If you’re always on the go and don’t like waiting in lines, or if you’re at work and need a caffeine boost in the middle of the afternoon, you’ve probably used a vending machine at least once or twice. They are quick and easy, and you don’t have to talk to anyone. The machine likely doesn’t end up causing much stress, but it can be annoying when your bag of snacks gets stuck with the last row, and you have to shake it off. Chip card readers are being put into newer credit card vending machine, and it’s essential to know how technology is changing.
You Don’t Have A Card With A Chip
Banks are transitioning from magnet strip cards to chip scanner cards. Therefore vending machines currently feature a line to swipe your credit card and a place for coins and cash. However, some have been modified to take chip readers. Putting your card in a vending machine is the same as putting it in a cash register at a store. The screen will tell you to put your card in, and then it will talk to your bank, verify your purchase, and tell you to take your card out.
Security Doesn’t Go Away Only As Vending Machine is Unchecked
The people who make payment terminals are not going to make it less safe to pay at a vending machine than at a payment terminal that a person staffs. Your card is just as secure in a vending machine as in the attachment a cashier has on their tablet. When you put your card into the hardware, the process of encrypting your purchase starts. The snack or beverage you purchased has a data code, just like everything else. This code is distinctive to your card and your buying.
Contactless Payments Are A Possibility
Many businesses are switching to payment methods like Apple Pay, Google Pay, and others. This means that vending machine card readers must keep up with the times. Think about the last time you went to the mall and wanted an ice-cold Coke. Before, all you had to do was take a dollar out of your pocket and wait for the bottle to fall. Now, you can pay for a drink like this with a digital wallet, cash, or a credit card. You never know who is carrying what these days. Some people like cash better.
Understand Your Existing Loyal Customers
If you want to update your vending machines, adding ways to pay without cash might not be a bad idea. But is the price worth it? Even though many people still don’t like to use credit cards for small purchases, it’s nice to have the option there in case they forget to get cash or leave their wallet at home before going to the vending machine. Credit card spending has become more common in recent years due to how easy it is to use. Adding the option to your vending machine could boost sales if more people use credit cards.