The Impact of Cashless Vending

Cashless payment options in Planet Antares vending machines will help increase the customer of your vending operation. The customer base will see an increase because there will also be improved consumer satisfaction.

The Federal Reserve Board stated that electronic transactions exceed payments made by check or cash. In addition to this, credit card and debit card purchases continue to grow at an annual rate of 7% and 27% respectively.

Consumer comfort with cashless vending
Some years back, the public were a bit reluctant about using credit and debit cards for small dollar transactions. However with the prevalence of cashless transactions, having a cashless payment option in your Planet Antares vending machines will be extremely beneficial. Today small dollar cashless transactions take place in coffee shops and gas stations. These sectors have seen an increase in their sales as a result of this. A cashless payment option in your Planet Antares vending machines could mean that you will experience an increase in your sales.

Improved convenience and accessibility
With cashless payment options in vending machines, there will be a significant increase in convenience and accessibility. This is something that will make the vending machine industry more profitable by encouraging impulsive vending machine purchases. It has been noted that the public is inclined to make impulsive purchases when paying with a credit card. Increased impulse buying will result in improved sales and profits. Planet Antares vending machines are usually impulsive decisions, mainly because the vending machines are glass front vending machines. In this regard, the presence of a cashless payment option will serve to increase the sales of the snacks and beverages. If a person has the option of using a credit card or a debit card in a vending machine, he/she may be inclined to buy a soda.

Ground-breaking technology
The public is becoming increasingly attracted to self-service vending machine technologies, as well as cashless vending machine payment options. This technology has changed vending industry. With the coming years, we will only see future advancements where it will be possible to make purchases from vending machines using contactless RFID technology, as well as biometric payment options.

An Economic Way of Establishing a Vending Route

The vending route that you establish for your Planet Antares vending business is paramount to your success in the vending business. The best and most economic way to establish your route would be to do it yourself. This is of course something that you can do after you have carried out your own research on the vending industry. There is no way that you can establish a vending route unless you know exactly what you are looking for.

By establish a vending route on your own you will save on money that would have otherwise been used on a professional location company. There is really no need to pay someone to look for a location, when you can easily do it on your own. The people who feel that they don’t have any free time to go location hunting on their own are the ones that should hire a location company.

When you look for vending locations on your own, you just need to call on different locations, till you find the one that is willing to host your Planet Antares vending machines. The advantage that you would have, is that snack and beverage vending is popular in most locations. This usually leads to location owners looking for vending operators that can offer them the service, on their own. Nevertheless, since most locations already have vending machines, you need to be good in convincing them to host your Planet Antares vending machines. There will be many locations that will probably refuse your vending service, but you just need to keep on looking. When you get the location that will suit your vending needs, you will then need to negotiate on the commission that you will pay the location. The amount of the location should be according to the products that you are selling and the type of machine that you have. The amount that you offer the location owner should be reasonable. The location owner should not take a large percentage than is necessary. After paying your commission, you should be able to still make a profit.

The supplier that you engage to supply you with snacks and beverages should give you a great deal. If you get a supplier that can provide you with products at a lower cost than others, then he would be the best person to engage. This is because when you are buying the products cheaper, you will be able to sell them for more profits.

When you set up your Planet Antares vending route on your own, it will be more economical and at the same time, it will prepare you for any future acquisitions that you may want to make in the future.