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Make Money Without Cash

September 5th, 2019 | Posted by Matthew Shattuck in Buy vending machines | Vending machine | Vending machine business | Vending machine sales | Vending machines - (Comments Off on Make Money Without Cash)

 

For the past 88 years it has been our ownership’s goal to keep our customers up to date on trends in the vending industry. Our Greenlite Cashless System is the latest “must-have” that we have developed to serve our valued customers. Greenlite accepts debit cards, credit cards, and contactless payments from mobile devices. According to a recent census taken by the National Automatic Merchandising Association (NAMA) debit and credit cards are accepted on 89% of vending machines and contactless payments (Apple Pay, Android Pay, etc) are accepted on 77% of vending machines. 81% of vending transactions are made with debit or credit cards and 15% of vending transactions are made with contactless payments.  

Years ago people were apprehensive to use cashless payments on vending machines for fear of getting their information stolen or misused. However, now times have changed. People feel more safe and secure using credit and debit cards on machines. Customers feel so comfortable and find using them so convenient that over 80% of all vending transactions are with either credit or debit cards. The same pattern will likely happen with contactless payments on mobile devices. Right now only 15% of vending purchases are made with contactless payments. As the public learns more about contactless payments and grows more confident using them, the number of vending transactions using contactless payments will certainly rise. The Greenlite Cashless System accepts debit cards, credit cards, Android Pay, Apple Pay and other contactless payments. We really want to equip our customers with the tools necessary to thrive in a world that is growing more and more cashless. Greenlite not only accepts cashless payments but it provides the technology and online application necessary to organize and track purchases. Our Greenlite Data Plan users can track their inventory online and see how much money each machine is making. Greenlite also provides access detailed reports from your computer or smartphone. 

On average, the industry is seeing a 18%-30% increase in machine sales after adding a cashless payment system. It makes financial sense to invest in a cashless payment system. Thriving in the vending industry requires accepting cashless payments. For more information about our Greenlite Cashless System contact your eVending sales associate or call 1-888-836-3638.

Mobile Payment Options Increase Vending Machine Sales

June 29th, 2016 | Posted by Ajax Union in Buy vending machines | Vending machines - (Comments Off on Mobile Payment Options Increase Vending Machine Sales)

CardReaderAs technology progresses, fewer and fewer consumers are carrying cash and coins. Instead, financial transactions via credit and mobile devices are becoming more common. What’s more, card swiping devices, mobile payment, and other digital payment options are predicted to overtake ‘traditional’ payment methods in the near future, making it a must have in today’s vending market.

Research reveals that 49% of consumers, and 56% of Millennials, are already using / interested in using mobile payment technology and 18% of consumers say that they would use mobile payments if more locations accepted it.

Many consumers today, Millennials in particular, rarely carry cash and prefer cashless options such as credit / debit cards or other options such as Apple Pay which will likely be a revenue driver for vending machines. In fact, a recent study that began in March of 2016 found that vending machines advertising Apple Pay increased overall revenue by 22% while contactless purchases from those same vending machines rose 89%.

With all of that said, the market for cash and coin vending is still viable so don’t scrap your traditional payment acceptors just yet. The best way to increase your profit would be to provide customers with the best of both worlds by installing both cashless payment options and coin and cash acceptors on your machines.

All of eVending’s machines are equipped with the latest electronic coin changer and bill acceptor and have a standard peripheral opening for additional payment options such as Greenlite, a cashless system that accepts debit / credit cards and mobile payments including Apple Pay.  With Greenlite, you are able to remotely monitor your vending machine’s transactions from your web-based account.

Contact eVending today if you are interested purchasing a new vending machine with a cashless system or would like to add Greenlite’s mobile / wireless payment option to an existing vending machine.