Cash for old mobiles

The first mobile phone recycling and recovery scheme to offer consumers cash for their old and unwanted handsets is open for business and confident of success.Money4Mobiles.co.nz, was set up by logistics system solution provider Boomerang Logix. Director John Wilson told the National Business Review that past mobile phone recycling programmes failed because they didn't offer any cash reimbursement.

The first mobile phone recycling and recovery scheme to offer consumers cash for their old and unwanted handsets is open for business and confident of success.

Money4Mobiles.co.nz, was set up by logistics system solution provider Boomerang Logix.

Director John Wilson told the National Business Review that past mobile phone recycling programmes failed because they didn’t offer any cash reimbursement.

“On average as little as 3% of people actually return a handset and the reason for that is they either don’t know what to do with it or they believe that the data on it may be a problem or that they may have a use for it in the future, which tends to not happen.

The phones recycled within New Zealand will be on-sold to emerging and developing nations including India, Russia, South America and China.

“There are around 1.8 million unused mobile phones gathering dust in cupboards and drawers within New Zealand alone,” says Mr Wilson.

Prices start from $1 for old phones and go up to $512 for newer working models.

Phones beyond repair will be used for parts and the company aims to recycle 75%of all phones received.