Buy Back

Buy Back Service

Step One: You bring your item(s) into our store for us to assess and value

Step Two: We agree a price for Money Magnet to buy your item(s)

Step Three: Your items are put in secure storage. You are guaranteed the right to buy them back within 28 days*

Step Four: You can come back to Money Magnet at any point within the next 28 days to buy your item(s) at the same price you were paid for them plus a small fee for the service.

*You also have the option to pay an additional premium, which allows us to retain the item for an extra 28 days, if necessary.

Do you have a large item or are you unsure of its value? Consider contacting us beforehand, and we’ll provide an accurate estimate. The more details you provide about your item, such as the model number, age, and condition, the better we can assist you.

All items in good condition will be considered. Please ensure that all items taken are fully functional and complete, including stands, remotes, chargers, etc.

We offer multiple ways to communicate with us regarding your items. Give us a call or reach out via WhatsApp at 0115 9620022. Additionally, for our customers, we have a custom app that allows you to track your items, make payments, and contact us easily.

To complete a transaction with Money Magnet, all customers are required to register with us and provide three forms of identification (ID).

For BuyBack agreements, customers must be 18 years of age and are required to provide any three forms of ID from the following list:

Preferred ID:

  • Passport
  • Photo Driver’s License
  • Employer’s Photo Security Card
  • European Photo ID Card

Accepted ID (must be within 3 months of issue):

  • Utility Bill (Gas, Water, Electric)
  • Bank or Building Society Statement
  • Official Printed Letter (Social Security, Council or Solicitors)
  • Official Statement (Credit Card, Loan, HP)
  • Credit Agreement
  • TV Licence
  • NHS Medical Card
  • Contract of Employment
  • Telephone Bill
  • Other Bills (with name and address)

Other forms of ID may be considered. Once registered, customers only need to update their ID in the event of a change of circumstances (such as address or name change). Money Magnet may conduct periodic reviews to re-confirm current status. Please note that we only accept original forms of ID; photocopies will not be accepted.