If you’re an on-the-go person who doesn’t want to wait in lines for your drinks or snacks, or if you need a quick caffeine kick during the afternoon, then vending machines are a great resource. They’re incredibly convenient and can be used just about anywhere with multiple payment types. If you’re a vending machine owner, you’ll want one of the 3 Best Vending Machine Credit Card Readers.
Besides the occasional frustration of shaking a bag of pretzels loose from the machine, it’s generally considered a relatively stress-free experience to buy items from a vending machine. However, what about when the machine eats a dollar bill? That’s can be an issue for cash transactions, but not for credit card reader transactions.
New generation vending machines are now equipped with chip card readers. This technology is helpful for both consumers and vending machine owners alike – consumers can keep track of their month vending purchases and vending machine owners can keep better track of the vending machine inventory.
Why Should You Invest in Credit Card Readers for Your Vending Machines?
Drive More Sales with More Convenience
A card reader, sometimes called a Point of Sale (POS), is a convenient and faster way to add sales of multiple products to your vending machines. It allows customers to receive multiple items at one time. This eliminates the need for them to buy only one or two items with the cash they have on hand.
Boost Your Sales with More Efficiency
One of the most critical factors a vending machine owner must consider is managing their time and money. With the Remote Management feature of USA Technologies, you can easily manage your machines from any device. This eliminates the need for you to manually enter data and provides valuable insight into your machines’ sales and inventory.
Top 3 Best Vending Machine Credit Card Readers
When choosing credit card readers for your vending machines, they should be simple and not be too intimidating for customers. Besides being able to accept credit and debit cards, your machines should also be designed to make them as convenient as possible.
Customers are more likely to trust the security of their cards. Therefore, they should also be user-friendly to let customers quickly figure out where the card goes and what they should do with it once the transaction is complete.
1. Cantaloupe ePort
The ePort hardware suite from Cantaloupe enables you to accept payments using various methods and devices. So whether you’re selling goods or services or dealing with a customer paying with a credit or debit card, you can accept payments anywhere.
USA Technologies was founded in 1992. It is a leading provider of wireless, payment, and networking services. The company has been recognized as a leader in the industry through its various products and services.
Here are the six primary readers they have:
- ePort Engage
- ePort Engage Combo
- ePort G11 Kit
- ePort G11 Pulse Kit
- ePort G10-Chip Kit
- ePort G10 Kit (Canada)
The ePort hardware suite from USA Technologies includes a card reader and a telemetry system that supports various payment methods. In addition, it features a sleek design and is ideal for traditional magnetic stripe and NFC devices.
USA Technologies charges a monthly service fee and a transaction fee based on the average purchase. The monthly fee is $7.95, and the transaction fee is 5.95%.
2. AirVend / 365 Retail
Arvind is an interactive tablet that displays nutritional information and provides users with various payment options, including mobile wallets and traditional magnetic stripe cards.
They are a manufacturer and supplier of electronic components and computers. It was founded in 2012. In 2015, it was acquired by 365 Retail Markets.
Arvind and Retail 365 Markets charge a monthly service fee of around $15 for each device. The total transaction fee is typically around 5%. It’s always best to confirm with the company before making a purchase.
AirVend’s 365Pay app is a mobile device that allows customers to pay for their purchases and manage their accounts. It also allows them to send and receive feedback. They’re currently working on adding a loyalty program, allowing them to provide additional payment options.
With the help of these 365’s touchless technology, you can upgrade your offerings and provide a more convenient and personalized vending experience.
The PicoVend Mini is a self-service vending machine that fits most standard NAMA knockouts. In addition, its compact size and versatile features make it ideal for various machine models.
The PicoVend Mini is a part of the 365 PicoPlatform, which provides a variety of products and services for vending machines. It can be used to enhance the efficiency of your fleet. In addition, its touchless technology and on-screen nutritional information can help you provide a more personalized and convenient experience.
The 365 PicoVend Mini is ideal for vending machines that need to provide a convenient and personalized experience. It can only be used with AT&T SIM cards.
The rise of the new age of vending machine technology has led to the development of advanced solutions that are easy to integrate and upgrade. With the help of PicoVend, operators can now provide their customers with a more personalized and convenient experience.
The sleek and versatile design of the PicoVend Mini allows operators to easily upgrade their machines and provide more effective and personalized services. In addition, its interactive display and versatile features can help them promote its products and services.
365 Touchless Vending
The industry’s go-to for providing safe and worry-free vending experiences, 365Pay is an innovative touchless solution that works seamlessly between your vending machine and your customers’ smartphones. This eliminates the need for a connectivity setup, and it can be used between your machines and customers using a simple Bluetooth connection.
3. Nayax VPOS Touch Cashless Credit Card Reader
Since 2005, Nayax has been a leading provider of solutions and services to the unattended machine industry. The company has over 200,000 devices globally.
VPOS is a secure and reliable payment solution that accepts various types of cards, such as magnetic stripe and chip cards. It can also be used to interact with your consumers through voice. This product is easy to install and is compatible with all types of automated machines.
Nayax’s cashless payment suite allows you to accept many payment methods, including e-commerce, credit and debit cards, and bank accounts. As a result, you can have a high acceptance rate and more with a complete solution that eliminates the need for multiple steps, such as opening a merchant account, managing a bank account, and connecting to a payment gateway. You can also offer various discounts by adding an automated option to your existing cards.
Increase Your Revenue by 30%
According to experts, their marketing platform can increase a store’s revenue by up to 30%. In addition, they have a variety of solutions that help you promote your business on various platforms while also helping you make informed decisions regarding your offline sales.
Cut Your Cost Down by 20%
The solution from Nayax allows you to manage your online activities and ensure that you only have one point of contact. Through their managed services, their customers saw a 20% reduction in their operational costs.
They are also well known for their excellent customer service. Through a dedicated representative, you can reach out to them whenever you have a problem or need help. Their staff are knowledgeable about the products and services with fast response to inquiries.
Do I Need a Chip-Enabled Card to Use a Vending Machine?
Although banks are currently transitioning to using chip-enabled cards, you don’t need a chip-enabled card to use a vending machine. Since some machines are still equipped with a magnetic stripe, you can still use your card to pay for items.
In vending machines, you press the button to insert your card. It will then communicate with your bank and ask you to remove it. This process is similar to what you would do at a checkout counter.
One of the most important things to note about using a vending machine is that there is no one on the premises to remind you to dip your card. This is because all the cards currently equipped with chip-enabled chips have a magnetic stripe.
However, if you’re still unsure which one to use, the machine might not allow you to proceed with the transaction. This is because it knows that your card has a chip and it’s waiting for you to swipe it.
Is the Vending Machine Credit Card Reader Secure?
Vending machine credit card reader is designed to be secure. Unlike a payment terminal operated by an employee, a person can still dip their card in a vending machine as safe as they would in a drawer.
When you insert your card into the hardware, it’s then encrypted. This process will continue until you reach the point where you want to pay for something. Then, the data code will change each time you make a purchase. This is the reason why chip-reading technology is so fraud-resistant.
When you enter your transaction code, it will be sent to your bank, which will then transfer to the receiving bank. Unlike other forms of payment, such as credit cards, vending machines do not require a signature or PIN.
In addition to being faster than the magnetic stripe, chip transactions also take less time to process. This is because the data is transferred in real-time, making tracking what’s happening with your payment more manageable. A few more seconds at the vending machine can be precious when it means that your transaction is secure.
Credit card readers are also useful for other types of hardware and machines that you can find on the Micro Real Estate site.