Find helpful articles, guides, and reports to help you grow your self-service retail business.
Micropayment Trends in Self-Service Retail 2024
In 2024, self-service retail is shifting towards cashless payments, with vending machines and micro markets expanding. Cashless options increase spending, and card readers enhance profits. Software streamlines micropayments, simplifying shopping and enhancing convenience.
Canteen of Northern California’s work with a local college is a testament to the transformative power of cutting-edge retail solutions. The outcomes are impressive: substantial sales growth, more efficient inventory control, and heightened customer satisfaction. By embracing innovative technology, traditional vending operations were revolutionized, yielding exceptional results.
Discover how to launch a vending business with minimal upfront costs. Learn about Cantaloupe Capital’s flexible line of credit and Cantaloupe One’s no upfront cost subscription plans, plus essential budgeting tips and software tools.
Adopting cashless payment systems in the amusement and gaming industry offers several advantages. Cashless transactions, averaging $6.13 per transaction compared to $0.81 for cash, can significantly boost revenue. The initial investment in card readers, which includes hardware, software, training, and marketing, is quickly offset by a short payback period.
The well established vending operator placed their first Smart Store in a car dealership in Sugarland, TX. The results were explosive sales growth, minimized shrink, and excitement around the flexible, modern solution.
Modern Vend introduced the Smart Store solution to 200 residents of a senior living facility and saw immediately promising results. They hope to improve the quality of life and ease of access to essential products right at their doorstep.
Prepare for the next generation of retail with Cantaloupe’s groundbreaking Smart Stores! Learn how Smart Stores are tackling theft, elevating the customer journey, and opening up new revenue channels. Through the lens of real-world success stories, you’ll gain a deeper understanding of the technology that is reshaping the retail landscape. Don’t let this chance slip by to lead the pack and embrace the future of retail.
You want a sandwich, would love a cup of coffee, or simply want something to cure your sweet tooth. You could run to the local convenience store, or maybe there’s a better solution.
The Cantaloupe Smart Store is a revolutionary new way to sell food, beverages, consumer goods, and anything in between. Eliminate shrink with weighted shelf technology and built-in cameras. You’ll maximize sales by accepting any cashless payment method, including mobile wallets.
Using data from vending machines helps businesses. By using solutions like card readers and kiosks, companies can select top products, enhance efficiency, and make smart choices to boost profits and lower costs.
Maple City Dispensing improved its warehouse with Seed Pick Easy, cutting picking time in half, increasing inventory accuracy, and reducing delivery routes. This made their operations faster and more efficient, saving both time and money.
Exact authorization for vending machines uses G10 or G11 card readers to hold the exact purchase amount, reducing confusion and improving customer experience. It requires single-vend mode, allowing only one item per transaction.
To launch and test new micro market products, partner with suppliers, use eye-catching signs, hold customer events, and analyze sales data. These steps help make your market exciting, boost sales, and keep customers happy.
Articles
How to Start a Vending Business with Little Money
Discover how to launch a vending business with minimal upfront costs. Learn about Cantaloupe Capital’s flexible line of credit and Cantaloupe One’s no upfront cost subscription plans, plus essential budgeting tips and software tools.
Adopting cashless payment systems in the amusement and gaming industry offers several advantages. Cashless transactions, averaging $6.13 per transaction compared to $0.81 for cash, can significantly boost revenue. The initial investment in card readers, which includes hardware, software, training, and marketing, is quickly offset by a short payback period.
The Cantaloupe Smart Store is a revolutionary new way to sell food, beverages, consumer goods, and anything in between. Eliminate shrink with weighted shelf technology and built-in cameras. You’ll maximize sales by accepting any cashless payment method, including mobile wallets.
Cantaloupe’s Remote Price Change tool lets vending machine operators change prices from afar, saving time and money. It helps keep profits steady and customers satisfied with fair prices. It’s a smart way to control vending machine costs.
