There are many options for buyers in the scrap catalytic converter recycling industry, so it is important to know what to look for before selling your scrap. After all, these are highly valuable scrap components, and many will be looking to capitalize on a new seller entering the market.

Let’s begin with the basics. Inside the catalytic converter, there are precious metals like platinum, palladium, and rhodium that make up the value of this scrap item. Depending on the catalytic converter you have in your possession, the amount of these precious metals will vary, and of course, so will the value. To begin, we suggest utilizing our catalytic converter price guide, especially if you are new to this industry, as we offer a free version. This tool allows you to simply type in the part number located on your catalytic converter and find the price we will pay you. The pricing will fluctuate with the market, so if you see a price, you are happy with, it is important to act quickly, otherwise you risk the price decreasing.

Now that you have found the listed price of your catalytic converter you can decide to sell your catalytic converter. Before choosing a business to sell to, there are a few prerequisites you should consider. Ask yourself:

Is the company legitimate?

Of course, doing business with anyone who is not a legitimate company is not something you want to do. These steps should be taken to determine the legitimacy of the business:

1. Check out their website to see if it outlines their goals for doing business.
2. Determine their location. Where would your catalytic converters be shipped? Verify that they have a physical location where they operate as a business. Make sure they have a physical location that is an establishment and not a house.
3. Do they provide resources to educate you about the industry? Typically, established businesses provide some type of content, whether on social media, articles, videos, or otherwise, that gives you more information about the company and how they can help you.
4. Is there a contact form where you can easily ask the company questions?
5. How are you going to get paid for your catalytic converter? Explore more about the company and its payment methods. All legitimate businesses use a payment method that can be traced back to both the buyer and the seller, such as a bank wire transfer, check, PayPal, and so on. This way, if criminal activity occurs, investigators can determine who is to blame.

After you’ve established that the company is legitimate and that you’re happy with the price, you can rest assured that you’re working with a reliable source. It is important to note that if you follow these steps, you are more likely to find a company with whom you will work in the future for all your catalytic converter recycling needs. This means that, if done correctly, the vetting process only needs to be done once. If you need to recycle other components, such as spark plugs and oxygen sensors, try to find a company that can do so as well, so you are not recycling with multiple companies. If you have any further questions about selling your catalytic converter, please contact our team of experts.