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Recyclebank Sees Huge Jump in Program Usage

Written by Recycling Today Magazine
Published: January 27, 2009

Recyclebank reports that it has seen a significant increase in the number of municipalities using its collection program

Recyclebank reports that it has seen a significant increase in the number of municipalities using its collection program. The company, which provided the service to 35 municipalities and 100,000 homes in 2007, saw the number increase to 90 municipalities and 210,000 households last year. The company also expects to see that figure grow by more than 100 percent this year.

“With the current downturn in the economy Recyclebank offers cities and families alike the opportunity to save money,” says Ron Gonen, CEO and co-founder of Recyclebank. “By revolutionizing the way people view recycling, and ultimately consumption, we are able to put an annual average of $300 to $400 dollars of reward value in people's pockets.”

The company adds that through the reward program, they have been able to more than double recycling rates in every community that deploys the program. To date, Recyclebank households have diverted more than 60 million pounds of recyclables from the waste stream.

In addition to curbside collection, Recyclebank recently expanded the ability of its members to earn extra Points and help the environment through e-waste collection. Recyclebank has joined forces with Collective Good, gazelle and fl!pswap. Members are prompted to enter details of their devices including brand, model and condition and then can download a postage paid mailing label. Points are awarded and deposited in member accounts once the organization confirms receipt and condition. More than 94 percent of the e-waste devices that come in are refurbished and put back into use.

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Recyclebank At A Glance

New York

New York, Philadelphia and Houston

Javier Flaim


The Coca-Cola Company, Craton Equity Partners, Generation Investment Management, Kleiner Perkins Caufield & Byers, Paul Capital Investments, Physic Ventures, RRE Ventures LLC, Sigma Partners, Waste Management Inc., and Westly Group

4 Million+

300+ in all 50 states

Reward Partners

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