Credit Card Vending Machines are growing in demand as consumers become increasingly comfortable with transactions of cashless mode. The credit card purchases also increases sales.For example the Combo vending machines feature many selections of beverage and snack options along with capabilities of credit card. As it grant credit cards so making small- scale purchases is easy in a comparative manner here. This system of cashless vending puts the consumer in a better position to capture every possible sale of snack and drink vending product. Thus it is necessary to Buy Vending Machines that are compatible with credit card. The constituents of credit card vending are the Machine Card Reader, the Machine Transmitting Device, the Payment Gateway and the Credit Card Processor.
THE MACHINE CARD READER
The machine card reader is where it starts with the consumer. A cashless payment is represented in the form of a prepaid card, debit or credit. The recognition of the card is noticed either through a proximity reader or a magnetic reader (swipe/plunge).
THE MACHINE TRANSMITTING DEVICE
Once the data of the card has been read and encrypted by the card reader, the next step is the transmitting of the information from the vending machine.
THE PAYMENT GATEWAY
Here the data leaves the site of vending. The transmission of the data of card transaction now takes place through the connection of WAN to a payment gateway.
THE CREDIT CARD PROCESSOR
Finally the credit card processor accepts the request of payment clearing for the gateway. The processor is the point of approval for all the transactions of credit and debit card. The processor of credit card clears the transaction, and a signal is sent back through the payment gateway to the vending machine. The vending machine now has the knowledge regarding whether to deny the transaction or to accept the card.The processor of credit card also charges a fee per single transaction.