Why buy

The use of debit and credit cards is increasing all over the world, and is likely to do so for many years to come. One consequence being, of course, that the people are carrying less and less cash. In this context the cash, or rather the absence of cash becomes a restriction.

90% of all vending machines are based on cash as the settlement. The prognoses telling that the coming generations will use debit and credit cards as payment method even more than us. In the future the sales by vending machines will drop off. The vending machine industry and the vending machine interest organizations have paid much attention to this fact. Scientific research has been done by Dr. Michael l. Kasavana, PhD, SHTP, NCE, by The School of Hospitality Business, Michigan State University. Also, the European Vending Association organized the 3-day conference Visions of Vending in Cologne, Germany in 2007.

All conclusions are the same: The vending market has stopped growing, the future looks dark and changes have to be made. A cashless solution will increase the sales thru wider availability, new products and product ranges. A cashless solution for vending machines will also be cost efficient thru more efficient vending operation.

Research tells that the implementation of equipment for cashless vending, like ours, will increase the use/visit at the vending machines by 15%. Each purchase will have an increased turnover by 37%.

CashFree Vending systems increase sales
CashFree vending systems open the possibility of an impulse purchase for the customer.

More visits by customers
Customers are always carrying cards. They buy when they are tempted.

Bigger purchase volumes
Customers are being tempted to another purchase.

Quicker visits
Swipe the card and select. No time spent counting coins. No time spent inserting coins.

Larger availability
The vending machine does not contain cash, which means a reduced risk of break-ins. Thus, the vending machine can be placed on more locations.

Allows price increases
When the customer is tempted by a product they swipe their card, picks a product and does not, to the same degree, check the price.

Campaign facilities
Remote product pricing of all your vending machines is possible via our website, from your PC. You can make price changes in relation to advertising campaigns.

Customized pricing
Different pricing for special customers, groups, members etc.

Opens for wider product ranges
Product prices aren’t restricted by the value of coins.

Online web server with stock level control
A vending machine with a solution from CashFree Vending is “never” empty. When a customer finds a vending machine empty for the preferred product, a sale can be lost.

CashFree Vending solutions reduce costs
Vandalism and vending machine break-ins cause huge repair costs for the vending machine operator. These crimes are motivated by the cash traditionally found inside vending machines. With a CashFree Vending solution, you can avoid these break-ins. In addition, a CashFree Vending solution saves the vending operators the cost of cash collecting, transport and cash reporting.

The CashFree Vending solution connected to our web service
With CashFree Vending Remote Administrator, you get a complete overview of the vending machine stocks. Thus you can easily plan the refilling of the vending machines.