Turn Your Old Personal Electronics Into Cash Beth Snyder January 28, 2012 Just a guess here: there are, right now, at least two out-of-date, no longer used phones or MP3 players sitting in a dresser drawer, a box in the closet, or roaming around on your desk, right? It’s how it works when you’re into gadgets, because the next best thing comes out, so you have to upgrade. But what do you do with the old ones? Some of it can be donated (cell phones in particular are often given to women’s shelters or recycled to buy phone cards for soldiers), but the rest of it just hangs around the house gathering dust and taking up space. Now you can take those old devices and turn them into cash. Granted, not a lot of cash, but some is better than none, and it solves the problem of not being able to throw them away due to environmental concerns. The ecoATM is not widely available just yet, but I can see it catching on and spreading worldwide quickly once word gets out. How this works is pretty simple. You drop your cell phone or MP3 player into the machine, plug in the diagnostic cord once the device is identified by the machine, and it evaluates its condition and gives you a price quote. Prices generally range from $2.00 to $300.00 US depending on what your device is and the condition it’s in. You then have the choice of accepting or rejecting the offer. But that’s not all! The ecoATM will also accept old batteries and charging cables, so you won’t be stuck with those. Once you collect your cash, your device will be wiped of all personal data (of course, I would recommend a factory reset before putting it in anyway), then either refurbished and resold or recycled, depending on its age and condition. Right now these machines can only be found in a few US cities, but they are planning to install them for a wider market soon. Source: Walyou Share This With The World!