When mobile devices first started being practical and useful for communications on the run, such as the proliferation of the Blackberry and similar, When mobile devices first started being practical and useful for communications on the run, such as the proliferation of the Blackberry and similar, everybody suddenly realized how powerful that concept could be. It opened the floodgates for continuing demand into greater and greater capability as well as data speed transfer and access. No surprise, as the scale of demand grew, so did the market to match that demand. And some 20 years later, we now have smartphones and mobile devices with the capability of some of the best computers and laptops from just 5 years ago available and affordable today. However, that has also created a huge inventory of unwanted phones and devices along the way. This is where ecoATM has filled a new niche and demand.
A Win-Win Business Model
What is ecoATM? As a company, ecoATM focuses on leveraging additional value out of old mobile devices. Whether they are smartphones, tablets, MP3 players, or similar, just because they don’t run the latest apps or connect to services anymore doesn’t mean older tech is useless. Buying these devices back from consumers, ecoATM move the inventory through one of two channels. First, the devices are evaluated for their re-use capability. If viable, the phones and devices are resold in other markets where there is a high demand for mobile devices using older technology. This is quite common in places like the Middle East and Africa as well as South Asia where traditional banking and money systems don’t exist except in the biggest of cities. Instead, people save, spend and transfer money via their phones and mobile banking networks that can use even the oldest of flip phones.
The second channel is component recycling. ecoATM will direct devices that don’t work well are not useful in the resale market to salvage and recovery of industrial materials. To date, ecoATM has been responsible for recovering well over 765,000 pounds of metals from phones and mobile devices, almost all of which can be re-used by industrial markets desperate for stock metal to create wiring and similar with. High-tech circuitry has been an increasing consumer of metals like gold, silver, and copper, all of which are regularly recycled and resold by ecoATM operations.
Where to Find ecoATMs
The best part of the ecoATM business model is its kiosks. Designs to be self-functional, these units are placed in high traffic consumer areas like Walmart stores with maximum convenience for people to sell their old phones and tablets. The units are entirely intuitive and functional, evaluating devices on the sport and paying ready cash for devices that are acceptable. Consumers love the kiosks, and the ecoATMs provide a steady flow of inventory for the company to continue to grow and recycle with. No surprise, the ecoATM concept continues to grow exponentially, moving across the U.S. and placing new kiosks in more and more locations every month.
Anyone Can Use ecoATM
It is almost likely every household in the U.S. has at least one old cell phone or smartphone or tablet it can’t use anymore. Remember all those electronic gifts from past Christmas holidays and birthdays? They count too. Consumers are likely sitting on a little bit of a goldmine with their old devices which can finally be unlocked by simply taking the equipment to local ecoATMs near me at Walmart and getting the item evaluated. Most consumers are going to be surprised by the results, and the cash sale is far easier and safer to handle than trying to sell the same devices through an online ad like Craigslist or hoping for a buyer via online auctions. Given the capability and ease with which ecoATMs can be used, the company is very likely to continue growing and expanding its device list of compatible tech. And that’s a good thing. The last thing anyone wants is for all those old devices and their batteries to end up in landfills poisoning the soil for years to come.