quotealex Posted March 13, 2011 Share Posted March 13, 2011 I've heard that the Beaver Machine Corporation is working on a cashless vending machine but I dont know if the machines will need to be plugged into and an electrical outlet or not. Do you guys see these small coins operated machines going the cashless route soon? Link to comment Share on other sites More sharing options...
Smiley Posted March 13, 2011 Share Posted March 13, 2011 We can only hope. But, it will probably be too expensive to make a decent return on investment. Link to comment Share on other sites More sharing options...
NinnJinn Posted March 13, 2011 Share Posted March 13, 2011 it might happen, but don't expect anyone to change over to it anytime soon! the cost of transaction would cost more than what you are selling the gumball for. Pretty dumb IMO Link to comment Share on other sites More sharing options...
MrGranger Posted March 14, 2011 Share Posted March 14, 2011 Cost of transaction fees kills this for me BUT cities now use this type of system for parking meters. They get a "special" fee, which if made available to bulk vendors then I could see this happening. Except...the electricity. A plug-in is not always available and you'll have to start paying your locations for your electric bill. Link to comment Share on other sites More sharing options...
quotealex Posted March 14, 2011 Author Share Posted March 14, 2011 Except...the electricity. A plug-in is not always available and you'll have to start paying your locations for your electric bill. Bulk vending machines could be powered the same way those cheap solar hand calculators are powered ... Link to comment Share on other sites More sharing options...
Dude Posted March 14, 2011 Share Posted March 14, 2011 No need to have NASA technology in a 25c gumball machine LOL. This sounds like complete and total overkill hahaha. Link to comment Share on other sites More sharing options...
MrGranger Posted March 14, 2011 Share Posted March 14, 2011 Bulk vending machines could be powered the same way those cheap solar hand calculators are powered ... You'd have to have a lot of calculators to power the coin feeder and wi-fi connection to the internet to complete transactions. Add the cost of internet to the mix. If they also came out with $2-$10 vends then it might work out. But I don't see this working for .25 gumballs. Link to comment Share on other sites More sharing options...
JEREMYTINA Posted March 14, 2011 Share Posted March 14, 2011 You'd have to have a lot of calculators to power the coin feeder and wi-fi connection to the internet to complete transactions. Add the cost of internet to the mix. If they also came out with $2-$10 vends then it might work out. But I don't see this working for .25 gumballs. The biggest step for US bulk vending to overcome, time and again, comes back to $1 coins. That is the simplest and cheapest solution for our industry. However, we are a very small industry in a very large economy. Link to comment Share on other sites More sharing options...
quotealex Posted March 14, 2011 Author Share Posted March 14, 2011 The biggest step for US bulk vending to overcome, time and again, comes back to $1 coins. That is the simplest and cheapest solution for our industry. However, we are a very small industry in a very large economy. I thought you guys had $1 coins! I could have sworn I've seen some $1US coins when I visited the States a couple of years ago. Here in Canada we have $1 and $2 coins but saddly it seems less and less people are using money and more and more prefer paying by debit cards even for low priced items.... Link to comment Share on other sites More sharing options...
quotealex Posted March 14, 2011 Author Share Posted March 14, 2011 You'd have to have a lot of calculators to power the coin feeder and wi-fi connection to the internet to complete transactions. Add the cost of internet to the mix. If they also came out with $2-$10 vends then it might work out. But I don't see this working for .25 gumballs. I may be wrong, but I don't think with the micro-chip installed in most debit cards (at lease here in Canada)these days you would need wi-fi connection to the internet since all the information can be stored into the micro-chip card. What is needed IMO is a device with flash memory (no electricity needed)that will read and store the informations in the vending machine. The vendor would only need to insert his/her card into the vending to retreive the virtual cash and then go to any ATM machine to deposit it into his bank account:) Link to comment Share on other sites More sharing options...
Dude Posted March 14, 2011 Share Posted March 14, 2011 We do have $1 coins, they are made of brass I believe. I have about $20 in $1 coins and some are dated(2000), some aren't, I think there's at least 6 different images from presidents to an Native American woman with a baby. Link to comment Share on other sites More sharing options...
JEREMYTINA Posted March 14, 2011 Share Posted March 14, 2011 We do have $1 coins, they are made of brass I believe. I have about $20 in $1 coins and some are dated(2000), some aren't, I think there's at least 6 different images from presidents to an Native American woman with a baby. Here's a great link: Aol news Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.