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Navigating the Coin Shortage

August 3rd, 2020 | Posted by Lindsay Hottovy in Vending machines - (Comments Off on Navigating the Coin Shortage)

The growth of COVID-19 has inconvenienced businesses across the world. It has led to the temporary closure of businesses, effected essential supplies and has led to a coin shortage across the United States. While this may seem like a detriment to the vending industry, it can actually be seen as a way for your vending business to grow.

With fewer people using coins in order to slow the spread of COVID-19 between currencies, vending operators need to ensure customers are still able to purchase products from their vending machines. This can be accomplished through a cashless card reader, such as Greenlite.

Greenlite can be added to numerous vending machines that eVending has to offer, such as the Elite Series of vending machines. Greenlite allows vending customers to pay for products with credit/debit cards and mobile wallets, such as Google Pay and Apple Pay. On the operator’s side, Greenlite gives you access to sales and accounting insights to save you time and money on overhead costs.

PayRange, a leading mobile payment app, is a standard feature on select eVending vending machines. It is a fast and secure way for customers to pay for products, without having to carry around physical cash or coins. This contactless payment system eliminates payment as a barrier and increases the overall user experience. 

With so many things changing around the world, it is essential that you vending business is changing with it. If the coin shortage continues, the vending business may be more affected. It is your job to ensure that your business does not suffer. To find out more about vending payments, give us a call at 800-944-5524.

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.