Some go thru just fine, and some are like dropping a spanner into a set of gears.
You wouldn’t believe how many people reported significant wasp activity during the very warm weekends, all those smelly beer cans and so on really drew in the wasps.
My opinion on Mandate is… mixed.
Another great "feature" of Re-Turn. My father nearly died from anaphylaxis years ago due to a sting in the neck. Its dangerous as he didn't know he'd react badly as had never been stung.
Probably take with you or leave as tip for staff.
Very few will bother to take returns due to our large exemption size of 250 square metres.
Does anyone know when this implementation/stats report is due out? I thought it was early July but no sign yet.
If I recall correctly each item returned via RVM is worth 2.2 cent.
Error post
About 4.55 on the Friday before August Bank Holiday. Ideally against the backdrop of an unfolding tragedy or scandal or celebrity death somewhere else in the news.
You’re correct. I went and did some more reading and you are correct and I am wrong. It seems to vary from €0.022 to €0.026. I was genuinely told that it was 7c per 100 returns.
But it could take around 3 years for Tesco to recover the €15 million cost of installing the machines. A few months ago they reported 200 million returns in the first year. That would be €4.4 million from the 2.2 cents payments. It will probably be shorter though beacuse they were counting from February 2024, and the early months were low.
Quite a difference eh? Valuable stuff them old cans.
There's also a subsidy scheme for the first three years of low usage RVMs; something I suspect no Tesco has though!
The subsidy is explained here, along with other information. From before the scheme.
https://re-turn.ie/wp-content/uploads/2023/07/Retailer-Handling-Fees-Update-July-2023.pdf
A significant difference yes. It leads me to question it now if Tesco track it differently to recover their costs VS investment. Tesco said they invested €15,000,000 into their DRS machines. I don’t know, I’m not in management anymore and I’m just trying to think outside the bubble why my current Store Mnager told us those figures.
Now that I know the figures, makes me think that hosting a house party now might become a part-time job…
In fairness, in my experience the machines have dramatically improved (probably due to software updates?) compared to the first few months of the scheme. Most machines were absolutely terrible in the beginning, you'd have to insert every bottle/can 4 or 5 times for it to be accepted, machines were going dead mid transaction and so on.
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That looks like a very good return on investment, unless maintenance and operating costs are very high.
Good return, it is a brilliant business plan. Shops with an RVM machine get raw materials (cans & PET) delivered for free and sorted. Crush the cans and store them and be paid for this. ReScam collects sorted and crushed final product ready for sale.
Shops get paid, ReScam gets paid, hmm, seems someone who does the most work does not!
Plus interest they accumulate while holding your deposit money. Either shops or re-hassle. Very few people bother to bring back bottles or cans the same day or the next one. Majority of people sit on them till they accumulate enough to warrant hauling bag of them back and that mean probably once a week 10-20 euro. Does not look a lot but multiply that amount by enough of people and you see they get to hold and use millions every week. Not only that these are interest free finances at their disposal they can and most likely are earning interest themselves.
The bin surrounds are being put in new areas. The report from 10 July says that 1.6 billion containers have been returned. If 5 million was sold every calendar day from 01 Feb 2024, that would make a return rate of 61%. But it would be higher than that because of the sale of non logo containers in the early months.
https://re-turn.ie/re-turn-rolls-out-bin-surrounds-programme-across-ireland/
A year on I'm grand with it, the machines are fine, I was happy with putting them in my green bin but things change for better or worse, thats life.
Anyway my big bug bear that I would like to see in the future implemented is the ability for the voucher to be loaded onto an app on your phone. Ive lost count how many times, I've did the return, went off shopping and forgotten to scan the voucher at the till.
It is a two way street. It would need agreement between DRS and multiple financial institutions to operate. And they would not do it for free.
Would 54,000,000 euro per year cover it?
Like the vouchers which someone forgets to redeem on the day, that €54 million is available forever to be claimed. The shoppers can spend the vouchers whenever they go shopping again, or get cash for them. And anyone who wants their money back out of the €54 million simply has to bring their cans/bottles to a machine. I would not be in favour of DRS lining the pockets of the banks just to make life easier for forgetful shoppers.
Good man. Forgot about those 270,000,000 containers Ive been keeping out in the shed. Was just waiting for the right time to return them.
No, it wouldn't. SEPA and card schemes like Visa and MasterCard exist to enable value movements like this.
You would need
None of this is rocket science.
The biggest stumbling block I see is if the codes at step 1 are coded to specific retailers, the fact they cannot be redeemed in other stores suggest they might well be. Retailers may have insisted on this to 'ensure footfall', and once such specificity is designed in, it could be difficult to design out.
Linden Village cider 500ml has the R logo and is part of the scheme.
But, two Tesco RVMs rejected it. ☹️
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.
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.