Case Studies
Canteen of Northern California’s work with a local college is a testament to the transformative power of cutting-edge retail solutions. The outcomes are impressive: substantial sales growth, more efficient inventory control, and heightened customer satisfaction. By embracing innovative technology, traditional vending operations were revolutionized, yielding exceptional results.
The well established vending operator placed their first Smart Store in a car dealership in Sugarland, TX. The results were explosive sales growth, minimized shrink, and excitement around the flexible, modern solution.
Maple City Dispensing improved its warehouse with Seed Pick Easy, cutting picking time in half, increasing inventory accuracy, and reducing delivery routes. This made their operations faster and more efficient, saving both time and money.
Videos and Webinars
Prepare for the next generation of retail with Cantaloupe’s groundbreaking Smart Stores! Learn how Smart Stores are tackling theft, elevating the customer journey, and opening up new revenue channels. Through the lens of real-world success stories, you’ll gain a deeper understanding of the technology that is reshaping the retail landscape. Don’t let this chance slip by to lead the pack and embrace the future of retail.
Learn how to make small changes that can have a big impact on your business. In this webinar, we’ll discuss Exact Authorization, a new setting that reduces consumer confusion and increases revenue by authorizing the exact amount of each purchase. We’ll also cover the benefits of our Cash Flow Advantage program, which offers daily deposits and increased revenue opportunities. Don’t miss this opportunity to optimize your operations and simplify your business.
Take a deep dive into the world of efficient vending operations with our new video series! Join our experts Jason and Derek as they walk through the power of Seed Pro’s new Seed Analytics feature. Learn how comprehensive dashboards and data visualizations can transform your vending business. Eliminate spoilage with the Spoilage tab, optimize product offerings with the Sales Performance dashboard, and increase driver accountability with the Collections dashboard. Plus, discover the best practices for machine scheduling with Seed Dynamic Scheduling. Reduce stop costs, minimize machine visits, and maximize efficiency with insights into lead machine triggers, scheduling criteria, and more.
Reports
Micropayments — any transaction less than $10 — have been following that same trend. In this report, we’re excited to share our analysis of these micropayment trends in self-service retail (including food & beverage vending machines and micro markets) and gaming & amusement machines. We also predict how they’ll evolve into the future.
The way we all pay has been shifting. First it was cash to card, and now swipe to tap. Learn how this shift in consumer payments has affected sales trends at food & beverage vending machines and amusement & gaming machines.
Podcasts
Join Cantaloupe’s Russ, Max, and Kylin as they launch their new podcast, “Retail on the Go.” This series will delve into the ever-changing landscape of self-service commerce, with a special focus on micro markets. Each episode promises to bring you closer to industry experts and operators, sharing their valuable experiences and insights on micro markets, from the latest trends and innovations to the challenges and opportunities they encounter. Whether you’re a seasoned micro market operator or just starting out, this podcast is a goldmine for those seeking to lead in the fast-paced world of self-service retail. So, tune in, and let’s get started!
In this episode of Retail on the Go, Russ and Kylan from Cantaloupe, Inc., discuss the rise of micro markets, from their humble beginnings to their current popularity. They explore the benefits of micro markets over traditional vending machines, such as increased product variety, a better customer experience, and the chance for operators to become retailers. They also discuss the latest technological advancements, including cashless payment options, loyalty programs, and inventory management systems, that are shaping the future of micro markets.
In this episode of Retail on the Go, Aldo Tejada from Feel Good Markets in Panama shares his insights on the dynamic evolution of micro markets and his vision for the industry’s future. As a first-time entrepreneur in the market industry, Aldo reflects on the challenges and triumphs he’s encountered. We delve into the distinctive approach of Feel Good Markets, which provides unattended retail solutions to corporate clients without the use of cameras, with a strong emphasis on offering healthier product choices. Aldo underscores the significance of a comprehensive grasp of your business model, the delivery of value to clients, and the provision of exceptional service.
