Deposit return scheme (recycling) - Part 2

zell12

Linden Village cider 500ml has the R logo and is part of the scheme.

But, two Tesco RVMs rejected it. ☹️

Ray Palmer

https://www.boards.ie/discussion/comment/123622138#Comment_123622138

and how much would the banks charge for that? There is a reason the stores get paid per return which isn't that much. The banks charge 1-3% in transaction fees. So the shop would get?

The codes are meant to be shared across all RVMs but it does require updates to be carried out which sometimes doesn't happen. It isn't about increasing footfall it is a mistake or poor administration by either the supplier or the retailer.

Genghis

https://www.boards.ie/discussion/comment/123623330#Comment_123623330

Fees would be minimal. SEPA is basically free, banks charge a fee to process payment files, but the cost of transfer is free. With the transaction volume re-turn would have (not to mind the perpetual 50m plus deposit balance) re-turn's cost processing cost would be minimal (BOI rack rate for SME SEPA payments is 8c per transaction, I expect re-turn could negotiate this to 1-2c per transaction).

For cards, as these are refunds, sales rates don't aoply indeed some parts of card fees work in reverse when refunding. Again, re-turn could negotiate minimal fees for these transactions.

They could also build in limits to manage their processing cost (e.g. minimum withdrawal of €10, etc).

I am not saying the overall facility of direct consumer reimbursement would be low cost; developing & maintaing the app, keeping consumer banking details secure, meeting potential regulations around anti money laundering, defending against fraud, ensuring operational resilience, etc all of these would have cost. But transaction fees would not be significant.

Again I say re-turn was not designed for direct reimbursement and changing it now will be the biggest impediment.

bog master

Odd one today in my local Aldi. Machines reasonably reliable and staff (when you can find one) are excellent, as in even offering my return € when machine malfunctioned and no receipt was issued. They were taking my word.

I digress,, first time seeing someone asking for cash refund. The cashier looked at his receipt, and with a ??? fob on her keyring had to enter in the number of returns on the receipt, which was approximately 40 items or so.

Swipe once, twice, three times etc. And most swipes needed at least 2 passes.

She apologized for holding me up, but what a joke.