For retailers and business owners, vending machine theft is a serious problem. Vendors, already dealing with low-profit margins, are negatively affected by the act of tampering and theft. This can significantly cause a loss in revenue, not to mention the downtime the machine encounters.
The sad reality is that there are a lot of people who will deliberately try and scam even new vending machines you’ve installed. They can either tamper your machine through coin fraud, break-ins, vandalism, etc.
If you own a vending machine in a public area, you truly understand how these acts can seriously damage your profits, but as much as you want to avoid these circumstances, this can truly happen from time to time.
Have you been asking yourself: how should I secure my vending machines to ensure the best profits and avoid any break-ins?
The great news is, there are tips and tricks you can do to make your vending machine business less inviting to would-be thefts.
Place the Machine in Visible and High-traffic Areas
Incidents, like vandalism and break-ins, are less likely to happen when your vending machine gets a lot of foot traffic.
Once you keep your vending machine in dark and isolated places, it becomes more vulnerable and attractive for thieves to tamper.
What’s great about keeping your vending machines in high-traffic areas is you’ll not only secure your machine’s safety, but you will also increase your business’ profits because your products become readily accessible for most people.
Heighten Security with CCTV Systems
One of the most powerful deterrents to thieves and vandals is a security camera. You’d wonder and think that installing CCTV systems is an added expense, but this is a worthwhile investment. With more and more affordable wireless security cameras that are easy to install and maintain, you’ll get the best advantage in monitoring your machines with ease and convenience.
When worse comes to worst and thieves and vandals continue to perform such acts while ignoring the camera, you can then provide strong video evidence of the crime that has been committed. This helps the police track down notorious burglars and thieves tampering vending machines.
Post Warning Signs
When you’ve done everything above and the incidents just keep on repeating and repeating, you can also post a simple warning sign. Signs that say, “All coins and bills are removed daily.” or “Alarm activated when tampered.” are enough to convince many would-be vandals to avoid your vending machine. It makes it less attractive and an unworthy pursuit. Most thieves will not run the risk of being in a bad position.
Even if your vending machine doesn’t have an alarm, this simple decoy could save you tons of cash and reduce your downtime significantly.
Buy Advanced and Up-to-Date Vending Machines
For years, poor old vending machines have earned a bit of a bad rap. They are just boxy machines operated in the 80s and 90s systems which makes them unreliable. As technology advances, so do vending machines. Today, vending machines have lived up to what they are – the future of retail.
Many new vending machines for sale are devised with fraud proofing controls as part of their design. Currency detectors, strong locks, kick-proof outer casing, and cashless payments are introduced to prevent any illegal incidents.
There are a lot of new vending machines for sale that house these technologies. All these are used to prevent fraudulent coins or worthless items being used for payment and to improve your profit margins as a vending machine owner.
The Future is Cashless
Are you wondering if a completely cashless vending machine is the wave of the future or is it a worthwhile investment you should buy today? Cashless vending machines is a great way you can say goodbye to stolen coins and bills.
Cashless equals more Profit
A cashless form of payment is an increasingly convenient way for consumers to purchase and vending machine operators to earn more; this is common knowledge.
With the convenience that cashless payments offer, many operators will get to enjoy a steady cash flow as more customers shift and embrace a better way.
Cashless readers do not only boost sales and profit margins, but it can also create a greater experience for customers. This then increases customer satisfaction. In most cases, operators with vending machines that have cashless payment methods get a better investment.
The Trick of The Plastic
It’s real; when you use credit and debit cards you get to spend more. Are you asking why? Good question. The convenience you enjoy with debit and credit cards comes with a pitfall.
This has been psychologically proven that when people pay with cash, their pain sensors trigger and activate causing them to stop when they’ve reached their limit. Unlike when using cards, this pain sensor does not automatically trigger causing you to spend much.
The result of cashless payments translates to more impulse purchases which are particularly effective for vending. As an operator, more impulse purchases mean more profit.
The Winner Move
As a vending machine operator, you want to make the most out of your business. Are you looking for a way to turn your vending machine into a profitable one? You can add a card reader. Adding a card reader to your vending machine is indeed the winner move.
You can even remove cash intake options from your machine entirely. This way you don’t have to worry about losing profits from break-ins. Without this option, you encourage your customer to go completely cashless and use his/her card instead.
Cashless Payment Methods
For you to truly maximise your sales with a card reader, you need to maximise your cashless payment options. It doesn’t have to stop with cards.
Embrace convenience in vending. Try mobile payment options such as Apple Pay or Google Pay to lure in potential customers.
Invest in New Vending Machines for Sale Today!
At this point, you have probably understood what you need to do to keep your cash flow god. Whatever your decision is, we’re sure we’ve got the right solution for you. Invest in a vending machine today and turn your idle time into a good profit.
If you want to know more about new vending machines for sale and how we can help your business, don’t hesitate to get in touch with TCN Vending Australia.
