ecoATM: Get Money For Your Old Phones and Mp3 Players

It was amazing to see that ATM machines can now give money for your old and waste products such as phones and mp3 player etc, so no need to throw your old electronic items, just go to ecoATM and throw your item there and it gives you money for that.....Isn't it great.

The recycling ATM from Californian company ecoATM can evaluate unwanted goods for resale and recycling...

Looking to sell your old mobile phone? With a recycling ATM that provides you with the option to exchange in your discarded mobile phones for cash, you need not look any further now!

Californian company ecoATM has come up with a machine (rather an 'Intelligent ATM Machine') which aims to inspire people to go green. The machine is sophisticated enough to take in an old cell phone and pay out the agreed price that too on the spot. What else could you have asked for?

Mark Bowles,co-founder, ecoATM told the Daily Mail: "The basic technologies of machine vision, artificial intelligence, and robotics that we use have existed for many years, but none have been applied to the particular problem of consumer recycling."

"But we've done much more than just apply existing technology to an old problem - we developed significant innovations for each of those basic elements to make the system commercially viable," Bowles added.

While three-fourths of the mobile phones collected are resold, the remaining ones are sent to recycling channels to reclaim any rare earth elements and keep toxic components from landfills.

ecoATM uses artificial intelligence (AI) in order to differentiate varied consumer electronics products and determine a market value. Once you accept the value, you can either receive cash or store credit for your trade. There is also an option for donating all or part of the compensation to one of several charities.

It is expected that more than 300 kiosks would be rolled out across the US by December-end.

The device has been developed with support from the US National Science Foundation (NSF).

Can I get my device back?

You can get your device back at anytime during the process up until you explicitly confirm the final sale and price. Your device will not be harmed in the process nor will any personal data on the device be accessed. 

So if you all need this ecoATM to be established in your country, just comment below and the company will look after it. Lets hope that it would be established soon in every country.