March 24, 2008
Buy Back Programs Offer New Angle On Electronics Recycling
NEW Customer Service will soon roll its ecoNEW electronics buy back program to electronic retailers nationwide, CNET reports. The company is best known for providing extended warranty plans for retailers.
Under the program, consumers can return any electronics products they own to participating retailers even if they weren’t purchased at the store. In return they’ll receive an in-store credit gift card.
Another vendor out there is TechForward, which offers a buyback program similar to the optional extended warranty services offered by many consumer electronic retail stores. But instead of buying extra coverage in case the product breaks, the consumer buys insurance against future upgrades.
Both ecoNEW and TechForward either resell the refurbished devices online or harvest and sell the components.
It will be interesting to see how these programs fit in with the recycling efforts underway by manufacturers and retailers.
Here’s an image from the Techforward website:
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