For many of us, cash has largely become a thing of the past. Mobile apps and debit cards are taking its place, and cashless vending machines have to keep up with the constantly evolving technology. Meanwhile, cash-only machines are quickly becoming obsolete in Dallas, TX. Take a look at how updated vending machines and cashless micro markets benefit both the operator and the consumer.
Operators boost revenue
Vending machine operators must evolve with the times, which includes expanding beyond coins and paper bills. Cashless vending machines that accept cards, prepaid accounts and mobile pay reach a broad consumer base. Even though it’s expensive to install cashless payment options, the return on investment for operators is well worth it.
Cashless payment options are a smart move for vending machine operators because fewer people these days keep cash in their wallets. This feature also gives operators an advantage over their competitors who haven’t updated their cash-only machines. Cashless vending machines are the new standard and vital for keeping pace within the industry.
Track sales and repairs with Bluetooth
Vending machines with cashless payment options also have Bluetooth capabilities. Bluetooth lets operators track sales, check inventory levels and schedule maintenance from the comfort of their office. A remote management system cuts down on transportation across Dallas, TX and reduces labor costs because no one has to visit the vending machine to take inventory or complete a service check.
Vending machines equipped with Bluetooth not only save operators money, but also increase profits. Management systems send alerts whenever the machine is low on product or experiences a malfunction. Operators can resolve issues much faster, which means the vending machines will be out of commission for a shorter amount of time.
Instant refunds for customers
Cashless payment options benefit consumers, too. Many vending machines now have touch screens that allow customers to report a problem. If the customer pays but doesn’t receive their product, they can submit contact information on the screen for a refund. Cash-only machines aren’t capable of providing such immediate customer service.
Self-checkout and loyalty rewards
Cashless micro markets are rising in popularity throughout Dallas, TX. They combine the 24/7 availability of vending machines with the food selection customers get from traditional markets. With digital kiosks, consumers can choose a payment option that’s most convenient for them. These kiosks will take credit and debit cards, Apple Pay and even QR codes for a more secure shopping experience.
Also, recurring customers can enjoy loyalty rewards. Unlike cash-only vending machines, cashless micro markets have kiosks that advertise and provide discounts to regular customers. Traditional vending machines won’t be able to compete with these micro markets because they charge the same price every time. Reward systems are a win not only for consumers, but for operators as well, because they profit from repeat business.
It’s fair to assume cashless payment methods are here to stay. When you’re ready to switch from cash-only to cashless, get in touch with the suppliers at ABC Vending Co. We provide industry-leading micro markets and vending machines equipped with the latest payment options. The employees in your Dallas, TX office will surely thank you for the upgrade!