Apple's Reuse and Recycling Programme, which is operated by Dataserv GmbH, allows users to fill in an online form stating the make and model of the device along with other information, which in the case of iPhones includes whether they are in working order and their condition, while for PCs and laptops includes the manufacturer and processor speed.
The service will then offer you an on-screen price which ranges from £40 for an iPhone 3G in perfect working order to £317 for an iPhone 4S. Meanwhile, iPads can fetch around £100. However, it's worth noting PCs will only be accepted if they can be reused and not if they're in a condition that means they need to be recycled.
Brits will then be sent a pre-paid shipping label for returning the device to Apple. Once its been received and checked, the cash will be deposited in your bank account, providing you've provided the relevant information..
"With the Reuse and Recycling Programme, you could turn your old equipment into a brand-new Mac, iPod, iPhone or iPad," Apple said.
"Whether it's an iPhone, iPad, Mac or PC computer, working or not, we'll take it and determine if it qualifies for reuse and has a monetary value. If it does, the amount will be credited directly into your bank account. If it doesn't, you can recycle it responsibly through one of our free recycling programmes."