CASHLESS PAYMENTS – This your vending machine part of this quiet revolution ?
Sweden has been undergoing a quiet revolution in recent years. For today business in the country is almost entirely done with cashless payments. Many visitors to the country are astounding at how fast the transition from paper money and coins to a cashless society has taken hold, but crucially the vast majority of the population prefer the new system; after all heavy, cumbersome and awkward cash is a thing of the past, right?
UKVending prides itself as being at the forefront of the introduction of new technology and has fully embraced this new era of cashless payments with our latest vending machines.
There are so many advantages for both the customer and companies using cashless payment systems. For example we’ve all gone to a vending machine in the past and it flags up ‘exact change’ only or it expressly forbids using the only coins you have in your pocket, or alternatively you don’t have any cash at all on your person but still would like a drink or snack. In the old days you would have had simply walked on by and been unsatisfied; but not so with cashless payments. Cashless payments will allow customers to use credit cards, debit cards, prepaid cards as well as payments by SMS alongside mobile applications such as Apple Pay, Android Pay, Google Wallet or Monyx Wallet. What’s more, you can pay cashless anywhere in the world without the need to change your cash into the correct currency.
So these are just some of the many advantages for the customer, what about the companies offering cashless vending machines? There are a multitude of plus points for them too. These range from fast transactions, remote refunds and lower operating costs. Cashless also promotes increased sales because customers spend is not limited by the cash in their pocket. The machine’s internet connection will also automatically tell the operator when it is running low of stock and needs to be refilled doing away with the annoyance of out of stock notices.
FREQUENTLY ASKED QUESTIONS
Considering adding cashless payments to your business? Have questions?
Check out our FAQ’s, and contact us for even more, personalized information about how we can help your business with a cashless payment solution.
WHY OFFER CASHLESS PAYMENTS?
Cashless payment solutions offer you the opportunity to appeal to more consumers’ payment preferences. Not every potential consumer who comes to your machine has cash these days, and we don’t want you to miss a sale. By offering your customer cashless payments, you are allowing her to buy conveniently, with any credit or debit card, SMS, or mobile wallet apps like Apple Pay or Google Wallet. This offers convenience and security which in turn will lead to higher revenues for you
WHAT KIND OF CASHLESS PAYMENTS ARE ACCEPTED?
- Credit / Debit cards
- Mobile, SMS, and NFC payments
- Prepaid cards, closed environment
- Swipe, contact (insert), and contactless
HOW DO YOU PREVENT FRAUDULENT PURCHASES ?
Cashless payment solution includes an anti-fraud threshold that you can set, to ensure maximum transaction safety.
HOW DO I KNOW IF MY MACHINE IS COMPATIBLE ?
Cashless payment solutions are easy to install, simple to use, and compatible with all automated machine and standard protocols. Check out some of the machine manufacturers we already work with.
WHAT ABOUT TECHNOLOGY UPDATES ?
Software updates are available remotely, so you can enjoy the latest features and fixes without needing to visit each machine
ARE CASHLESS PAYMENTS SAFE AND SECURE ?
Cashless payment solutions meet the highest industry standards and are fully certified by the top institutions and meet regulatory compliance, including EMVCo (level 1 and 2), CE, FCC, RoHS, Mastercard PayPass, Visa payWave, PCI DSS
WHAT ABOUT CHARGEBACKS ?
Charge backs are handled remotely, without the hassle of contacting the issuer
WHAT IF THE CUSTOMER NEEDS A REFUND ?
Automated, remote refunds to the consumer
WHAT FEES ARE INVOLVED WITH A CASHLESS PAYMENT SOLUTION ?
Bank interaction, or terminal fee, interchange fee, acquire processing fee, and the merchant account fee are all included in the monthly service package.