How Do Cashless Vending Machines Work?
How Do Commercial Vending Services Cashless Vending Machines Work?
Since the Covid-19 pandemic started in March 2020, we have received lots of enquiries about how cashless vending machines work. We have all become accustomed to paying for even small purchases by card, and we are not carrying much cash, so many of our customers are choosing to convert their vending machines to cashless payments.
The additional benefit is hygiene and reducing the risk of Covid-19 transmission – if purchasing a hot drink from cashless vending machine, the only point of contact is with the single-use recyclable cup.
Do I Need to Replace My Existing Vending Machines with Cashless Vending Machines?
The good news is that you do not need to replace your existing vending machines – we can retro-fit a card payment system to your existing vending machines, and we have done this for numerous customers. The payment unit bolts to the front of the machine, and is wired in, all in less than an hour.
What Types of Cashless Payments Will Vending Machines Take?
They take all debit and credit cards, plus mobile payments such as smart watches, Apple Pay etc…
Does Cashless Vending Increase Sales?
If you have ever struggled to find coins for a vending machine, or based your selection on the amount of change you have, then you will know that cashless vending machines can increase sales!
Can I Offer Free Vending to Customers or Employees?
Yes, we offer prepaid cards, so you can control spending, but still offer free vending to customers or employees.
Do Cashless Vending Machines Also Accept Coins?
Yes, they can still accept coins, so your customers and staff still have the option to pay with cash.
My Boss Still Needs Convincing – Are There Any Other Benefits to Cashless Vending?
Fewer breakdowns – many issues around vending machines not working relate to coins jamming, or to machines running out of change. By removing or reducing the use of coins, there are fewer breakdowns, and fewer annoyed customers.
But isn’t Cashless Vending Just a Fad?
In the UK there has been a gradual reduction in usage of cash for payments, but Covid-19 has speeded up the trend towards a cashless society. In July 2020, the Bank of England surveyed consumers on the impact of COVID-19, and 33% of consumers surveyed expected to make more non-cash payments in the next six months. Reasons given for this include convenience of card and contactless payments (16%) and acceptance of contactless versus cash payments (16%).
Source: www.bankofengland.co.uk/quarterly-bulletin/2020/2020-q4/cash-in-the-time-of-covid
Want to Know More About Cashless Vending?
If you would like more information on cashless vending, and our range of free vending machines, call us on 01623 883 010 or email direct using our contact form, and we’ll get back to you.
