Got an old mobile phone lurking in the back of a drawer somewhere? It's very likely that you have. But not many people are aware that recycling an old smartphone could swell their bank balance by up to £200!
Turn your old mobile phones into cash
Mobile phone recycling is a great way to clear out the clutter in your home and is very environmentally friendly. Not to mention the added bonus of earning some cash at the same time!
Find out here how to recycle your mobile and turn an old mobile phone into cash.
How does mobile phone recycling work?
Mobile phone recycling services pay you money for your old mobile phone. This is usually a case of simply checking your make and model to see what they pay and sending them your phone to recycle. Providing the phone meets their conditions, they'll send you a cheque or transfer the money into your bank account.
You can even recycle damaged or faulty old mobile phones and still get a little cash for them, or recycle your old mobile phone accessories like chargers free of charge.
As recycling old gadgets has become more and more popular, many new players have emerged offering the service. Make sure you compare mobile phone recycling companies to get the most cash for your old phone.
What happens to my old mobile phone after I recycle it?
The mobile phone industry moves fast. Hundreds of thousands of old mobile phones are rendered obsolete every year as we upgrade to newer, better models with the latest features.
However, old mobile phones aren't useless. Mobile phone recycling companies buy people's old mobiles and either reuse or recycle them.
When the mobile phone recycling company gets your old mobile, it is either sent to be reused, refurbished, or it is taken apart and reprocessed so any useful parts and components can be salvaged and used again.
This helps to cut the amount of waste going to landfill sites each year and reduces the environmental damage associated with making components for new mobile phones.
Find out more about Premier Mobile Recycling and recycle your phone here: Premier Mobile Recycling
Mobile phone networks' recycling schemes
O2's scheme is called O2 Recycle. This operates much like third-party recycling schemes, with an online checker at its heart so you can ascertain how much your mobile is worth and even get same-day payment when your handset is processed.
O2 feeds the profits it makes from O2 Recycle into its Think Big initiative, which aims to improve the lives of young people.
EE's similar Recycle and Reward scheme is also highly rated and lets you choose between a cheque or bank transfer. The umbrella brand's scheme accepts handsets irrespective of the network they're tied to.
Vodafone's Buyback scheme features the option to swap your handset for cash, or Argos or Debenhams vouchers. Once again same-day payments are available and BuyBack will accept phones tied to other networks.
Three will recycle old mobiles free of charge, but does not offer a cashback scheme. The devices are tested and refurbished and sent to be reused in countries in the developing world.