backtop


Print E-mail del.icio.us 17 comment(s) - last by MaulBall789.. on Mar 26 at 4:34 PM

New programs give loot for old electronics and guarantee you an upgrade path for obsolete gear

Many gadget hounds and technophiles across the world are becoming more concerned with the environment. Some companies in America are starting recycling programs to keep used electronics out of landfills or shipped overseas for disposal.

Reuters is reporting that a new program called ecoNEW from a company you are probably familiar with, but never heard of called NEW Customer Service. The company sells extended warranties offered on everything you buy from Best Buy and sell similar warranties via Wal-Mart as well.

The new program will allow consumers to return any electronic product that they own to participating stores, even if the stores weren’t where the product was originally purchased. The catch at this point is that the participating stores haven’t been announced. However, Best Buy and Wal-Mart are very likely since NEW Customer Service already sells warranties through them.

Electronics returned under the program would net the owner in-store credit -- the credits would be for pre-negotiated amounts and would be issued through ecoNEW directly.

Postage and shipping for the items returned would be covered by ecoNEW resulting in no cost to the owner for the return. With the ecoNEW service, the customer would fill out a return online describing what items they have and the condition of the items and ecoNEW would provide an estimate on how much they are worth and free shipping to return them. An example return rate is about $20 to $60 for an MP3 player depending on the model.

Another similar service from a company called TechForward allows a buyer to opt for a upgrade plan when the new electronics are purchased. This buys the customer a guaranteed return rate based on the condition of the item purchased. Under this plan it would cost $9 for coverage on an iPod Touch and the buyer would be guaranteed $240 for a 3-month old touch, $190 for a 6-month old touch and $160 for a touch up to a year old. The rate would drop if the device was damaged or inoperable.

The USPS is also offering a mail in recycle program that gets you nothing in return for your electronics other than the satisfaction of recycling.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

slick
By wushuktl on 3/26/2008 9:01:49 AM , Rating: 2
now you don't have to go through the hassle of trying to sell off your old crap on craigslist or ebay, just go get some store credit for it. i've got a ton of crap laying around the house that i would love for them to take.




RE: slick
By 16nm on 3/26/2008 9:10:28 AM , Rating: 2
quote:
the hassle of trying to sell off your old crap on craigslist or ebay
For the record, I just want to state that selling on Craigslist.org is not a hassle. eBay, on the otherhand, has been a major pain in the A$$. It's so much simplier to do these transactions in person. If eBay cost less then I possibly wouldn't complain as much.


RE: slick
By xsilver on 3/26/2008 10:35:51 AM , Rating: 1
ebay might be evil but in certain instances ebay/craigslist will get you the top $$$.

In the example given by the article $9/month for the specific plan and then $160 given back after a 1 year old ipod touch doesnt sound like a great deal to me.
ipod touch new = $300
plan = 9x12 = $108
total cost = $408 - $160 money back = $248 to rent an ipod touch for a year?? not good.
You could probably sell it on ebay/craigslist for $200 easy after 1 year which means your rental only cost $100 or so.


RE: slick
By Ductape03 on 3/26/2008 11:16:25 AM , Rating: 3
Its only $9 total not monthly so:

300+9-160=$149

Still not $100 but closer and no shipping, worrying about if it sells and will they pay if it does that comes with selling online.


RE: slick
By afkrotch on 3/26/2008 11:01:18 AM , Rating: 2
I never had any problems with Ebay. Post listing, wait, get paid, mail item. I always get delivery confirmation and insurance. Don't feel like dealing with a "I didn't get X item" type of crap or "X item got lost and we don't support your crap being lost."

Course nothing I sell is over $100, so delivery confirmation and insurance is cheap. What's a $1 on an item that's only worth $20, but morons bid it up to $90. Love Ebay.


RE: slick
By 16nm on 3/26/2008 11:21:21 AM , Rating: 1
quote:
Post listing, wait, get paid, mail item


Man, you sound like a spokesman for eBay! There is a lot more to it than that. You have to pack and weigh your item. You have to research how best to write your item's title since eBay has too short a title to make best use of it. Then you list it wait and get paid. If multiple items were bought then you have to repack and weigh the items together and send a new invoice and wait for payment. Next, print label and take to post office. If it's international then you have to wait in line at the post office while all the postal employees are on coffee break. On top of all this, you get shafted with rediculous fees for using eBay and Paypal.

