www.musicmagpie.co.uk,
an online service that lets
people convert their old or
unwanted CDs into cash, has
officially launched today following
six months of testing. www.musicmagpie.co.uk
pays between 25p and £3
each for CDs that users send
in via its free to use trade
in service. Each year over £21
million in old CD’s are
thrown away in the UK when they
could be converted into cash.
The service is simple to use.
Users go to www.musicmagpie.co.uk
and click the “Get cash
for your old CDs” button.
They then type in the barcode
number from the CDs they want
to sell. The website will search
its database and make a cash
offer for each one, with the
site buying up to 250 CDs in
each transaction.
When the user accepts the offer,
they are sent prepaid padded
envelopes to send in their CDs.
A cheque is issued within 7
days of receipt after each CD
is checked against terms and
conditions.
A trial version of the site
was launched in early 2008 and
has already paid out over £130,000
to its 4000 registered users,
with user numbers growing by
over 1% a day.
Craig Dawson, Head of Operations
at www.musicmagpie.co.uk
said: “Every day we see
things on the news about the
credit crunch getting worse
and we think the service is
a real winner. Unlike auction
sites, users can get cash for
as many of their old CD’s
as they want without the hassle
and cost of selling each individually.”
“Now
we have completed the testing
phase of www.musicmagpie.co.uk
we will also be looking at
how we can help UK consumers
get cash for old DVD’s
and games as well.”
The
CD market is still buoyant,
despite the ever-growing popularity
of music downloads. 138 million
CD albums and 86 million CD
singles were sold in Britain
in 2007, according to the
British Phonographic Institute.
These high-volume sales mean
that millions of Britons could
benefit from musicmagpie’s
cash for old CD’s service.
Please click here
(word doc) or here
(pdf) to read more.
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