EcoATM, the Automated iPhone Pawnshop

EcoATM kiosks scan used electronics to determine their value
These damaged devices look like trash, but to EcoATM, and its customers, they’re pure treasure Photograph by iFixit

Millions of people are ditching their phones and upgrading to the new iPhone 5. And Mark Bowles is expecting a lot of business for his company’s EcoATMs. The automated kiosks, parked in malls and grocery stores, allow people to exchange their used or broken electronics for cash. “It’s immediate gratification,” says Bowles. “There’s no 30-day wait for a check in the mail.”

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