EcoATM pays you for your used mobile phone

Even though many people are aware of the importance of recycling their mobile phones, it is reported that only about ten percent of used phones actually make it into a recycling program. Would people be more diligent with mobile phone recycling if it was not only convenient, but lucrative as well? An EcoATM machine currently being trialed in Nebraska, accepts your used mobile, scans it to assess its market value and rewards you with a retail coupon or gift card.

The e-cycling station in the Nebraska Furniture Mart, Omaha, is a self-service station that gives an on-the-spot electronic assessment of a used phone handset. If the phone has a real-time secondary market value, the consumer will receive an in-store payment in the form of a store gift card. The customer may also be offered the opportunity to donate the payment to charity. If the handset has no market value, the consumer still has the option to recycle the unit.

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Tags: atm, charity, electronic assessment, gift card, Innovation, mobile phone, mobile phones, phone handset, Recycling, self service

This entry was posted on Wednesday, October 7th, 2009 at 10:34 am and is filed under Consider This, Innovation, economics, gizmag. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.