Credit cards and vending machines

I never have cash. I’m one of the typical Gen. Y’ers that relies almost entirely on credit cards as a form of payment.

That makes things tricky when I get hungry at the office and the only available food is stuck in a vending machine – which requires cash money.

As it turns out, vending machine operators are paying attention to my generation’s cash aversion and are using technology to create cashless vending machines. And sales are up, according to the 2012 State of the Industry report by VendingMarketWatch.com.

Cashless sales were 84 percent higher in machines that had adopted the cashless option for longer than one year, compared to those using cashless for less than a year, according to USA Technologies, a leading vending industry technology provider.

And vending machine groups are targeting younger customers, who prefer the technology-based experience of vending over convenience, grocery and drug store for snacks and cold beverages, according to USA’s report.

The cashless machines rely on an “e-Port” pad which operates similar to a card swipe machine at a cash register (see photo).

I would be thrilled to see a cashless vending machine at the Daily Record. Perhaps my wallet wouldn’t, though.

Would you use a cashless vending machine? Where would you like to see them installed?

About Ashley Wislock

Business reporter focusing on retail for the York Daily Record/Sunday News. In my spare time, I'm a social media, sports, reality TV and celebrity gossip junkie. Contact me at awislock@ydr.com or 717-771-2029!
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