We were at $3 for 4 mins which comes out to $0.75/min with our old
coin boxes which had no visual timer and only accepted quarters and
tokens. Now I just recently updated our
coin boxes. They now take quarters,
tokens, $1, $5, $10 and cryptopay with a digital timer. I checked out my competitor he has the same
coin box but without cryptopay and he is at $7 for 10 mins at $0.70/min. And another competitor is at $5 for 10 mins at $0.50/min. For cryptopay's sake its better to have a higher start up than a lower one due to fees. So I am $7 for 10 mins at $0.70/min compared to $0.75/min. I had a customer come in and say I raised the price and I informed her that its actually cheaper now.
The new boxes have only been online for a month now. I have noticed more cash bills than quarters and
tokens, which is great! Also I thought credit cards were going to be higher but they aren't. I am fine with low CC transactions bc of the fees. I was told it was only suppose to be 2.5% but it looks more like 5%. I am going to contact worldpay to find out whats going on. I just have the cryptopay CC for customer convenience and hoping for them to spend more money than they would with cash.