Startup gives Cash for Old Electronics!

- June 6, 2011 < 1 MIN READ

A new online service provides cash for old electronics by simply entering its details into a website. The service provides instant cash quotes for mobile phones, digital cameras, MP3 players and game consoles.

Currently, there are over 22 million mobile phone services activated within Australia, and with most users on a 24 month contract, they receive a new mobile every two years. This means there is a huge number of mobile phones that are sitting unused after the owner has upgraded.

ReGadget’s founder and general manager, Owen McCrink [23], states that their new service can extract value from many old items which are now unused.

“What many people don’t realise is how many valuable gadgets people have in their homes”, stated Mr McCrink. “Most homes have unused mobile phones and other electronics which ReGadget give an instant cash price for.”

The service offered makes it easy for customers to quickly get a cash price for their gadgets. The user finds the product, enters in a few details and then receives an instant quote. The quote generated comes from a detailed pricing algorithm where the best price can be offered to the customer.

The customer is then given a prepaid shipping bag in which they can post the gadget to ReGadget’s warehouse. Within a few days after the gadget is received, the customer receives the money deposited directly into their bank account.

“ReGadget was born out of us being sick of having piles of old gadgets in the house. Now there is an easy way to get them out of the house, and a boost to the bank account.”