Page 40 - BCM_April_2024
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TECHNOLOGY




              Cashless



              Considerations



              Today’s feature-packed systems

              pay off in numerous ways.

              BY BARRY SPARKS

              SEBASTIAN MOCHKOVSKY of Sacoa says the No. 1 reason    Eliminating coin and ticket jams decreases the need
              to install a cashless card system is to make more money.   for a mechanic or attention from a staff member. It also
              And, he adds, the No. 2 reason is to make more money.   minimizes the need for placing an “out of order” sign
              There’s a long list of other reasons, but nothing trumps   on the game, saving significant revenue. With a cashless
              making more money.                                   card system, coins and tickets don’t have to be refilled or
                “Revenue increases 30%, on average, after operators   counted.
              install a cashless card system,” declares Mochkovsky.  “You can use your staff more wisely,” says Licausi.
                Sara Paz of Embed says: “Operators will see double-  “They can focus on customer service, maintain and
              digit growth in revenue almost overnight.”           improve the redemption center, clean or do a variety of
                “Cashless card systems are a tremendous opportunity   jobs that need more attention.”
              to save money and labor,” adds Robert Sax of Intercard.   Theft is a common problem with a token or coin sys-
              “A combination of reducing operating costs and custom-  tem. Employees sometimes pocket coins, tokens or
              ers spending more money produces a 25 to 30 percent   tickets. They might resell them or give them away to
              increase in revenue.”                                friends. False claims are another problem, according to
                The perception of spending is much less with a cash-  Mochkovsky.
              less card system. Eight tokens or two dollars in quarters   “Customers may claim they won X number of tickets
              to play a game seem like a lot more than having points   but didn’t receive them. Most operators end up honor-
              taken off one’s game card. Operators can set the number   ing their claim, even if they may not believe it. A cashless
              of points per dollar value on the game card.         card system, however, easily tracks payouts. Tickets or
                “You eliminate the emotional transaction,” points out   points go directly to the card account.”
              Frank Licausi of Amusement Connect.                    Cashless card systems give operators flexibility they
                “Without a cashless card system, customers leave when   lack under a token or coin system. Prices can be changed
              they run out of cash,” adds Brian Duke of Semnox.    seamlessly or pre-programmed to offer special deals dur-
                Paz says studies have shown that customers spend an   ing certain parts of the day or week.
              average of $9.90 in the arcade when paying with cash,   If you offer better prizes in your crane machines, you
              $31.95 with credit and $50.57 with Apple or Google   can easily increase the price to play. Or, you can offer a
                               Wallet.                             “happy hour” during which games are half-price between
                                “Customers want immediacy and      certain hours, such as 4-6 p.m. You can select specific
              Scan this QR     an immersive experience,” she says.   games or all your games. Perhaps you want to lower
              code to view a   “That’s why just tapping a card to   prices Monday through Wednesday.
              “Pro  t Break”   play is so important. If you are still   Cashless card systems present numerous opportuni-
              interview with   operating an arcade with coins or   ties to upsell customers. Think about how movie theaters
              Jason Mitchell   tokens, your days in business are   upsell on popcorn and soft drinks. They offer to move
              on getting the   numbered.”                          customers from a small popcorn and soft drink to a medi-
              most out of a     Licausi says cashless card systems   um for an extra $1.25.
              card system.     improve the customer experience by    Operators can configure the upsell opportunities in any
                               making play simple and efficient.   way they want. It may be if a customer spends $20, they
                                “Players no longer have to worry   qualify to receive bonus credits. Or if they spend an addi-
                               about being interrupted by coin jams   tional $10, they can receive $12 in credits. Licausi says
                               or ticket jams,” he offers. “Plus, they   upselling can account for 10% of the monthly revenue.
                               can use multiple forms of payment at   Collecting data is easy when you have a cashless card
                               the kiosks — cash, credit card, debit   system. Real-time reporting provides an immediate
                               card or a digital wallet.”                                       (continued on page 42)

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         038,042_BEC_Cashless_0424.indd   38                                                                    3/13/24   7:26 AM
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