The Impact of Bill Acceptors on Profitability


Posted November 25, 2012 by lilymorgan

A bill acceptor is a machine used in many gaming machines, vending machines, etc. that determines whether the bills inserted to them are genuine or counterfeit.

 
A bill acceptor is a machine used in many gaming machines, vending machines, etc. that determines whether the bills inserted to them are genuine or counterfeit. These devices are also referred to as currency detector or currency validator, and use various tests to examine the validity of the money. These machines should be programmed according to the different parameters for each bill or coin.


Several years ago, only the snack and soft drink machines, juke boxes, were sold with bill acceptors. Arcade machines and other amusement games were put in the field without the acceptors. The operators of these arcade games like pinballs and video games say that price per play is very low and the high purchase price of an arcade game is very high, so it is difficult to justify additional cost by adding a currency validator. Unlike vending and snack machines where the operators have quantified the benefits of acceptor machines, no information was offered by anyone in the case of amusement games. So the manufacturers offer the currency detector as an option only. Distributors of amusement games offer this machine for sale separately and the operators to install it by themselves.


But the fact is that revenues in amusement game machines increased by a 20 to 30 per cent upon installation of the currency detector. It is easy to estimate the ROI (returns on investment). You need to first calculate an increase of 20 to 30 per cent in your revenue stream and then deduct the $200 - $300 average price of bill acceptor. If you see that your arcade machine runs close to industry averages, you can realize a payback period in less than 12 months. This amount of time is very short if you consider that high quality currency validators’ life is expected at over 8 years when used heavily.


Following are the reasons why bill acceptors have such an impact on profitability of your arcade machines.


Customer convenience
If your customers can play with bills in their wallets they can support more plays, compared to when they carry coins, which can allow them to support only a play. More convenience for customers can lead to more plays.


More pricing flexibility
Arcade machines equipped with currency validators have the ability to offer various priding options to customers. For example, you can set your game machine at 75 cents per play, and $2 for 3 plays to encourage multiple plays. While you can possibly offer this same option even without a currency validator, the chances of a player having $2 bills are higher than having 8 quarters on hand.


Easier handling of cash
It doesn’t need much explanation: compared to coins, bills are easier to count, collect and transport. Coins are heavier to do such things, and to pay banks percentage fees, and for the banks to accept and count your coin deposits.


Promote site relations
When you place your amusement machine on a site by a client, you are promoting fewer interruptions and requests for change. You can add to this an increased weekly take and increased revenue; you and your client will become happier.



A bill acceptor http://8linesuperstore.com/categories/Bill-Acceptors-and-Parts/ is important amongst all arcade machines http://8linesuperstore.com/categories/Cabinets/8-Line-Cabinets-/ because it helps in detecting genuine notes from counterfeit ones.
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Issued By lily morgan
Country United Kingdom
Categories Games
Tags bill acceptor , arcade machines
Last Updated November 25, 2012