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ABOUT CASHLESS PAYMENTS

Cashless payments offer an array of possibilities to consumers who are in a hurry, don’t have exact change, or even the right currency for wherever they are travelling.  Cashless payments encompass payments made with credit cards, debit cards, prepaid cards for closed environment settings like a workplace or university, payments by SMS are  now, gaining popularity, mobile payments via applications like Apple Pay, Android Pay, Google Wallet, or Nayax’s own Monyx Wallet app.

ADVANTAGES

NAYAX SOLUTION FOR CASHLESS PAYMENTS

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Streamlined and seamlessly integrates with a telemetry system and management suite

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Fully certified by leading financial institutions

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Accepts all credit card brands under one global bank agreement

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Offers eReceipts to show consumers their purchases

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Dynamic pricing allows operators to pass the convenience fee along to the consumer

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Accepts mobile, SMS and NFC Payments, credit and debit cards that are swipe, contact or contactless, as well as prepaid cards

MARKETS

Nayax’s cashless payment solutions are limited only by your imagination. Cashless payments can be anywhere and everywhere that there is an unattended automated machine. Kiddy ride at the shopping mall? Ice cream vending machine? Electric vehicle charging station? Massage chair? Car wash, laundromat, prize machine, personal lockers and of course the well-known snack and drink or coffee machines, the list is endless as to where cashless payments solutions from Nayax can enhance your sales and reduce your bottom line.

PRE-PAID / CLOSED ENVIRONMENT SOLUTION

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Revalue prepaid cards, right at the machine

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Offer different promotions: according to time, card type, number of transactions within a given period, etc.

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See sales reports and oversee machine revenue

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Manage card limits according to specific days, number of transactions per time period, etc.

PURE GYM CASE STUDY

Pure Gym wanted to explore the possibility of offering different payment methods.

The story of Pure Gym in the UK illustrates the difference the Nayax cashless payment solutions can make to operators and consumers.  Take for example the partnership and implementation with Pure Gym, as it is discussed in a case study on the project implementation:

“When you go to the gym you don’t want to be carrying lots of cash around with you,” GVS National Account Manager Pat Gibney points out.

“Apart from the question of security, these days we have come to depend on the convenience of cards.”

Within a month all the new machines were supplied and installed and the existing 100 machines were retrofitted with cashless payment capability.

Lewis Zimbler, Operations Director at Nayax UK, worked closely with Pure Gym and GVS to deliver the solution:

“The project was a great success. Our Nayax Cashless Payment solution is designed to combine financial services with the latest technology so that vendors can benefit from cashless payments without being concerned with merchant accounts or data security.

Not only does the cashless system make life easier for Pure Gym customers who have forgotten to bring cash, but it also facilitates more sales because their spend is not limited by the amount they have in their pocket. As a result, since the introducing the cashless payment system, there has been a significant uplift in sales.” Pure Gym was delighted with the solution and continues to roll it out with every new gym they open.

FREQUENTLY ASKED QUESTIONS

Considering adding cashless payments to your business? Have questions?
Check out our FAQ’s, and contact us for even more, personalized information about how Nayax can help you grow your business with a cashless payment solution.

WHY OFFER CASHLESS PAYMENTS?

Nayax’s Cashless payment solutions offer you the opportunity to appeal to more consumers’ payment preferences. Not every potential consumer who comes to your machine has cash these days, and we don’t want you to miss a sale.  By offering your customer cashless payments, you are allowing her to buy conveniently, with any credit or debit card, SMS, or mobile wallet app like Apple Pay or Google Wallet.  This offers convenience and security which in turn will lead to higher revenues for you

WHAT KIND OF CASHLESS PAYMENTS ARE ACCEPTED?

  • Credit / Debit cards
  • Mobile, SMS, and NFC payments
  • Prepaid cards, closed environment
  • Swipe, contact (insert), and contactless

HOW DO YOU PREVENT FRAUDULENT PURCHASES?

Nayax’s cashless payment solution includes an anti-fraud threshold that you can set, to ensure maximum transaction safety.

WHAT ABOUT TECHNOLOGY UPDATES?

Software updates are available remotely, so you can enjoy the latest features and fixes without needing to visit each machine

ARE CASHLESS PAYMENTS SAFE AND SECURE?

Nayax Cashless payment solutions meet the highest industry standards and are fully certified by the top institutions and meet regulatory compliance, including EMVCo (level 1 and 2), CE, FCC, RoHS, Mastercard PayPass, Visa payWave, PCI DSS

WHAT ABOUT CHARGEBACKS?

Nayax handles chargebacks remotely, without the hassle of contacting the issuer

WHAT IF THE CUSTOMER NEEDS A REFUND?

Nayax can issue automated, remote refunds to the consumer, via the Monyx mobile wallet

WHAT FEES ARE INVOLVED WITH A CASHLESS PAYMENT SOLUTION?

Bank interaction, or terminal fee, interchange fee, acquire processing fee, and the merchant account fee are all included in the monthly service package from Nayax.


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VENDING MACHINE CREDIT CARD SOLUTION

As a vending machine operator, we don’t want you to miss a single sale at any of your locations.  By offering Nayax’s credit card solutions for vending machine payments, you will be sure to get every customer, even when they have no pocket change.