Mobile recycling payouts top 50 million
Wednesday, June 26, 2013 - 21:03:23
There are plenty of reasons to recycle old mobile phones and the most often-cited motivations are those which stem from the fact that it is the most eco-friendly, sustainable thing you can do with an unwanted handset.
Of course another good reason to choose phone recycling is that your ageing device is still worth money and you can get paid for your trouble.
There is no greater evidence for this than the news that phone recycling organisation, Redeem, has paid out 50 million in the last four years to users of the O2 Recycle scheme.
It partnered with network provider, O2, back in 2009 to encourage its customers to sell their old mobile phones once they had got to the end of a contract. This gave them the opportunity to then recoup some of the cost of the device and use this cash to put towards their upgrade.
O2 is one of the UK's biggest network providers and so its recycling scheme has been particularly well publicised.
Of course, O2 is just one of the companies that Redeem works with and so the 50 million payout represents just a portion of what it has spent on the acquisition of old phones in recent years.
Redeem chief exec, Claes Svensson, told the Caledonian Mercury, that the cash paid out to customers was not the only contribution the company had made, with an additional 2 million plumbed into O2's Think Big scheme, which invests in community projects across the country.
This shows that there is still an ethos of altruism that runs through mobile phone recycling and plenty of ways for consumers to part ways with an old handset, that can still net them a bit of cash to help them pay for their next smartphone.
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