Adding a cashless option to your vending machines will offer you access to real-time purchasing data, improving your chances of getting more sales (a growing percentage of prospects don’t carry cash), and telemetry software / vending machine management software will allow you assess and compare the performance of each type of machine at a glance. let’s check on what else a cashless vending system can do to make your life more easy.
Purchase in a shorter time
Similarly, because these machines simply require a swipe of a card or a wave of customers phone to complete a transaction, the process is substantially faster. Instead of digging through pockets and handbags for stray change, customer will spend seconds at the machine thanks to the recognition software.
Card longevity and security have both been improved
Security chips are built into the majority of freshly issued cards. These can help customers in a variety of ways. First and foremost, the payment medium itself never has to leave the consumer’s possession. Furthermore, the built-in chips provide additional encryption mechanisms, ensuring that you are protected from any potential theft. The same can be stated about mobile payments in terms of security.
Purchases made more frequently
Allowing customers to use cashless vending, whether you have a few machines scattered throughout the property or a suite giving full service vending, encourages them to make more purchases! It’s just human nature, but the easier something is to do, the more likely it is to be done.
Vending machine management software – Cash Management Is Easier
With more vending customers opting for cashless payment methods such as cards or phones, you’ll have less cash to worry about collecting and transmitting. This implies the overall process has a narrower margin of error.