Vendotek and VMC
BY: Jo Burton
The rapid uptake of contactless payment technology by consumers can no longer be ignored by vending operators. The simple fact is that customers buying decisions are limited by the amount of cash they carry, nobody wants to carry around a wallet full of change, but almost everyone will carry a bank card or mobile phone with NFC payment functionality with them every day – clearly highlighting the future sales growth opportunity for the vending industry.
Today’s consumer expects choice and speed when making a payment, both of which contactless can deliver. It can also provide additional benefits in the form of reduced machine maintenance, no cash handling or theft issues, faster transfer of funds from machine to bank, and crucially 24/7 data capture providing vital knowledge about your customers and machines.
VMC have been leading the field in cashless payments since 1991 and are now receiving great feedback from their customers on the Vendotek contactless open payment solution. VMC are the exclusive distributor for Vendotek in the UK and Ireland.
Jill Bode, Vendotek UK Business Development Manager explains;
“The Vendotek contactless solution is plug & play so very quick and simple to install, it connects instantly via a 3G SIM enabling immediate service, providing rapid payments and more importantly competitive acquiring rates.”
“The fact is that today’s vending consumer behaves exactly the same as their retail counterpart, they want their item immediately when they see it, they don’t want to have to return later with cash in order to make the purchase. Vending machines are open 24/7, which means their payment options need to be fool proof in order to maintain all of those sales opportunities. Contactless provides the gateway for all types of purchase, whether it’s regular, scheduled or impulse – which in turns keeps your customers spending.”
There’s no denying the impressive list of benefits that the Vendotek terminal provides:
- PCI and EMVCo certified reader
- Accepts contactless & mobile payments
- Competitive merchant agreement
- No merchant set up fee
- Roaming SIM as standard
- Plug & play single mounting unit
To find out more click here* or visit us on stand 54 to try out the terminal for yourself – we look forward to seeing you there!
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