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Ecycle will Recycle your phone and pay you for it, Unlike Nokia

ecyclee-Cycle, while it might sound like a vehicle in the new Tron movie, is actually a company that will help you securely recycle your iPhone (or your iPad, though what is wrong with you that you already need a new iPad?). e-Cycle, founded back in 2005, has grown 400% over the last three years, fueled in part by entering the i-cycling business. Today, the Hillard, Ohio-based company announced it will be hosting an iPhone recycling booth at the Macworld Expo at the end of this month at San Francisco.

e-Cycle CEO Chris Irion estimates that 9 million iPhones are retired for newer models each year. “Of the estimated 140 million mobile phones discarded in the U.S., only about 10% are recycled. But nearly 50% of these devices still have a resale value,” he said in today’s announcement (e-Cycle doesn’t have exact data on the rate of iPhone recycling). “Selling used iPhones is good for your bank account and great for the environment.”

I just looked into how much money I could fetch for an old iPhone 3GS, using a calculator on e-Cycle’s site. After I selected the 16GB model from a drop-down menu and confirming that the phone wasn’t damaged, e-Cycle offered me $130.00 for the device. Even had I answered “no” to its six questions (some of which seem pretty critical to me–“iPhone turns on and charges?” “Touchscreen works?”), e-Cycle still said it’d buy back the phone for $35.00. If you’re not quite ready to let go but think you might later, you can register on the site for a reminder.

“Most consumers and businesses do not know that their mobile devices still retain value even after two years of use,” e-Cycle’s Paulie Anthony tells Fast Company. But there’s considerable demand for refurbished models.

Security is a significant concern if you’re looking to recycle a smartphone. Conducting a basic factory restore doesn’t always clean out all your data. “We find that many of our business clients and individuals who think they have erased their data have still had private data left on their phones,” Anthony says. Independent forensic examiners audit e-Cycle to ensure they’re wiping what they say they’re wiping.