One of my good friends in the industry in Thomas Smith of Montegonet, oops I mean Self-Service Networks. Tom was one of the original Bay Hill bunch back in 2001 when we first set up a kiosk association. Back then he was MontegoNet but in 2007 transformed to Self-Service networks and all types of gift card solutions. Back… Read More »
Cash To Card Kiosk – Decathlon Introduces Cashless Retailing for All Self-Service Networks helps with their innovative gift card dispensing kiosk. EMERYVILLE, Calif., June 6, 2019 /PRNewswire/ — Decathlon, the self-proclaimed world leader in sporting goods retailing, recently opened their US flagship high-tech retail location in Emeryville, California. With more than 1,500 stores in 49 countries, Decathlon is making… Read More »
Coinstar expands the market for vending machines Craig Keefner‘s insight: Nice writeup and flowchart showing Coinstar bidding $70 for $100 card, then handing off to Blackhawk who sells the $100 card on Cardpool.com for $90. Coinstar and Blackhawk split the profit of $20 50-50 See on www.marketplace.org
Exchange gift card for cash with Coinstar kiosk. Insert your card and the machine then generates a bid for your card. Accept it and it prints token for cash. Coinstar President Jim Gaherity joined guest host Kim Holcomb on the show today to share how you can transform loose change and unused giftcards into cold hard cash.The traditional… Read More »
The difference between open loop gift cards and closed loop gift cards, plus the advantages of each.
Good read on gift cards.
Update – Self-Service Networks launching new digital gift card VersEcard
New VersEcard crowdfunding. A new type of digital gift card which works like iTunes and is good all over, and importantly at smaller local regional companies who now can be a part of greater whole.
Goldstϋr has deployed its automated kiosks for converting old or unwanted jewelry into cash or gift cards, in an agreement with Supervalu banner Cub Foods. Goldstϋr kiosks are now in place at Cub stores in the Minnesota cities of Silver Lake, Stillwater, Midway, Coon Rapids and Apple Valley.
Consumers can exchange their gold or silver jewelry for cash or gift cards in a secure and accurate process. For the retailer, this approach represents a new form of revenue that Goldstϋr can capture in addition to generating additional store traffic. Moreover, it can be a hedge against declining revenues from other in-store services.
The process takes two minutes and a $2 appraisal fee, with offers based on commodities market prices that are updated every hour. Consumers can choose from a cash receipt or store gift card as payout. If the consumer decides not to accept the bid as shown on the kiosk screen, they can simply decline the offer.