Should Vending Operators Offer Cashless Payment Options?

A recent survey showed that vending machine operators reported an immediate halt in vandalism and theft from vending machines one a cashless payment system was installed. Not only are machine handling and storing less cash, they now have the capability to electronically track all transactions. As a result of this vending operators were not only experiencing a higher volume in sales, but they were also saving money on vending machine repair or replacement.

Vending machines offering a cashless payment option generated more sales than traditional cash only payment option vending machines. As an Antares vending operator you will find that offering a cashless payment option in your vending machine will generate higher profits for you. A vending machine operator once carried out an experiment by placing two vending machines that offer the same products in a location. One machine accepted only cash transactions while the other accepted only credit card transactions. The vending machine accepting credit cards generated 15% more revenues than the cash only vending machine. Forty seven percent of its transactions were multiple product purchases. This just goes to show you what trend is going to be the popular in the coming future. The other retail industries are all using cashless payment options, so why not you as an Antares vending operator.

Cashless vending can help turn around your Antares vending business. Since everything else is more convenient for the customer, then your profits will only rise. Other vending operators have seen the benefits of this payment options and have implemented it in their business. Cashless vending has also allowed vending operators to offer products not traditionally found in vending machines.

Cashless vending options will be cost efficient for those Antares vending operators who maintain large accounts. In such cases you will find a significant number of vending machines placed in a large company or maybe in a location that has high traffic. Cashless vending options are on the rise even though the technology is still quite expensive. There would be little benefit in offering this payment option on vending machines servicing a small group of people.