DENVER (CBS4)– With many music lovers listening to their collections on iPods or other MP3 devices, their music CDs may be collecting dust. Now you can make money on those old tunes.
Amazon.com allows music lovers to trade in their old CDs for credit to buy something else. While 4 On Your Side Money Saver Suzanne McCarroll said you won’t get rich, but you can get a couple of dollars per disc.
For those who aren’t avid Amazon shoppers, there are other ways to cash in on used CDs.
Wax Trax in Denver buys and sells used CDs. It’s a popular destination for neighborhood music lovers.
“Everything, I have everything. Classical as well as rock, heavy metal, anything like that,” said Wax Trax customer Dennis Vincent.
Employees aren’t too concerned about Amazon’s new music-buying program.
“I think that boxing up CDs to mail them in for an indeterminate amount doesn’t seem like a real streamlined process,” said one Wax Trax employee.
Those who sell CDs on Amazon will receive a gift certificate. The website also pays shipping fees.