Trends In Currency Handling For Planet Antares Vending Machines

With the rise in competition and industry responsiveness towards vending customers, a growing number of vending operators are feeling the need for eliminating ‘exact change’ situations. The vending technology has been upgraded and innovated to meet these requirements. Planet Antares vending machines are using new currency payment systems that have the requisite features to avoid any such problems.

Moreover, certain vending machines are even capable of recycling bills which can result in multi vending solutions. With the evolution of new techniques, vending operators are finding new ways and tools to offer easier and more convenient payment options to their customers.

It is common for people to turn away from a vending machine because they are not carrying the exact change required for buying the desired products. if your Antares vending machine can offer customers the ability to use whatever change they have for purchasing products, there will definitely be a positive impact on the sales and profits of your vending business.

With more and more having the convenience of paying with the currency they have, there can be larger vending machine revenue. All you need to do is introduce advanced currency acceptors and change detectors in your equipment. This will help in ensuring higher sales and smoother operations too.

The reliability, durability and versatility of vending technology have made new changes in bill acceptors and changers. The various benefits of using such upgraded technology include the following:
• Reduction of consumer price resistance
• Ability to enhance product variety
• Wider choice in price points

All these benefits will make vending machines more responsive to customer needs and requirements. On the other hand, you can get higher sales and revenue by using such technology.

Commonly, bill acceptors accept denominations over one dollar and pay-out change in the form of coins. Customers will appreciate a change to acceptance of five dollar bills. On the other hand, this will help in increasing customer base as well as your Planet Antares vending business sales.

You will also feel that cash collection and counting becomes easier with higher denomination currency. You won’t have to count and stack a huge amount of bills, thanks to the higher capacity of coin changers and vending technology upgrades.

If your machine accepts 1 and 5 dollar bills, there will be need to sort them out. This issue can be easily handled by using a dual pocket coin sorter. Supporting higher denomination bills is a feature worth investing in. offering dollar coin payouts can make vending even more convenient and faster for customers.

As the number of working professionals continues to rise, the vending machine sales will also boom. However, there will be need for you to adopt certain strategies that can make customer’s vending experience simpler and convenient while providing higher income for your vending business.

Operating Lease For Vending Machines

If you are not willing to invest a large amount of money in your vending business, you have various options that can help in getting equipment at less costs and yield high returns. One such option is to use operating lease. It has the benefit of providing higher ROA (return on assets) as well as reducing the operator’s risk by enhancing flexibility in asset allocation to the highest revenue generating location.

Leasing vending equipment is the same as taking any other equipment on lease. You can find reliable vending machines from Planet Antares Inc.

The different advantages of taking vending machines on operating lease include the following:

• Induces flexibility of lease through lesser fixed cost purchase
• you won’t have to worry about equipment obsolescence
• various strategic requirements can be fulfilled with more capital available for channelisation
• the lease cost of vending machines is matched with the revenue stream of a contract

As compared to previous years, more and more products, component features and technological innovations are being introduced by vending machine manufacturers. These changes can lead to higher sales and profitability. However, this is only possible if you invest more money in acquisition and upgradation of equipment as well as current bestseller products. You also need to dispose off the obsolete and broken machinery.

In order to improve cash flow and the return on assets, you must ensure that one or both of the below occur:

• Reduction in investment base
• increase in profitability

An operating lease allows you to be successful at both these factors. It will be easier to increase ROA and obtain a sound balance between fixed and variable costs. When you take the machines on lease instead of purchasing it, your fixed costs will be reduced and the equipment will become a variable cost. On the other hand, the investment gets eliminated on the balance sheet.

This means that you will have greater flexibility in business. Also, you have the option of saving your funds and using them for better purposes. The headache of maintaining the equipment is not yours. You can carry out operations in a stress-free, efficient manner. This makes operating
lease a worthwhile investment.

The time period of an operating lease taken by an Antares vending operator may vary from one, three to five years. Once the time period for the lease expires, you have the option of re-leasing the equipment, upgrading to newer versions and technological components, buy the equipment at fair market value or even return the equipment. Your decision depends on the quality of the equipment, terms of lease and the value of the vending machines.

Most vending operators prefer to buy the equipment rather than taking it on lease or renting it. You must always weigh the benefits of renting the equipment as compared to purchasing of machines.