cashless payments

Vending Machines Increase Sales 35% after Accepting Cashless Payments

Michigan State University conducted an 18-month study evaluating the impact of cashless payments on vending machine sales. Their research showed machines with less than $2,000 in annual sales increased revenue by an average of 110% after the installment of cashless technology. “Cashless technology” mostly refers to credit and debit card acceptance at vending machines, but