Why Tokens?

Mizzou

Well-known member
Joined
May 20, 2012
Messages
1,750
Reaction score
74
Location
Virginia
I've always kinda wondered this: Why did some places make you use token? Was the thought that once you put that dollar in the machine they vendor had your money and didnt care if you used all your change or not? Or was there some other idea behind it? Anyone?
 
With tokens you mainly have to worry about the cash in the register and/or your change machine. With cash in the machines you have to worry about cash everywhere and theft.
 
From Hoffman Mint's page:

Benefits of using tokens vs. cash:
Security - Nobody will break into your business or coin operated machines to steal tokens.
Cash Control - Less supervision of your staff required.
Price Flexibility - You can easily change the number of tokens sold per dollar to immediately take advantage of any marketing or promotional ideas.
Immediate Sale - When you sell tokens, you have made a sale. The token does not need to be used immediately. If it is not used, you still make a profit. These "walk-away" tokens encourage repeat business.
Increased Sales - Customers will spend more tokens more freely than quarters because tokens are viewed as non-money.
Promotions & Brand Name Recognition - Customized tokens help develop your company's name and promote repeat business.
Souvenir Value - Customers will buy tokens and keep some as souvenirs.
 
Back
Top Bottom