EcoATM: Turning Old Phones Into Cash, Instantly.
Posted by: jim on 06/13/2013 04:38 PM
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The only thing I love more than money is fast money. Well, that and bacon, but they haven't made a bacon kiosk yet so...
Hello, EcoATM. Hello, cash. Yep, you guessed it. The EcoATM wants your old phone. It even pays you for it. Put your phone in, cash comes out. The average transaction pays out about $25, while a good phone might get you $300. That’s a decent chunk of change!
This machine is able to identify thousands of types of phones, tablets, and mp3 devices. As of right now, there are 350 kiosks in 24 states. The company has plans for international expansion as well as technology that would allow them to accept larger extinct technology like old computers and your mom.
A concern this type of kiosk trade off brings to mind is the protection of your personal information. Well, don’t you worry, EcoATM encrypts all data as to avoid fraud and each transaction is remotely monitored by an employee. In addition, there are a set a high-res cameras watching your every move and counting each enlarged pore on your face. Oh, and a thumbprint and valid ID are required to ensure people aren’t jacking your iPhones and selling them on the street. If there weren’t enough precautions, EcoATM is also required to sit on every device for thirty days, just to be safe (and serial numbers are recoded when possible, so take that). Thanks to these efforts, only one in every 4,000 collected by ecoATMs have been reported lost or stolen.
So, the question remains, where do all the old phones go? Three quarters of them end up being refurbished and given a new life, while the rest are recycled at facilities that meet industry standards. And now you know.
So go recycle and make some cash, you can't beat that, unless you have bacon. Nothing beats bacon.
Hello, EcoATM. Hello, cash. Yep, you guessed it. The EcoATM wants your old phone. It even pays you for it. Put your phone in, cash comes out. The average transaction pays out about $25, while a good phone might get you $300. That’s a decent chunk of change!
This machine is able to identify thousands of types of phones, tablets, and mp3 devices. As of right now, there are 350 kiosks in 24 states. The company has plans for international expansion as well as technology that would allow them to accept larger extinct technology like old computers and your mom.
The EcoATM is a kiosk that accepts old phones and other devices and dispenses cash on the spot! Photo: Unknown
A concern this type of kiosk trade off brings to mind is the protection of your personal information. Well, don’t you worry, EcoATM encrypts all data as to avoid fraud and each transaction is remotely monitored by an employee. In addition, there are a set a high-res cameras watching your every move and counting each enlarged pore on your face. Oh, and a thumbprint and valid ID are required to ensure people aren’t jacking your iPhones and selling them on the street. If there weren’t enough precautions, EcoATM is also required to sit on every device for thirty days, just to be safe (and serial numbers are recoded when possible, so take that). Thanks to these efforts, only one in every 4,000 collected by ecoATMs have been reported lost or stolen.I don't eve known what it's called, but the EcoATM does! Photo: Unknown.
So, the question remains, where do all the old phones go? Three quarters of them end up being refurbished and given a new life, while the rest are recycled at facilities that meet industry standards. And now you know.Look at this piece of crap, what do you see? The EcoATM sees cash. Mhmm. Photo: Unknown
So go recycle and make some cash, you can't beat that, unless you have bacon. Nothing beats bacon.
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