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Deposit Old Gadgets Into This ‘ATM’ And Get Cash Back

Deposit Old Gadgets Into This ‘ATM’ And Get Cash Back
technology

ecoATM can distinguish between 4000 different types of electronic devices with 97.5% accuracy to give you an appropriate amount of money and recycle your 'e-trash.'

Emma Hutchings
  • 19 september 2012

ecoATM is an automated machine for depositing old mobile phones and MP3 players in exchange for cash. It can distinguish between 4,000 different types of electronic devices with 97.5% accuracy to give you an appropriate amount of money. The machine can also tell if a device has damage, like a cracked screen, to help determine how much it is worth.

To use the ecoATM, you place your device into the kiosk and a visual scan is carried out to identify it. Then it provides you with the right connector cable to link your device to the ecoATM network, where its value is determined in a few minutres. You can then receive your cash or choose to donate some of the money to a charity. The company says that some phones are worth as much as $300 in the machine. Around 75% of the devices people deposit will go to a new owner and the rest will be recycled.

ecoATMs are available in locations across the U.S. and you can find one close to you on their site. The company expects to have over 300 machines in shopping malls and large stores by the end of the year, and may also expand to international markets in the future. Watch the video below to see how an ecoATM works:

ecoATM

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