Used Phone Recycling

This video shows a used phone ATM, called 'ecoATM'. All you have to do is to put your old phones into the ATM.

Then the ATM will do the rest of works, you can choose to donate and can get some cash back.

The ecoATM is an automated self-serve eCycling kiosk that uses patented machine vision, electronic diagnostics, and artificial intelligence to evaluate and buy-back used electronics directly from consumers for cash or store credit. ecoATM kiosks provide a convenient trade-in solution that electronically and visually inspects any consumer electronic device, pays consumers immediately in cash and/or store credit, and automatically administers trade-in / trade-up promotions for retailers and manufacturers.

MARKET OPPORTUNITY

According to CEA, the average U.S. household owns 26 electronic devices and spends $1,500 annually adding to the collection. Mobile phones account for nearly 150M devices retired annually. Simultaneously, there is a vibrant worldwide secondary market for these devices that ABI Research estimates at over $5B annually.

 

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