Special Report: Cash For CD's

CD’s, DVD’s -- They take up space on your shelves, you've up-loaded them to your iPod's and you may not even like them anymore so, what do you do? Michael Whelan of Marlboro’s spin's his CD's into green by selling them online!

"Forty CD’s got me about 180 dollars," Michael said.

Its a growing trend on the Internet - - online stores competing to buy your goods

Steve Bonneau of Uzed.com said, "The consumer is able to sell their used CD’s, DVD’s and games, via our web site."

Bonneau runs uzed.com, just one of dozens of sites where you can get quick cash by clearing out your old CD’s.

"What we see is consumers who have a collection, their taste have changed, there's needs for cash or they just want to remove the product from their house," explained Steve.

Here’s how most of them work. You first go online set up an account.

Type in the bar code number on back, or the title of the CD, DVD or video game you want to sell and you'll find out how much the stores are willing to pay, they then e-mail you a packing slip and mailing label - - you pack the stuff up and ship it off.

Some companies will cover shipping costs, other times they wont so make sure you check first!

About 10 days after you ship your package - - you'll find a check in the mail.

"Our average sale online is between $80 to $100 dollars," said Bonneau.

There aren't many CD’s and DVD’s online stores wont take back - - but if the item is damaged or its case is broken you may get less on its final value.

The average reject rate is one half of one percent.

It all adds up to extra cash in your pocket - - cash Michael uses to buy what else....new CD’s.

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