Selling iPhone 5 - What to erase?

Hi,
I am upgrading to an iPhone 6 tomorrow and will be selling my current iPhone 5 (with iOS 7). The recycling company I am selling to state that I need to delete my iCloud account by doing the following:
Device must be switched on
Settings > iCloud > Delete Account
Enter your Apple ID password
Then select ‘Turn Off’
However, Apple's website states that if I am selling the phone all I need to do is use the Erase All Content and Settings feature. Can I do both i.e. delete account then delete all settings? Or is there a specific order I should do this?
Can anyone help with this? If I don't do this correctly payment will be delayed from the company I am selling to.
Thanks in advance.

I will be doing the same actually.
You definitely want to do the Erase All settings Last otherwise you will have no way to Delete the iCloud account off your phone. Not sure that deleting your  iCloud account off the phone is necessary. But I have read that "Having Find My iPhone activated can sometimes block activation by a new owner, so you'll need to deactivate it before you ditch your device. Go to Settings > iCloud > Find My iPhone and slide it to off."
Also it is recommended to turn off iMessage. Go to Settings > Messages
Then do the Erase All Settings  and then remove your SIM card if your iPhone has one.

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