How Do People Make Money From Cell Phone Recycling?
If you need fast cash, recycling your old phones can be quite a good source of money. You can arrange for the transaction in the internet, and the phone trading or refurbishing companies will pay as much as $50 for each phone you sell them. So, how do these businesses get paid. Simple. They market these phones, for a good mark-up, to wholesale (usually in lots of 100) buyers in Africa or Asia. You made some money from the sale of a used item, while helping bring communications capability to the developing countries. Think about it. Umicore, a European recycling firm, harvests precious metals like gold, silver, platinum, copper, and coltan, as well as manufacturing recyclables like glass and plastic from tons of old cell phones. They call this recycling of precious metals surface mining. Theres actually more gold to be harvested in a ton of used phones than from 17 tons of gold ores! Less than half of 1% of the electronic waste that go through the recycling process can not be returned t
