Jesse Posted January 28 Share Posted January 28 Candy machines.com has these cashless nayax gumball/toy capsule machines and I’m curious if there is anyone in these forums that owns one and how well it does with it being cashless. Looks like it will cost a pretty penny of 1000$. Do you think this would provide more income ? Or not be worth the investment at all? Link to comment Share on other sites More sharing options...
Popular Post gumball guy Posted January 28 Popular Post Share Posted January 28 1 hour ago, Jesse said: Candy machines.com has these cashless nayax gumball/toy capsule machines and I’m curious if there is anyone in these forums that owns one and how well it does with it being cashless. Looks like it will cost a pretty penny of 1000$. Do you think this would provide more income ? Or not be worth the investment at all? Sorry but my response is going to sound like the rantings of an old geezer who just poo poos any new technology. Honestly, I am always interested in new things and have looked at them but I have never tried one primarily because they just have never seemed practical in bulk vending. Overpriced mediocre single head machine, processing fees, the need for a power source, connectivity issues, coin/bill jams, machine theft and vandalism are just some of the concerns when considering going down this path. I don't see any viable avenue for this machine vending 1 inch products at a 50 cent max per item. The machine can be converted to vend 2 inch capsules which may get sales in the right location, but overall you are spending a lot of money on a machine that vends random cheapo toys unlike a snack or pop machine where you can pick exactly what you want. The fees, location commissions and rising product costs are a real issue because you can only go so high on what you can charge for any bulk product ($1 to $2) or it just won't sell. Add to that gas, insurance, taxes, etc... and that makes for a slow ROI. If someone was going to try this, I think the machine would have to be put into a safe, A+ location with a ton of foot traffic. Sadly, I don't think that any cashless option available today will stop the eventual demise of bulk vending. 2 Link to comment Share on other sites More sharing options...
Jesse Posted January 28 Author Share Posted January 28 Thank you for your honest response and insight on this product really needed to know this information! 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now