This company offered me $192 for an iPhone 3g in excellent condition. I sent it to them, and a month later received an email stating that they were going to pay me $80 for it, and I had seven days to contact them to accept or rescind their offer. I made several calls to them, only to be put on hold waiting for their "buyer". One time, I was on hold for 45 minutes before the phone went dead. The second time for 30 minutes. I sent them an email (twice) telling them that I did not accept their offer and wanted my phone back. No response. I suspect that they never intend to answer the phone, and that way they can say that I never contacted them and accepted their low-ball offer.
Avoid this company like the plague. I used another cash for iPhone company last time, and that company did as advertised. I stupidly went with this company as they offered more money than the other company (little did I know that they would rip me off after receiving the phone)
That is NOT a "Bait and Switch" scheme. Theivery, poor business practices maybe, but definitely NOT "Bait and Switch". Learn your terms before using them.