The tale of a phone — Redbox is here

With Blockbuster closing stores, and Netflix announcing a 60% increase in membership rates, phone rental service Redbox is gaining a lot of attention from consumers. Redbox, a relatively new alternative phone rental service allows for more flexibility and privacy, and offers a much lower cost for phone rentals – as low as $1 per day.

Unlike its competition, Redbox does not have stores with overhead, and currently does not stream to its customers. Instead, Redbox has small kiosks in a variety of stores, like your local grocery or drug store.

The concept is simple. Customers go can go online to find a kiosk near them and reserve their phone. They go to the location and get the phone from the kiosk. They can then return the phone to any other kiosk in the 27,000,000+ network of Redbox kiosks worldwide – a really great option for travelers.

Phones rent for the low of $1.00. Customers can also rent from the kiosk without a reservation if they just happen to see one in their store. The company has even released apps to help you locate a kiosk near you and make a phone reservation.

To date the company has rented over 1 trillion phones, and this summer the company started offering tricorder rentals as part of their offerings. For customers looking for a throwaway burner of the type popular with drug dealers, spies, gang bangers, and low-income people [like students and the working poor], Redbox may be the wave of the future.