Thank you for touching on this subject, and congrats on 1,000 subs! 🔥 So far our cash sales heavily outweight our card sales, but we will see how things progress over the next few years. Sure hope cash stays in the picture, and we still believe there will always be people using it - especially in this economy as you said. Looking forward to more content!
I pulled a quarter only sticker machine and moved in the new electronic sticker machine from CM- sales went from $40-50/mo to $250/mo. 33% of sales are cashless, being able to accept bills is a huge advantage of the electronic bulk machines also. I don’t think we need to worry about cash going away anytime soon, but if you don’t utilize cashless transactions you are certainly leaving money on the table. As far as the electronics long term…we’ll see. Worth experimenting with though I think 😊
@@franklee3795 quarters only machine was doing $40-50. New machine takes CC, quarters and cash and does $250/mo. Of that $250, CC accounts for about 33% of sales. My point is use 3 payment methods to capture all customers you can.
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Thank you for touching on this subject, and congrats on 1,000 subs! 🔥 So far our cash sales heavily outweight our card sales, but we will see how things progress over the next few years. Sure hope cash stays in the picture, and we still believe there will always be people using it - especially in this economy as you said. Looking forward to more content!
Thank you both so much
I can't see the US going cashless anytime soon. I'd be suprised if it happens in the next thirty-five years. People are slow to accept change!
I agree! Thanks for watching and commenting.
I pulled a quarter only sticker machine and moved in the new electronic sticker machine from CM- sales went from $40-50/mo to $250/mo. 33% of sales are cashless, being able to accept bills is a huge advantage of the electronic bulk machines also. I don’t think we need to worry about cash going away anytime soon, but if you don’t utilize cashless transactions you are certainly leaving money on the table. As far as the electronics long term…we’ll see. Worth experimenting with though I think 😊
Very interesting. Thank you so much for sharing this information.
so the cash only machines did better than the cashless machines?
@@franklee3795 that's what Crypto Claw is claiming.
@@franklee3795 quarters only machine was doing $40-50. New machine takes CC, quarters and cash and does $250/mo. Of that $250, CC accounts for about 33% of sales. My point is use 3 payment methods to capture all customers you can.
I’d love to see the wing stop collection 👍
Me too. I have been really curious to see if a gumball machine can make money in a cashless business. I will post the video soon.
i hope not love coins
Me too.
I prefer coins more than bills. Especially quarters!
Wow u got a wing stop? I thought that wouldn’t be possible
It took me a year of checking until I got lucky. They do have more stores an hours drive to the east and west.