ecoATM Buys Your Old Phones

I need to get out more. I say this because many of you have probably already heard of this but I just discovered it when I went to the Midland mall recently. Looks like an ATM, still dispenses cash like an ATM but it's NOT an ATM.

I discovered the ecoATM recently and I think it is genius! The ecoAtm is an 'automated, self-serve kiosk that quickly evaluates and buys back used electronics directly from consumers for cash.' Basically, this machine checks out your new, used or broken phones and gives you money back for them! Love the concept, because think about it....where are your old phones once you upgrade?

If you're like me, they're all thrown in a junk drawer somewhere, never to be used again.  However, others have argued that it sounds like a waste of time and you probably won't get much money out of it. So what do you think? Check out the video and see if you think this looks more like a hassle than a good thing? Have you tried it or do you plan to?