eRecyclingCorps, a wireless device trade-in provider that partners with Sprint, Verizon, TELUS and other major wireless carriers, says it exceeded 1.1 million trade-in devices in May, setting a new record for device collection in one month and diverting more than 450,000 pounds of e-waste from landfills.
Each device trade-in offers a new revenue stream that offsets the costs of subsidizing devices for consumers, eRecyclingCorps says. The company works with carriers in stores to bring in new customers by offering rewards such as instant in-store credit for purchasing new devices.
The May figures represent a 270 percent improvement over the number of devices it collected for May 2012 and a 300 percent improvement on smartphone trade-ins year over year, eRecyclingCorps says. The company resells the devices it collects in developed and emerging markets, offering consumers access to high-quality mobile technology at lower costs.
ERecyclingCorps says its tailored trade-in programs, developed with its carrier partners, bring in higher trade-in rates, compared to other mobile device recycling programs offered online or at specific collection points.
The Irving, Texas-based company was founded in 2009, operates in 10 countries and processed 7 million trade-ins in 2012. It is also a founding member of the Device Renewal Forum, which is working to develop a common and branded certification process for renewed wireless devices.
Last month, mobile buyback and recycling company e-Cycle launched an online tool that buys used mobile phones and tablets and pays consumers for their used devices while deleting data and recycling the e-waste.
Apple, Dell, HP and some 2,000 other consumer electronics companies increased the amount of electronics they recycled by about 27 percent last year, according to a Consumer Electronics Association published in April. The Second Annual Report of the eCycling Leadership Initiative says consumer electronics companies working in the eCycling Leadership Initiative recycled 585 million pounds of electronics in 2012, up from 460 million pounds in 2011.
Last November, AT&T broke the world record for collecting the most wireless devices in a week, by recycling 50,942 devices during a one-week period, as certified by Guinness World Records.