The Economics of Note Acceptors

When you have a note acceptor in your Antares vending machines, it would take little or no time driving, buying stock or filling the vending machines. If you are already at the site, then taking out the bank notes is of little effort. If sales increase then your profits will also increase with little or no increase in time. All this means that your return on time will immediately improve by adding a note acceptor.

If you are aiming to return 50% of your investment per year then here’s the math on a note acceptor:

• cost of note acceptor: $600 (average)
• required sales increase per week: $12
• 50% required annual return: $300

If a note acceptor can improve sales for your Antares business by a number of certain dollars per week, then that means that it is a great investment. In fact spending $6000 on 10 note accepters for existing Antares vending machines might be a better investment than spending $6000 on a new vending machine. Hopefully your sales will increase by $6000 per year at your existing locations.

So the final question….will sales increase by $12 per week. Any site of your Antares business that is doing over $120 per week deserves a note acceptor. If you can get $12 (or 10%) more sales then that means that you are doing great, any more than that is pure profit. It is possible to have sites that are doing $200 per week where $150 is in notes.

All this goes to show you that a note acceptor might be the carrot that gets you a location over the competition.

Antares vending machines come with a bill changer mounted on the side. After you have reviewed the economics of a note acceptor, then you can decide whether a note acceptor would be more profitable for your vending business. There are a number of operators who have note acceptors and have stated that they always receive notes at their locations.

These note acceptors are cleaned using cleaning cards. These cleaning cards are a key component in preventative maintenance. Reader failures and errors are linked to poor maintenance, as contaminants damage reader heads. After several hours of use, reader heads begin to accumulate heavy dirt. Thus cleaning of the note acceptors is very important.