Cash is no longer King,
Cashless Vending Technology is here
As the vending machine industry rapidly moves forward, so do the payment systems available. Cash is becoming a thing of the past and Cashless Vending is a growing trend in vending machines. Cashless Technology enables the consumer to use their Mastercard, Visa or American Express cards to make a purchase from a vending machine using Credit or Debit Cards. This type of Cashless Vending Technology does not require PIN or signature and therefore creates a quick and easy experience for the consumer on the go.
How does Cashless Vending work?
Three easy steps –
- Insert, Tap & Go or Swipe your card on the cashless device on the vending machine
- Wait for your card to be authorised
- Choose your desired product
No longer does the consumer have to carry notes or coins from day to day. Instead Credit Card & Debit Card payments are proving to be a popular choice of payment in vending machines. We are finding that people are now using the vending machine for the first time with their Credit and Debit Cards because they rarely carry money in their wallet. They say their consumer vending experience has been enhanced because the Cashless Vending payment option makes it easy to pay for their vending machine purchases.
As well as Cashless Vending, Mobile payments are on the horizon utilising NFC Vending (near field communication) through Smart Phone Banking Apps and Smart Card Apps. This will enable consumers to avoid the unnecessary hassle of carrying multiple credit cards and other payment methods and use only one device that the consumer is likely to carry everywhere.
Would you like to embrace the Cashless Vending Technology and replace your current vending machine with a Gecko Vending Cashless Credit Card Vending Machine that will be able to accept your Credit and Debit Card payments? Please contact us with an email info@geckovending.com.au and we would be more than happy to accommodate your vending machine and payment needs.
