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Grocers ask: Should I place, own, lease or rent a coin counter?

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Self-service coin counters increase profits and enhance the in-store grocery customer experience, but should you buy, rent or lease one?

Grocers know how competitive their marketplace is today. It's vital to offer services that add value to their customers, give them a reason to come into the store instead of ordering online, and enhance the in-store customer experience.

One way to do that is with a coin counting machine. Whether you're a mom-and-pop neighborhood grocery or managing a large chain, self-service coin counters can give your customers a valuable service that they can't get elsewhere, and grow your bottom line in the process.

Self-service coin counters have already increased profits and improved customer service for grocery chains like Reasor's, so it's easy to realize how beneficial a coin machine is to a grocery business. The next step is to decide whether to buy, rent, lease or place the machine. Here are a few facts to help you pick the option that works best for you:

Placement: No investment required. Machine is installed and managed for you. Vendors pick up and process the coins, provide unlimited tech support and send you monthly reports detailing commission revenue.

Own: Machines pay for themselves within 12 months depending on coin volume, maximizing ROI and long-term profitability.

Lease: Reap the value of buying and potential tax benefits without the capital investment upfront.

Rent: Add machines for a fixed monthly expense that's guaranteed not to increase during the length of the user agreement. You set the user fee, and the profit is yours to keep.

Whether you buy, lease, rent or simply place a self-service coin counter in your store, you're providing a valuable service to your customers that will keep them coming back, and adding to your bottom-line profits in the process. Either way, it's a win-win.

March 22, 2019