If you’ve ever used a service like gazelle.com, you’ll be familiar with the new service Verizon Wireless is offering. The company has launched a trade-in program that will allow you to exchange your used (or abused) phone for a VZW gift card. Here’s how the service works: you go to http://www.trade-in.vzw.com and input the type of device you have (it does not have to be a Verizon device), you answer several questions about the devices condition (does it make calls, does the screen work, is the screen cracked), you then get an appraisal of what your device is worth and an option to have a pre-paid box shipped to you. You won’t get much in terms of compensation — a 32 GB black iPhone 4 will net you $212 — but the funds can be used towards your next Verizon Wireless device; there is also an option to donate the phone to charity. If you’re looking to pull the rip-cord on your current wireless provider, and want to jump to Big Red, it isn’t a bad option to have. Although, you probably would still make out a little better at gazelle.com.