How To Get Rid Of “Exact Change” Vending Situations
How many times have you faced the “exact change” situation in your vending business?Vending operators with coin operated vending equipment have to work with machines that accept a single or certain number of coins only. This may restrict the number of customers that buy vending products as some of them don’t have change.
With advancement of vending technology, you have the option of adopting new currency payment systems that allow customers to pay for desired products through different modes of payment, such as coins, bills and credit or debit card. Some of these machines even recycle bills and have multi vending facility.
Planet Antares vending machines allow you to satisfy maximum possible number of customers by giving them the ability to use whatever currency change they have at the point of purchase. This can not only increase sales but also enhance business profitability while providing convenient payment tools.
A wider variety of price points can be introduced in the vending machines without fear of consumer resistance due to the technological improvements. These have increased the reliability and durability of bill validators, currency acceptors and changers. So, customers are encourages to make impulse purchases rather than stop for finding the right number of coins or bills for the same.
When you offer multi payment options, there are various benefits from the same. The first and most obvious one is the ease of payment for customers. The second one is the ability to sell a larger variety of vending products for you. There is no restriction on the price either. Credit card users can easily pay for higher priced items without thinking twice. For example, vending machines that dispense digital products such as iPods are expensive and able to accept credit cards from customers on the run.
For vending equipment accepting dollars, there should be a dollar sorter installed therein. Dollar coins are given out as change while accepting $1 and $5 notes. Be careful about keeping the vending machines filled with coins to return as change when customers insert more than the exact amount of the purchase price. There’s the benefit of carrying lesser coins to the bank for you.
Once you have bought reliable and effective vending equipment like Antares vending machines, there will not be much difficulty in convincing location owners for keeping your vending machines. Such multi payment vending machines will not only enhance your business profits but also keep the location owners happy.
posted by Larry Bunker @ 8:31 AM
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