Convenient Transactions for Customers & Staff
In 2022, 70% of retail transactions were cashless, following a trend of decreasing cash purchases. Cash handling is expensive and time consuming for businesses, so businesses like sports arenas, concert venues, and ski resorts have followed consumers’ lead for cashless preference. However, many states and municipalities require businesses to accept cash payments. A cash to card kiosk eliminates cash handling for businesses, while still giving customers the option to use cash.
A pre-paid card kiosk creates a seamless customer experience by allowing the user to convert cash to card instantly. It generates a prepaid card on the spot that can be used to pay in businesses that don’t accept cash. Cash to card kiosks are convenient for young people and students who may not have a bank account of their own, senior citizens, and international guests using cash to avoid high foreign transaction fees.
Benefits for Businesses and Customers
Cashless Benefits to Businesses
As the use of cash in retail transactions continues to dwindle year over year, it’s a natural progression for businesses to transition from mostly digital to a completely cashless business model.
Cash can be time consuming and costly for business, requiring armored carrier services and intensive staff activity for prepping, counting, and reconciling cash registers. Going cash free eliminates cash register discrepancies and saves time on mundane cash-related tasks for staff. Implementing a cash to card kiosk might seem like a small and simple change, but it can help your team save hours of work by reducing employees’ cash handling task load and enabling them to provide better customer service.
Cashless operations increase staff safety by eliminating the need to handle high-touch cash, mitigating person-to-person contact, and reducing theft risk.
Cashless Benefits to Customers
Card payments are up to 50% faster than cash, which means customers spend less time waiting in line and more time enjoying the event they came for. Card only registers move customers through lines much more quickly during rush times like pregame, half-time, or intermissions.
Cash-to-Card Kiosks Fill in the Gaps
Despite recent moves to cashless operations, a significant number of consumers remain cash preferred or cash dependent. Cash preferred customers have bank accounts but would rather make payments in cash, while cash dependent customers are part of the 7.1 million American households that are unbanked. Cash to card ATM kiosks are useful for youth who may not have a bank account of their own, and international travelers using cash while abroad. Customers who don’t have access to bank accounts or prefer to pay in cash can use a cash onto card kiosk to deposit cash on to a prepaid debit card that can be used immediately at the cashless venue or anywhere else debit cards are accepted.
Cash-to-Card Kiosk Features
- Cash pickups by armored carriers are included in services, eliminating the need for staff cash handling, cash registers, cash rooms, cash recyclers, and more
- 4G LTE communications (cellular modem) or ethernet connection makes set up easy
- Technical Support: 24/7/365 hardware and software monitoring, and on-call maintenance
- Intuitive, easy to use touchscreen interface for quick transactions
- High quality hardware components ensure product longevity
What is a Cash to Card Kiosk?
A Cash to Card Kiosk is a self-service terminal that allows users to convert physical cash into digital currency or load funds onto a prepaid card. Users can insert cash into the kiosk, and the corresponding amount is credited to the linked card or provided in the form of a digital balance. These kiosks are often found in retail locations, sports arenas, or other areas where individuals may need to convert cash into a more convenient digital form for transactions.
Contact us to get started on your cash to card solution.
Solutions for any industry
No matter the market, Kiosk applications enables digital transformation through automation platforms that are easy to use, adaptable and supported by end-to-end Managed Services using IoT real-time monitoring. Whether you need a solution for self check-in, automated returns, video conferencing or ticketing, KIOSK has a solution that transforms the customer experience.