SubscribeA mainstay of shops and businesses where kids gather in droves, toy vending machines have traditionally been used to sell small, encapsulated toys at inexpensive prices. However, improvements in the lightweight alloys and plastics used to manufacture vending machines, as well as advancements in the technology that powers vending machine payment systems, have allowed both manufacturers and vendors to get more creative. Today, toy vending machines are more versatile, with the ability to offer branded toys, must-have action figures, plush stuffed animals and much more.
Tag: Credit Card Vending Machines
DVD Vending Machines
Having taken the European and Japanese DVD rental markets by storm, DVD vending machines that both sell and rent fast-moving motion picture releases are being touted as the wave of the future. Given that 90 percent of DVD sales and rentals are generated from new releases, DVD vending machines present entrepreneurs with an opportunity to cash in on the $8 billion a year DVD rental industry without worrying about the overhead costs associated with opening a video store. You don’t have to rent space, pay employees or meet expensive operating costs; all the owners of a DVD vending machine needs to do is ensure that the products their customers want are readily available.
Credit Card Vending Machines
In response to customer demand for vending machines that don’t require the hassle of exact change, manufacturers are focusing their development efforts on creating units that accept credit and debit card payments. More and more, vending machine owners are preferring to purchase models that allow for credit card use. Statistics show that the average amount of money a customer spends in a cash-only vending machine is $1.06. However, when credit cards are accepted, people spend an average of $1.87. That represents a 63 percent spike in sales. Studies also show that customers are much more likely to purchase multiple items from a vending machine that allows credit card payment.