Ever wondered what to do with the extra box of test strips you have at home? Sell them online and get cash for them!
Diabetic test strips are very expensive and a typical diabetic needs to use an average of three strips a day, totaling to a few thousand dollars of annual expense. Instead of just disposing them after expiry, why not sell them to companies who pay cash for diabetic supplies?
What happens to my secondhand test strips?
The number of diabetic patients in the US continue to grow by the day. And while there is enough supply of test strips in the market, not everyone can afford to pay for them. This is why there is Medicaid or Medicare to help those who are financially challenged. However, this is still not enough.
This is what a company who buys test strips is for – to provide inexpensive diabetic care products to consumers who cannot afford to buy from pharmacies and other retailers.
The companies resell the test strips they purchase from individuals and make sure they are of good quality for use by their buyers. This is a good way to dispose of your extra supply since you are earning as well as helping other people with a similar condition.
Selling Test Strips is 100% Legal
You don’t have to worry about getting in trouble if you sell your extra stock. In most cases, it is legal to sell them online or personally through one of your contacts. It is not a widely-known market yet, but there are several companies who are advertising online and even on some street signs.
Is it safe to sell test strips? Yes. In fact, it is recommended by the FDA instead of having a lot of good quality products go to waste unused. There are a few conditions you need to meet:
- You must legally own the test strips through direct purchase. Any supply that comes from Medicaid or Medicare cannot be sold since they are basically an assistance paid by the government intended for your personal use. To identify this, all boxes will have a red strip for those issued by the government.
- All strips and other diabetic supplies should not be expired and in good condition. These strips will be resold to other people so it is crucial that they serve their purpose properly.
- You must not sell stolen goods. This is self-explanatory.
How to Get Money for Test Strips
The most hassle-free way to get cash for test strips is to sell them to online companies. The basic process is for you to contact the company that you have items to sell and then the company will send you a quote. If you agree to this quote, you can then send the products for verification. Once your products are accepted, the company will wire money into your account as payment. It’s easy, fast and very simple.
You can also sell diabetic supplies. There are companies that do not buy strips exclusively. If you have more to offer, you should pick a company that purchases both. Just make sure that all the products you are selling are manufactured by a company in the US. At present, this is the minimum requirement among buying companies due to quality concerns.
What else should I know about selling test strips online?
If you have decided to make a sale, you need to make sure that you choose the right company to sell to. The first point you need to consider is proximity. If they are based near your area, the better. This makes shipping faster, thus hastening your payment as well. A good company will be able to process your sale within the next 24 hours after receipt of your package. Any delays should have a valid reason and they should be able to send you a written notification.
Although buying diabetic test strips is a fairly new market, it still brings in revenue to companies. When negotiating for the price of your strips, make sure that the amount they are giving is reasonable. For instance, giving $10 for a $50 value item is not fair. Do not be afraid to negotiate until you think the price is right. Treat the transaction as a business, and you can earn top dollar for test strips.