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.