System and method for reclaiming residual value of personal electronic devices
Abstract:
Described herein is a mobile device trade-in facilitation system comprising: one or more servers configured to interact with one or more external data sources; a mobile application communication center configured to interact with one or more mobile devices; an analytic database; and a main processor configured to: initiate a trade-in value calculation based upon an event related to a mobile device; receive information from the mobile device related to characteristics of the mobile device via the mobile application communication center; receive first data related to the mobile device from the one or more servers; retrieve second data related to the mobile device from the analytic database; determine a trade-in value for the mobile device based upon one or more of: the information, the first data, and the second data; and transmit the trade-in value to the mobile device.
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