Understanding Buyback vs. Pawnbroking:
When you need quick access to cash, it can feel overwhelming trying to decide which option makes the most sense. At Cash Converters, our short-term solutions are Buyback and Pawnbroking but what’s the difference, and which one is right for you?

Let’s break it down in simple terms so you can make a confident, informed choice.

What is Buyback?
Buyback is a short-term cash solution that allows you to sell your item(s) to us with the option to buy them back 28 days later.

Here’s how it works:

• Bring your item(s) of value, such as jewellery, a watch, gaming console, laptop or phone into your local store.
• We assess the item(s) and agree on a price.
• You receive cash on the spot.
• We keep your item(s) safe and secure for 28 days. During that time, you can return to buy them back by paying the original amount plus the agreed administration fee.

If you don’t return within the 28 days, we’ll assume you no longer wish to repurchase the item(s), and they will then be made available for sale in-store.

Why choose Buyback?
Buyback might suit you if:

• You need fast cash for a short period
• You’re confident you can repay within 28 days
• You don’t want a longer-term loan commitment
• You prefer a straightforward, fixed-cost arrangement

It’s simple, quick and there are no ongoing repayments to manage.

What do I need to get a Buyback?

1. You must be over 18 years of age.
2. Have at least two forms of ID:
   • One form of ID to confirm your identity, such as your passport, driving licence or a letter from HMRC or DWP.
   • One form of ID issued in the last three months to confirm your address, such as a utility bill or council letter.

We need to check your ID before we can give you any cash for your item(s). Once we have confirmed your identity, your details, photo and history records will be into our computer database.

Please click here for a list of acceptable identification documents.

What is Pawnbroking?

Pawnbroking is a secured six-month loan where you use your item(s) as collateral.
Here’s how it works:

• Bring in valuable item(s), provided they’re in full working order.
• We typically offer loans on jewellery, watches, gold and other precious metals.
• We assess the item(s) and agree on a loan value.
• You receive a loan based on that value.
• You repay the loan (plus interest) over the agreed term.
• Once the loan is fully repaid, your item(s) are returned to you.

If you’re unable or choose not to repay the loan, your item(s) will be sold to recover the outstanding balance. If the sale proceeds exceed the amount owed, any surplus will be returned to you. Late repayment can cause serious money problems. For help and advice, visit www.moneyadviceservice.org.uk

Why choose Pawnbroking?
Pawnbroking may be right for you if:

• You need to borrow a larger amount
• You’re using high-value jewellery, gold or watches
• You’d prefer a structured loan agreement

It’s a traditional, regulated way to borrow, with clear terms agreed upfront.

Minimum age 18 and proof of ID and address required. Subject to status and affordability. Failure to keep up with payments may result in the loss of your goods. Further terms and conditions apply, ask in store or see FAQs below for more details.

Why go to Cash Converters?

We believe in transparency and fairness. That means:

• No hidden fees 
• No credit checks 
• Clear terms explained upfront 
• Friendly, knowledgeable in-store teams ready to help 

Pop into your local Cash Converters store and we’ll explain everything clearly, answer your questions, and help you find the solution that fits your needs.