The cost of the machine is the main reason businesses are shying away from the scheme.
Just a third of shops are to offer the money-back services for empty plastic bottles, with the high cost of buying machines being a main factor in the low take-up.
400,000 bottles would need to be returned to break-even with any machine that a shop purchases to run the scheme.
While customers would receive 25-cent for each bottle returned, a shop would get just over 2 cent each.
Vincent Jennings is the CEO of The Convenience Stores & Newsagents Association of Ireland:
Looking at today's Currency Markets, one euro buys you £.085 and $1.08.
While the ISEQ Index of Irish Shares is at 8,816, up 0.2% since the opening.
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