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SoftBank, LY Corp. Launch Online Smartphone Buyback Service

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SoftBank (TYO:9434) said it has partnered with LY (TYO:4689) to launch Yahoo! Smartphone Buyback, an online service allowing customers to sell their smartphones regardless of their mobile carrier in Japan, according to a Wednesday release.

The Japanese telecommunications and technology company said the new service enables users to complete the appraisal, application, and payment processes online, and customers can receive payment through PayPay Money or bank transfers.

The new service application assesses devices based on factors including touchscreen and camera functionality, screen and back-panel damage, and battery condition, and the estimated buyback price will be displayed immediately.

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