copperglobe
Active member
There have been several posts lately talking about tokens- I started one of them.
A friend in another market at his washes started vending secure tokens from his bill changers about two years ago. The customer puts in $1 bill and he receives one token. However, that token is worth $1.25 in all his machines. Same for $5, $10, $20 bills. They get 5, 10 or 20 tokens and each one is worth $1.25 in any machine. Customers can still use their quarters that they bring or credit/debit cards as well. He says that those tokens are super popular and that his quarter deposits dropped substantially and his overall numbers (cash deposits) went up. He also raised his vacs to $1.25 and vending to $1.25 with the change which would still be one token but would require that extra quarter for those with quarters. Don't know what to think about his approach....
A friend in another market at his washes started vending secure tokens from his bill changers about two years ago. The customer puts in $1 bill and he receives one token. However, that token is worth $1.25 in all his machines. Same for $5, $10, $20 bills. They get 5, 10 or 20 tokens and each one is worth $1.25 in any machine. Customers can still use their quarters that they bring or credit/debit cards as well. He says that those tokens are super popular and that his quarter deposits dropped substantially and his overall numbers (cash deposits) went up. He also raised his vacs to $1.25 and vending to $1.25 with the change which would still be one token but would require that extra quarter for those with quarters. Don't know what to think about his approach....
