My 2 cents:
Is toner toner, Yes. But all toners are not created equal. As has been said, toner is mostly fine particles of plastic and pigment added for color. But there is SO much more to printing than the toner in the cartridge.
Take a look at an average toner cartridge for a modern printer - it is not just a bucket of toner. There is a (new) toner reservoir, a waste toner reservoir, a stirring auger, a photo drum, a cleaning blade (scrapes excess toner from drum to waste reservoir), a carona (charge) wire, high voltage contacts, and a bunch of gears that make it all turn.
With each revolution of the photo drum, the laser (or LED or other light source) “writes” on the drum and this charge on the drum attracts the toner, and transfers it to the paper (with the help of a secondary transfer roller, with an opposite charge). Then the fuser melts the powder onto the paper so it doesn’t just rub off.
So, this is why you don’t want to just put more toner in - because that is a small part of the printing process. Sure, you may get away with it for a while, but here is what happens:
[ul]
[li]Waste toner reservoir can fill up[/li][li]Cleaning blade clearances expand[/li][li]Gears wear out[/li][li]Carona wire will get contaminated, affecting the charge (and transfer)[/li][li]Photo drums have limited life spans and wear out[/li][li]etc[/li][/ul]
So, you can do this for a while, but it CAN damage your printer. I have seen countless examples of people refilling their cartdriges (drill & fill), or people buying shoddy refillled cartrdiges. The clearances get too loose after time, and the cartridge will dump toner below. This usally translates into “dirty” paper, toner on the back side of paper, a toner-caked contaminated fuser, etc. Eventually you will get toner everywhere, and toner is very hard to clean. You need a special toner vacuum with a very fine filter and very fine nozzles to clean it right.
Even then, I have still seen printers completely ruined by this, that were uncleanable and were trashed. Toner is so fine it gets EVERYWHERE. Circuit boards, fans, motors, gears, etc.
So if you refill, I would seriously think twice about doing it more than a couple of times per cartridge. They were not built to last much beyond their duty cycle. Also, beware of “refurbished” cartridges - there are good ones and bad ones, as the term refurbished is fairly subjective. Some companies just drill and fill, some replace the drum, some replace all the critical parts, etc. You should do research and fine a good manufacturer before you make a purchase.
And lastly, it can often void a printer’s warranty. But at least now you can make a knowledgabe and informed decision!