In July, we shared with you the proprietary method of accepting payment at self-service Laundromats offered by a company we like doing business with, ESD. While there are advantages to going this route, there are also a few draw backs. For owners, the equipment is quite expensive. For customers, they don’t like that the cards are only good at that one particular location, which many times leads to leaving cash on the card. They also don’t like that the cards themselves are expensive.
But think about our society. Very few folks carry cash now, especially those under 30 – and many times those are the folks that utilize self-service Laundromats. These days, Laundromats don’t have to choose which payment system they want to install. Tri-State Laundry Equipment can now install coin-operated equipment and add on a system that allows customers to pay with coins, a credit card, a debit card, or a proprietary card. Plus, Card Concepts Inc., another company we often partner with, offers a smart phone app that gives customers the ability to create an account, add value, and even check machine availability.
Today there are so many options. And just like with the proprietary method, these systems allow owners to track sales and customize reporting. Plus the equipment itself isn’t nearly as costly, so the upfront investment won’t be so steep. There will, however, be card processing fees to consider. Those fees vary depending on the system manufacturer as many times they partner with specific processing companies.
Lots of options to consider – options that will set your business apart from the competition. If you are thinking of updating your current setup or if you are in the market to open a new facility, please contact us. We will be glad to help you sift through all the information and figure out what’s best for your facility and community.
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