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Back to basics: The cardinal rules of cash

Back to basics: The cardinal rules of cash

December 29, 2016 By James L Leave a Comment

Leading ATM provider DC Payments is in no doubt that an in-store ATM will continue to be a foolproof way to lift convenience profits. Another reason for the continuing strong demand for ATMs in convenience stores is that so many banks are closing their branches and increasing the cash-seeking customer’s dependence on independent ATMs. Also, an ATM will provide a business owner with a direct revenue stream unlike an EFTPOS device, which has a cost associated with every transaction.

Key Takeaways:

  • In their endless quest to increase sales and boost profits, convenience stores need to make sure they cover the basics… and that means ensuring customers have easy access to the funds they need to make the purchases they want.
  • Leading ATM provider DC Payments is in no doubt that an in-store ATM will continue to be a foolproof way to lift convenience profits.
  • While Australia was one of the earliest adopters of payWave technologies in the world, and Generation Y and Z are definitely keen on using new online technology, notes and coins will be around for a while yet.

“Another reason for the continuing strong demand for ATMs in convenience stores is that so many banks are closing their branches and increasing the cash-seeking customers’ dependence on independent ATMs.”

http://c-store.com.au/2016/12/08/atm/

Related posts:

  1. AACS continuing to serve the convenience industry
  2. Promotions driving convenience store sales – Convenience & Impulse Retailing
  3. Cash-strapped, time-poor SME owners looking for funding alternatives
  4. Amazon eyes convenience market – Convenience & Impulse Retailing

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