Planet Antares Cashless Vending – What’s The Buzz About?
All credit card companies have a single goal in mind – to increase their business profits!
In recent years, they have been striving for getting customers to use plastic instead of cash for small dollar transactions, like the transactions made in vending machines.
One dollar can fetch a consumer a soda or snack from a Planet Antares vending machine. The total of all vending machine purchases is something that credit card companies are aware of, and would like to be part of.
In 2003, there were more U.S. electronic payments than cash and check payments ever in history. Micro transactions, including those made at vending machines, accounted for $1.32 trillion in consumer spending. These have further expanded since 2003.
Credit and debit card associations aim to convert small purchases from cash to contact less, cashless payment technology. For organizations that have already implemented contactless payment options, the new technology has exceeded all company projections.
As a Planet Antares vending operator, you can implement this technology for the success of your business. The vending industry can play a significant role in converting consumers from cash to cashless transactions.
Currently, credit card companies are offering vending machine operators like Planet Antares vending operators, incentives to enhance their sales. These incentives include:
• Reduced credit card interchange rates
• Lesser transaction fees
Cashless payment options will be very beneficial for both credit card companies and vending machine operators in the long run by increasing profits for both. This new technology would be a relief to many customers who already enjoy the diversity of payment alternatives in other retail outlets.
People with hectic lifestyles will definitely be more inclined to garb a snack from a Planet Antares vending machine, if the machine has a cashless payment option. This implies that the product will be more accessible to them. By incorporating such a payment option in your vending machine, you can open up your products to new groups of customers.
In recent years, they have been striving for getting customers to use plastic instead of cash for small dollar transactions, like the transactions made in vending machines.
One dollar can fetch a consumer a soda or snack from a Planet Antares vending machine. The total of all vending machine purchases is something that credit card companies are aware of, and would like to be part of.
In 2003, there were more U.S. electronic payments than cash and check payments ever in history. Micro transactions, including those made at vending machines, accounted for $1.32 trillion in consumer spending. These have further expanded since 2003.
Credit and debit card associations aim to convert small purchases from cash to contact less, cashless payment technology. For organizations that have already implemented contactless payment options, the new technology has exceeded all company projections.
As a Planet Antares vending operator, you can implement this technology for the success of your business. The vending industry can play a significant role in converting consumers from cash to cashless transactions.
Currently, credit card companies are offering vending machine operators like Planet Antares vending operators, incentives to enhance their sales. These incentives include:
• Reduced credit card interchange rates
• Lesser transaction fees
Cashless payment options will be very beneficial for both credit card companies and vending machine operators in the long run by increasing profits for both. This new technology would be a relief to many customers who already enjoy the diversity of payment alternatives in other retail outlets.
People with hectic lifestyles will definitely be more inclined to garb a snack from a Planet Antares vending machine, if the machine has a cashless payment option. This implies that the product will be more accessible to them. By incorporating such a payment option in your vending machine, you can open up your products to new groups of customers.
posted by Jane Dickens at 12:19 AM
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