On craigslist, you list your item, someone calls, you meet and exchange. It's very easy and you get a smile and a handshake out of it all!


RE: slick
By Oregonian2 on 3/26/2008 12:17:16 PM , Rating: 2
As long as they don't give you a check that bounces. As long as the Craig's list person shows up at all (they may be postal employees who are on break).

One has to "research on how to best write your item" no matter how one sells it other than for a garage sale where it just sits there (and by which you'll get diddly-squat amounts for it plus have the hassle anyway). Craig's list is good for things that are pain to ship (big and/or heavy), but small stuff is a piece of cake on eBay, and paypal lets you "take" credit cards... something I have trouble doing on Craig's list.

P.S. - Our post office has a *LOT* of windows open, especially at lunch time and they move folk through very quick (town of about 75K people). We've also multi-window grocery store contract stations around that are fast and easy to use (other than the last couple weeks before Christmas) -- and even they now have the super high-tech stuff that makes one zip through quick. UPS stores work too. And in all cases they buyer's paying for it (and for some sellers, the buyer's paying even more...).


RE: slick
By dever on 3/26/2008 2:51:05 PM , Rating: 2
Are you saying that setting up a meeting between two people is easier and more cost-effective than shipping an item? You must have a lot of free time.

I just used "I Sold It" for the first time... so far, so good. They take their cut, but at least it's not sitting around the house any more.


RE: slick
By 16nm on 3/26/2008 3:14:46 PM , Rating: 2
I have no complaints. Buyers always come to me and I just meet them around the corner from my house. It's been really very easy. It takes far less time than packing an item. They always pay in cash. No one has ever asked to pay w/check.


RE: slick
By MaulBall789 on 3/26/2008 4:34:03 PM , Rating: 2
I don't think many people would write a check to buy weed.


Only works if they stay in business
By MrBlastman on 3/26/2008 9:32:11 AM , Rating: 3
This, like any other Extended Warranty, will only be valid if the warranty company stays in business.

They are notorious for going out of buisiness though.

I've heard horror stories of people who bought warranties on their cars and the co. went out of business. Think they were insured? Think again.

Consumer electronics are far less expensive, and depending on the item, the warranty may or may not be worthwhile. On a Laptop - maybe, pc - no way. The Tech Forward thing is intriguing and I'm curious to see how far out it extends for you to upgrade to a newer and better model.

For many of us though, we buy stuff and use it forever. At least this takes some of the guilt out of our disposable society by perhaps promising a greener disposal method (I bet they resell the units overseas).

So, if you like to take risks, this might be up your alley.




By TheMouse on 3/26/2008 4:23:38 PM , Rating: 3
This is the reason why Consumer Reports suggests that you only buy the extended warranty if it's provided by the manufacturer. It's less likely for, say a car manufacturer, to go out of business. (insert joke about nissan or mitsubishi here)


Staples already does this...
By TheMouse on 3/26/2008 2:41:27 PM , Rating: 2
Let's hope that the $$$ offerings are better than those of staple's program:

http://staplestrades.greensight.com/Common/equipty...




RE: Staples already does this...
By Guuts on 3/26/2008 3:58:59 PM , Rating: 2
Costco does this as well, through the same company, Greensight.


Not bad!
By Locutus465 on 3/26/2008 10:26:29 AM , Rating: 2
I'm curiouse to see what the "exchange rates" are going to be. I have a troublesome BD-P1400, assuming they accept something that new at all I might trade that in for a better BD player :)




If this works, I hope...
By Polynikes on 3/26/2008 11:20:56 AM , Rating: 2
I hope they can extend this to e-tailers, as I prefer to buy my electronics online where prices are lower. That was your recycling "dollar" will go further.




Where DOES it go?
By JonnyDough on 3/26/2008 1:07:07 PM , Rating: 2
Wasn't there an article not long ago (maybe it was in Popular Science Mag, but I was thinking it was here on DT) about how much of the electronics that are "recycled" find their way to developing countries where they are deconstructed by people not wearing safety equipment (i.e. breathing masks) and that a lot of it just ends up tossed on the ground somewhere? One has to question what they plan on doing with our old electronics, otherwise how do we know that we're actually doing anything good?




"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov













botimage
Copyright 2008 DailyTech LLC. - RSS Feed | Advertise | About Us | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki