Plastic card payments (credit card and debit card) are used for almost anything these days. From finding a date online, to purchasing bullets, to purchasing your morning coffee, we would be lost without our trusty plastic payment cards. However, they are now taking over an industry that once was left to pocket change. Laundries and vending machines are now accepting plastic card payments, which makes it easier to dry a load of clothing or buy a Snickers Bar.
Vending machines and laundries may not seem like great business ventures these days, however because of the new wave of machines accepting plastic card payments, they are. Vending machines are everywhere from schools to hospitals and even outside of shopping malls. Business is everywhere, and almost everyone in the USA has used a vending machine at least once in his or her life. The need for this has been coming for years, and now that it has finally happened, the public is happy.
Merchants are also happy, because vending machines are affordable to own and operate. While a laundry may take extra time and funds, a vending machines and be purchased, loaded, and running within a few hours. With the right permits, you can do business almost anywhere in the USA, and the products you can supply are endless. Benefit Cosmetics recently launched makeup and skincare vending machines in US airports, to help passengers who may have forgotten their face powder or moisturizer. There are also condom vending machines in many urban areas. No one wants to hand around counting change for a condom or face cream, so the plastic card payment option is a must-have for these machines.
For this, you must have a high risk merchant account. While you may be able to access a traditional merchant account, your processing rates will be higher, and the security and understanding of the industry will be not as great. High risk merchant account providers are ahead of the industry when it comes to dealing with plastic card payments. Vending machine owners are no different from any other merchant, and they should have the best possible merchant account to house their funds.