizon purchase.

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There is naturally a catch to the new service and that catch is that you get very little money for your phone. I dropped my iPhone 3GS a while back and it works, but the screen cracked. Verizon would give me about $12 for my iPhone. If the iPhone had a screen that was not cracked, I could get a bit more for it.

If you have a new iPhone 4 in 16GB of 32GB varieties and want to trade it in Verizon will give you $212. That is assuming the device has no cracks and still works. The program will send you a pre-paid return shipment box to send the handset in and then the gift card is sent back to you. In most cases, I would bet you could get more money for your device off eBay or Craigslist. The Verizon program will also accept devices and donate them to charity.