EcoATM turns unwanted gadgets into instant cash

Sick of your old mobile or iPod but too environmentally conscious to throw it out or too cash-poor to replace it?

It's a first world problem gaining urgency here but in the US, an ATM is revolutionising the way people recycle their unwanted consumer electronics.

People looking to ditch a phone or music player need only place an unwanted device into an ecoATM, which then values the item and offers a cash payment or donation to a charity of choice.

Electronics are collected from the ATM, all data is removed and the gadgets are either re-sold to retailers or consumers or sold on as scrap metal.

EcoATMs are currently only available in America, but hopefully it won’t be long before there’s one at your local mall.

Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).