Las Vegas: The EcoATM machine has introduced in Las Vegas which has a capability to pay cash for an old or unwanted mobile phones and MP3 players.
According to reports, the machine was a cupboard-sized machine with a big touch screen and metal tray where you can place your old phone or MP3 player and is a fully automated phone recycler that lets users drop off old mobiles then pays for them in cash.
It takes pictures of the device to figure out what kind of shape it’s in. Then, you choose one of the machine’s many cables to connect your device. The machine will figure out if the device’s internals are working.
When its analysis is complete, it gives you a quote on the spot, based on what a network of hundreds of electronics-recycling companies are willing to pay for it. If you accept, it spits out cash.
In a demonstration by EcoATM founder Bill Bowles, it said a Verizon iPhone 4 was worth $221.
An older phone might not be worth reselling, but the machine will take it anyway, and give you a dollar. The company will melt down the phone in an environmentally friendly fashion to extract the precious metals from it.
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