If you have an old cell phone or mp3 player sitting around at home, it’s now easier than ever to trade it in for some quick cash with ecoATM. This automated electronics-trade-in kiosk will buy back your old gear and dispense cash immediately.
It’s a simple process that takes just a few minutes, as you can see in this video:
The pricing shown in the video for an iPhone 4 is 40% less than what electronics trade-in site Gazelle was offering on the same day. So check out all the online options. There are the trade-in sites, including BuyMyTronics, Gazelle, NextWorth and CExchange, auction sites, like eBay, or Glyde, a hybrid auction-trade-in site. You'll be waiting weeks for your check to arrive in the mail, though, versus the immediate cash that eoATM dispenses.
For now, the ecoATM is only available at malls in southern California, on the Microsoft campus in Redmond, Washington and in the Nebraska Furniture Mart in Kansas City. But there are a number of major retailers that have trade-in programs, including Best Buy, Radio Shack, Costco and Target.
With retailer programs, you bring your product in for evaluation by a store employee, who can pay on the spot. But often the only option is a gift card or trade-in credit instead of cash.