Coin Deposit in Retail – A New Business Opportunity
The in-store exchange service
At present, there are more coins in circulation than ever before. With the self-service coin deposit machine, CoinDepo – CDS400, retail customers can be offered a desired in-store exchange service, while simultaneously allowing the retailer to benefit from a unique business prospect.
After the deposit of coins, the customers receive a receipt which can be used in the shop by means of a fee structure, based on the deposited amount, or simply by collecting the additional contribution margin from goods sold by the use of said receipt. Either way, you earn money. Additionally, having an “in-house” coin source contributes to substantial savings in coin purchase and handling.
Maximize customer satisfaction
Customers benefit by converting idle coins lying around the house or collecting dust piggy banks or jars into products bought in your store.
Maximize local visibility
A self-service coin deposit machine offers a unique opportunity to market and position the retail shop towards its customer base. Through clever branding and of course word of mouth, the machine quickly becomes the local community’s coin destination with the added help of social media that attracts new customers and business. These all amount to more traffic and better business.
Many supermarkets, kiosk and convenience stores around the world have seen the benefit of generating their own coins, increasing customer satisfaction and while expanding store turnover and profits.