Still Using Cash Only in Your Vending Machine Business?
According to this infographic by Community Merchants USA, only 27% of purchases are made with cash, and cash sales are estimated to drop to only 23% by 2017. So that begs the question, are you still using cash only in your vending machine business? Step into the future with a credit/debit card and Google/Mobile Wallet capable vending machine. Accepting electronic payments increases the likelihood of impulse purchases and contributes to an increase in average sales. Offering this huge competitive advantage has owners/managers in prime, high-traffic locations instantly recognizing the convenience for their employees and customers.
Picture this: It’s 2:00 and Jane is hungry for a snack. She heads to the vending machine only to realize that, like many people, she doesn’t have any cash with her. This could be a lost sale for you and a frustrating experience for her. Luckily for Jane, her company has a HealthyYOU Vending machine, which allows her to use her credit/debit card or, even more conveniently, her smartphone to make the purchase.
What is Google/Mobile Wallet? Taking full advantage of the tap-n-pay trend, HealthyYOU Vending machines are capable of accepting Google/Mobile Wallet & PayPal Mobile, enabling consumers the ability to pay for their purchase with a tap of their smartphone. Google Wallet is a free digital wallet technology that securely stores your credit and debit cards. There are no fees associated with the Google Wallet card or app, and customers can even use their NFC-enabled android phones to tap and pay. The HealthyYOU Vending machine payment system can also process other NFC (Near Field Communication) devices like Visa PayWave & MasterCard PayPass via a new standard of wireless data transmission.
HealthyYOU Vending Offers Even More: Here are just a few more ways HealthyYOU Vending’s innovative machine technology can increase your healthy vending machine revenues and help you secure prime locations:
- Case studies show that cashless vending technology increases sales and increases the average amount spent by the consumer
- Cashless payment systems solve the issue of limited cash-on-hand or exact change requirements—no more digging around in the wallet, looking for crumpled dollar bills to smooth out
- Offer higher-priced, high-profit items and meal deals
- Increase sales opportunities
- Customers can pay with their preferred payment method
- Convenient for employees and customers
Although there will always be a need to have cash on hand, technology has made it easier and easier to accept and manage electronic payment transactions. Learn more by reading about HealthyYOU Vending’s cashless technologies or watch a video about our payment media console.