The share link has been copied to clipboard

Can Vending Machine Take 10 dollars bill?

2K views · Oct 11, 2021
Visit Channel:vendingproservice.com
https://vendingproservice.com/do-vending-machine-take-2-5-10-20-dollar-bills/ Most of the vending machine that are still working actually do not accept Bills. These are the Non MDB Type that cannot accept any form of Debit Credit Readers and Bill Acceptors. Actually I have a bunch of very Old Vending machines that are the Non MDB and was able to convert them into MDB type. I converted about 3 very old machines to accept Bill Acceptors because they are situated in very good locations. The only reason to convert very old non mdb vending machines to accept bill acceptors if the total sales every month is approximately around $300 then spending : Used Mdb coin mechanism ( $250 ) + Used Bill Acceptor ( $250 ) + Non Mdb to Mdb Converter ( $150 ) + Your Labor time at least 2 Hours ( to make sure that it works. It will only be worth to convert them if you can see the ROI Return of Investment at least 5 to 6 months, otherwise its better to leave your old vending machines the way it is without any conversion. In my case, the location total collections is $300 a month, that means my profit is $150 ( Total Collections Less CGS Cost of Goods ). If you are spending Used MDB Coin + USed Bill Acceptor + Mdb Converter = $650 divide by $150 = 4.3 Months just to pay off the Conversion. But if you are collecting about $800 a month, that means your profit is $400 ( Total Collections Less CGS Cost of Goods ). Then it only takes about = $650 divide by $400 = 1.6 months to ROI which totally makes sense. If you Convert your very old vending machine to accept Bills, there will be a slight increase of sales, according to my experience is realistically around 20 to 25%. So if your total monthly collections is $300, then with the Bill Acceptor then a 25% increase in sales will be about = $375 ( projected new collections every month with the Bill Acceptor ). Does Vending Machines Take 10 or 20 Dollar Bills? Most of the vending machine will not accept such a big denomination. It all boils down to why a lot of vending machine operators hesitate to upgrade because it does not justify the monthly collections. If the collections are too small, it is not worth it to upgrade the vending machine. But if you get a large collection of coin every month and the location is performing extremely well then it is advisable for you to upgrade and convert your very old vending machine to accept 10 and 20 dollar bills. Here in Canada most of the vending machines with bill acceptors will gladly accept $5, $10 or $20 dollar bills. But according to my experience i always collect $5 and $10 dollar bills on most of my vending machine locations. The $20 is a rare instance since most of the coin mechanism inside the vending machine does not hold enough change. The vendors purposely do not leave a lot of change inside the coin mechanism because of vandalism problems. Below are pictures of various coin mechanism that hold change. The coin mechanism above shows that the vending machine can accept $5 and $10 Dollar Bills easily since the holder has $1 coins, $ 0.25, $ 0.05 change, but the problem with this coin mechanism, is that it always run out of change every week when i go back servicing the location. The coin mechanism above shows that the vending machine can only accept $1 Dollar Bills and coins. The coin mechanism is not designed to accept $5, $10 and $20 dollar bills since the capacity of the coin mechanism can only hold 0.25 quarters, 0.10 dimes and 0.05 nickels as change. The coin mechanism inside the big vending machine as shown above can hold a lot of change and there is no problem accepting $5, $10 and $20 dollar bills. Can Vending Machines Take 20 Dollar Bills? Yes there are vending machines that can take 20 Dollar Bills as long as the coin mechanism inside the vending machine can hold a lot of change. See picture below on a 6 tubes coin changer that holds $2, $1, quarters, dimes and nickels. Installing the 6 tubes coin changer will surely holds lot of change. But this is only advisable to secure locations. Since you will be attracting a lot of thieves and perhaps all your $200 to $300 change inside your vending machine will be stolen!
Show More

Comments

loading text loading
loading text loading
loading text
loading text loading
loading text
loading text loading
loading text
loading text loading
loading text