Make change. Take Mobile. v1.0

Transcription

1 Make change. Take Mobile. v1.0

2 What is PayRange? Upgrade existing machines to accept mobile payment in 30 seconds and under $50. No telemetry needed Works on ios and Android with Bluetooth 4.0 Works on any vending machine with MDB Preload with any credit or debit card including Mastercard debit! Suitable for any machine with dollar bill acceptor pay only when used Works alongside card readers (dependent on machine) Improve same machine sales with less price sensitivity, increased frequency of use, and multiple items per visit Backed financially by Google, along with co-founder of PayPal, and former President of Visa

3 How do you install it? Designed so a route driver can install with no tools 1. Turn off machine 2. Disconnect coin acceptor 3. Plug BluKey in-line and reconnect coin acceptor to back of BluKey 4. Turn machine on

4 How does it work for the user?

5 Why is now the time for mobile? Currency Changes Nickel Composition Changes will break industry -> every machine needs nickels to work Dollar bill design has not changed since how much longer? How much will it cost to upgrade all the bill acceptors and how much sales lost during transition? Dollar bill barrier Limits variety and sales Causes price sensitivity Lost sales because people don t have the correct change and bills to make purchase Card security Card skimmer epidemic October 2015 EMV liability shift Massive breaches reduces consumer confidence Keeping consumers engaged Gen X and Gen Y are cashless Younger generation would much rather buy from vending than a convenience store, but they are also the very people who don t have change in their pockets

6 How much does it cost? $49 one-time 3.95% on mobile transactions $0 monthly fees Free shipping. No gimmicks. Pay only when it s used. Pays for itself in under 2 months.

7 How do I get started? Best practices: Install first: Schools, colleges, and universities Hospitals White collar worksites Call centers On machines without card readers. On machines with higher price points. Order Strategy Make a deployment plan. Select accounts for test. Implement trial. Deploy broadly. Key is: Decide how many you want to test: 24 to 48 devices for every 1000 machines is a good test Make a 12 month implementation plan to deploy 72 to 96 devices per month for every 1000 machines. Get your total orders in massive backlog, easier to decrease units than increase.

8 Frequently asked questions How do we get paid and how often? We will send your sales less our fee weekly via ACH direct to your account. Our week is Monday through Sunday; funds usually settle on Tuesday. How secure is the cred card information? The credit card number is securely sent directly to a PCI compliant processor without ever going through our servers. We store only a token, never the actually number. Processing is done by a PCI Level 1 compliant vendor. Can someone hack payment to the machine? Payment authorizations can only be sent by our server and are encrypted with a secret key known only to the device. The app cannot create or alter the authorizations. What if there are more than one machine in a bank? Or more than one person at the machine? Our system is designed to work when there are multiple machines and multiple users. On the app, each machine in range will appear and the user can easily swipe to another. What if the firmware needs updating? The devices will update automatically through the App. Can I install on a machine that already has a card reader? Some machines support two cashless payment devices. In those machines, our device will automatically assume the second cashless address and work seamlessly. Who hold s the customer s prepaid balances? PayRange holds the customers money in a federally insured account. Can the customer get a refund of their balance if they request? Yes, we will refund any customer their balance upon request. Where can the customer user their prepaid balance? The balance can be used on any PayRange enabled machine. How long is the contract and what is the minimum order? We know you ll love it so we don t require a contract. The minimum order is 12 devices.

9 Frequently asked questions Does the PayRange device upload DEX? PayRange is a payment solution and does not upload the machine s DEX file. However, cash and cashless sales including column ID are available in real-time through our web portal. What is the volume discount? Our pricing is designed to be simple and transparent. We offer our best price to all customers whether the operator is buying 12 or 12,000 devices. Can I get a better deal just going direct? No, the price is the same. Vistar is the national distributor for PayRange and will be shipping the orders regardless of whether they are placed directly with PayRange or through your Vistar rep. Can you provide us with a list of our users? Due to user privacy, just like a credit card company won t give you the contact details on the card users, PayRange cannot disclose the users private information. Can I add a 10-cent surcharge (two-tier pricing)? Currently our system does not allow for applying a surcharge to mobile transactions.

10 Place your first order with your Vistar Rep today! Make change. Take mobile.