When it comes to the development of our project, the ultimate aim for us is to provide all Recyclix members with an efficient and quick access to the world of plastic waste recycling. This is why the most important item of the meeting agenda was about handling an increased number of small payout requests that we have been receiving during the past weeks in order to distribute the workload on our internal servers and minimize the request processing time.
Since Recyclix is not a finance company but a manufacturing business, it was decided to use a conventional method of capping the number of payouts to optimize performance without unnecessary costs.
Now users are entitled to making two withdrawals per week via PayPal, wire, or Bitcoin. Whilst the minimum withdrawal amounts remain the same at 100 EUR for non-SEPA wire accounts and 20 EUR for all other methods, the maximum payout amounts per transaction were set at 500 EUR for PayPal, 2500 EUR for Bitcoin, and 10,000 EUR for wire transfers.
This efficient measure will make it possible for all users of the system enjoy its smooth functioning in a more sustainable and balanced way.
Also, we would like to remind you that banks outside of the European Union may not support the feature of credit card withdrawals and you should mind it every time you would like to make a payout from Recyclix if your card is not issued by an EU-based bank.
Last year became a complete success for Recyclix and all of its members, helping us become one of the Europe’s biggest plastic waste recycling companies. That is why the issue of protection of the member accounts was also covered at the executive meeting, leading to implementation of several new features that will make your recycling workflows even more secure.
Firstly, we have added the Secret word feature that we recommend you to use as an extra protection tool to avoid fraud. Although this feature is not mandatory, by enabling it you will be able to verify that you are the true owner of the account just by calling us without the need to send us your ID via email.
Secondly, we have disabled the social media login option in order to prevent any possibility of account hacking due to weak passwords set by users in their social media accounts. And thirdly, we have made the use of 2FA option, or two-step verification, mandatory for everyone who has enabled withdrawals via Bitcoin in their Recyclix account.
Apart from that, we have updated our news section for enhanced transparency as well as in order to make our website more intuitive. Now you can access the news archive, which is located in the website footer, and check out our latest newsletters.
The last but not the least important thing we would like to share with you today has to do with Plastic Recycling Show Amsterdam 2017, which Recyclix will participate in for purposes of establishing new business ties, demonstrating its eco-friendly solutions to the show’s visitors, and reinforcing its position as one of the largest producers of recycled PP, HDPE, and LDPE plastic pellets in Europe.
As always, we would like to invite all of you to join us at PRS 2017 on March 29th – 30th so that we can have a chat about the recycling industry and shake hands. Our stand at the exhibition is D38.
Don’t forget to register as an exhibition visitor over here if you feel like visiting us on March 29th – 30th in Amsterdam.