Featured In Automatic Merchandiser: The Hidden Cost Of Cash

What is the cost of accepting cash? A first blush response may be “nothing” because unlike cashless payments, there is no “discount” fee paid off the top to a processor nor a monthly connect fee for the equipment. Vending operators have long-favored cash in part because accepting it has been regarded as free especially when in comparison operators pay 5 to 7 percent for cashless payments. In an industry where every percent counts, this cashless fee is viewed by many as onerous and has been a barrier to greater cashless penetration. Full article