Trade-in new phone, data transfer, direct deduction

Let’s assume you’re in the U.S. and buying your iPhone from the online Apple Store. Here’s a synopsis of the timeline:

• Online, at the Apple Store:
  • You select your new iPhone with all its choices (color, options, etc.).
  • You specify you wish to provide a trade in.
  • You supply all particulars about your trade in: serial number, condition, etc.
  • You are offered an estimate based the information you provided.
  • You submit your order, along with a payment method.
• You receive an order acknowledgement.
• Once your new iPhone reaches “Preparing for Shipment”, your credit card is charged the full amount for the new iPhone.
• When your iPhone ships, you will also be shipped a box to return your trade in device.
• You will have 14 days from that date for Apple’s trade in partner to receive the device.
• Therefore, in that interval, you may transfer your data.
• Once Apple’s trade in partner receives your old iPhone, they will inspect it.
• If it meets the condition you specified at ordering time, your credit card will be credited with its trade in value.

See also:

• The FAQ section towards the bottom of Apple Trade In - Apple .
• Transfer data from your previous iOS or iPadOS device to your new iPhone or iPad - Apple Support
• What to do before you sell, give away, or trade in your iPhone or iPad - Apple Support (one guide as to what 0do to the old phone after transferring your data, and before turning it in)

Yes, you can order online and specify you want to trade a phone or buy in store and in either case, you have 14 days from receipt of your new phone to trade in your old phone. When we get new iPhone's, we order online, get the new phones, migrate the data, then complete the trade at our Apple Store in-person.