It’s important to note that CLYNK doesn’t profit from the 5¢ or 15¢ deposit. That money is paid by the consumer when they buy a beverage and goes straight back when they redeem the container for a refund. The manufacturer then pays us a small additional fee each time we scan a bottle-bill authorized container and are able to refund the consumer for the corresponding deposit. We pay the customer first and are later reimbursed by the manufacturer.
At CLYNK, we make money in two ways:
- Handling and processing fees. These are the fees described above – paid by beverage manufacturers and distributors. Under the terms of Bottle Bill laws in states where we operate, these parties are held responsible for retrieving the packaging they introduce into the marketplace.
- Licensing fees for our proprietary processing technology. Typically, the Bottle Bill requires retailers to act as a facilitator in helping the manufacturers with their effort to collect containers back from consumers. Instead of maintaining designated container return space and staff in their stores, retailers pay fees to CLYNK to use our technology and services to assume those responsibilities.
CLYNK’s success as recycling facilitators depends upon our integrity. Every stakeholder, including you, relies on our commitment to efficient, accurate processing and deposit returns. Any failure on our part would threaten the viability of our business model. CLYNK only gets paid when you get paid. If we can’t refund your deposit, we don’t get paid by the manufacturer.