An EcoATM Coming to a Store Near You?

A new idea from a start-up company based in San Diego, California allows consumers to get paid to recycle their used mobile phones. The first machine is in Omaha, Nebraska and was installed just a few short weeks ago. As of today more machines are on their way out to retail store owners in a handful of states. The ecoATM allows users to recycle a cell phone and be compensated in return for it. 

The self-serve e-cycling station electronically inspects phones, assigns them real-time secondary market value, and provides in-store payment--if the handset still has any monetary worth. If not, consumers can choose to assign the device to the recycle bin, and then it's on its way to getting recycled or refurbished.

Retailers hope that the new kiosks will increase foot traffic to their stores and help them meet ever changing eWaste Compliance standards. Currently the machines only accept cell phones, but coming next year consumers will be able to recycle: MP3 & PMPs, Game Systems, Game DVDs & Cartridges, Notebook & Desktop PC’s, Printers, Digital Cameras, Flat Displays, Storage Devices, GPS and more. Click here for SBTV.com’s in-depth story on electronic recycling.  You can also check out our Green Business Channel for more expert advice on how to save money and be eco-friendly in your business.

IRS Tax Tip: Deadline Reminder for October 15, 2009!