Viewing entries tagged cash recycling

13 Unexpected Reasons you should have Bill Recycling at your Location

by MEI Vending Marketing Manager
MEI Vending Marketing Manager
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on Friday, October 18, 2013
| Cash Recycling | 0 Comments

13) Because the last thing you changed in your vending machine was the switch from cinnamon buns to honey buns.  The old adage, “If it ain’t broke, don’t fix it” isn’t meant for an entrepreneur.


12) You’re tired of trips to the bank to source (and sometimes even pay for) $1 coins and your drivers are tired of lugging around big bags of change.
 


11) A recent study said 8% of office employees are eating lunch from the office vending machines at least once week. If you can take bills larger than a $5, employees can buy more than a soda and some chips for lunch. **
 


10) If your customer is able to break their $20 bill in your machine and get some smaller denomination bills back that they’ll carry around in their wallets all week, they’re more likely to come back to your machine with some of that same change later in the week. #afternoonmunchies
 


9) You don’t need to touch your coin float. Keep your coinage the same. You don’t need to put out too much bill float either, let the customers’ payments’ continually fill and replenish your Recycler.
 


8) How many low value bills/coin is the customer really carrying around? Our research has consistently proven that most vend patrons carry less than $3 in $1 bills and coin. So vend customers attempting to purchase a drink and a few food items during the day are likely to run out of usable money before they satisfy their refreshment needs, a surprising 30%+ of the time! Enable $5, $10, and $20 notes to avoid changer and patron starvation.
 


7) It’s not an either or with cashless technology and bill recycling. You can do both! And it’s even easier to deploy! Snap in, Program, Go!
 


6) Recycling requires no swipe fees, no comms fees, no contracts, no cell towers.
 


5) You already have a CASHFLOW VN2700, adding new recycling technology can be as easy as a 15 minute field visit to install a recycler module.
 


4) If for the strange reason you don’t see the average uplift in sales of 15-20%, you can remove the recycler module from that particular machine location and change it to another. It’s the gift that keeps on giving.
 


3) You can remove and sell your big expensive bill breaker machine on Ebay® or Craigslist® and easily offset the small investment in a Recycler module.
 


2) Your (perhaps older) machines just all-out look newer, cooler! New POS materials, LED high visibility bezel, it’ll be the talk of the location. “New technology!” Hooray!
 


1) It’s a great reason of call! Think about it, you go in to tell your account about this great new technology you’re installing at their location, “free of charge,” and then have the opportunity to upsell them on some new products or office coffee service. 
 


 

Want to know more about MEI bill recycling and how it can help you Take Back Your margins? Visit our TBYM Recycler page.
 



 

**http://www.vendingmarketwatch.com/news/11191047/more-americans-eat-lunch-at-work-8-percent-from-vendin


 

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Do you really need that Bill Breaker?

by MEI Vending Product Manager
MEI Vending Product Manager
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on Friday, August 17, 2012
| Cash Recycling | 0 Comments

Operators have been installing MEI cash recyclers since 2008 so their vending machines can accept high denomination bills without causing changer starvation. But did you realize that recyclers can also help reduce the need for bill breakers?

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Getting Even More from your Cash Recycler

by MEI Vending Product Manager
MEI Vending Product Manager
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on Friday, August 03, 2012
| Cash Recycling | 0 Comments

MEI has sold more than 32,000 cash recyclers to date for use in vending machines. That’s a huge field base of recyclers processing thousands of payments per day, allowing vending machines to accept high value bills by “reusing” low denomination bills as change!

We are very proud of the fact that, despite all these transactions, operators have reported virtually no jams or mechanical problems. But there have been a few. Since MEI’s goal is 100% vending machine uptime, I want to share with you some tips to keep your recyclers running:

Tip #1 – Check to see if your vending machine has already been tested with an MEI VNR.  We have tested the product with 80+ machines by Dixie Narco, Vendo, Royal, Crane, APi, FastCorp, and Wittern. Download a copy here.

Tip #2 – Check out our Quick Reference Guide. This one page sheet gives you step-by-step instructions on installing, clearing jams, performing diagnostics, upgrading software. Download a copy here.

Tip #3 – Watch our training videos, which show you step by step how to install, set up, program, and perform diagnostics on the MEI VNR.  Click the link on this page.

Please keep in mind proper installation is key with the MEI VNR. If the recycler is being pressed on by other components or door of the vending machine, it could cause a flex in the VNR chassis that will reduce performance. It is also imperative when clearing a bill jam that you follow the instructions carefully, fully removing the jam. And it’s often best to empty the drum of cash so the VNR can cycle the drum properly upon power up.

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Location, Location, Location!

by Chuck Reed- MEI Marketing Director of Vending Americas and APAC
Chuck Reed- MEI Marketing Director of Vending Americas and APAC
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on Wednesday, June 01, 2011
| Cashless | 0 Comments

Whether deciding to add a banknote recycler or to go cashless or to integrate some combination of payment accepting devices, we are typically asked the same question: What criteria do you use to determine what payment device to invest in and when?

We usually respond with with three or four criteria such as vend price, but the one thing that we always include is location. The specific location of your vending machine is a critical element in the equation because it affects what is being sold, the volume, the risk for vandalism, and what types of payment are most prevalent. Here are just a few examples:

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