# Cashless conversion

A term used when buying vending machine.

Fitting machines to take cards, a retrofit of a few hundred dollars a machine.

Cashless machines commonly take meaningfully more per location than coin-only ones, so the share of the fleet already converted is both a value driver and a read on capital you may have to spend. An unconverted route is upside with a bill attached: the readers cost a few hundred dollars each and carry a processing fee per sale. Ask how many machines are converted, and what the seller's own data shows the lift has been.

Part of: Buying a Vending Machine Business (https://searchspheresource.com/guides/buying-a-vending-machine-business)

Source: https://searchspheresource.com/guides/buying-a-vending-machine-business/terms/cashless-conversion