I think OP's analysis did cover that. You don't have to put it in the recycle mode. You can sell it yourself or choose not to get the credit so someone else can "Recycle" it by reusing it.
I do agree with you that people could still put in the trash, but I also think that's where good recycling programs matter. It shouldn't be hard to recycle an electronic. It should be as simple as recycling paper or glass, especially in an age where almost everything is electronic.