There are many things to consider when selecting a self-service coin redemption machine; some overall considerations are listed here. For a more comprehensive discussion,
contact your local Cummins representative who can share best practices gleaned from working with the retail industry.
General Considerations:
How much profit can I expect with a Cummins self-service
coin kiosk?
There are many elements that impact this, especially whether you own the kiosk or choose the Cummins
Care Free Coin℠ program. But even with ownership, net profits are impacted by gross coin expectations, the percentage transaction fee you set, and purchase and operating costs. Your local Cummins representative has a tool that can calculate various scenarios and return-on-investment. He or she can also tell you more about revenue experience and cost factors for your area.
What transaction fee can I charge when I own the machine?
Fees of over 9 percent are common -- and when you own the machine, you keep all the money. Owning the machine also gives you flexibility to set your own fees at whatever level best suits your market.
Do I need to promote my self-service coin machine?
Building customer awareness is very important to ensure the maximum success -- and profitability -- of a self-service coin kiosk. Signage on or around the machine is one basic promotional tool, as customers need to know it is there. Other ideas are shopping bag stuffers, floor signs and lane dividers. With Cummins machines, you have the freedom to brand and market as you wish. But for those who would like a turnkey merchandising program, check out our
CoinMax® merchandising options.
