Paying Vending Machine Locators
When starting a vending business there is always going to be an outlay of cash to get started. You need to buy machines, product, vending software and locations. It’s important that when you hire a vending machine locator that you pay them in the correct fashion as not to get scammed.First off, you want to use a telemarketing vending locator. There are a select few of these who actually accept credit cards. By accepting credit cards you can be assured that they have a very low charge back rate from their merchant provider. Most merchant providers only allow a 1% or lower charge back rate. This means that almost 100% of their customers must be happy with the service they are providing.Don’t be fooled by vending machine locators accepting PayPal. This does not protect you one bit. PayPal offers no protection when it comes to services. Even if you pay with a credit card via PayPal you are not protected by PayPal. So if a vending locating service tells you that they accept credit cards and then sends you a PayPal invoice be weary. Make sure to ask them if they have their own merchant account. If they do they will offer to take your credit card over the phone. This is far less risky then using PayPal. Once you PayPal your money it’s gone.Some locators actually have an online shopping cart system where you can check out online. This is by far the most secure way you can pay for your vending locations. By having a shopping cart online and accepting credit cards it assures you of two things. First off, they have a merchant provider and are in good standing with them. Second, your transaction and card number will never be seen by anyone else. Online shopping carts use very secure SSL transactions which cannot be seen by anyone else accept the card company.Be very weary of any company that asks for cash or check. You are far better off to pay 100% up front to a locator using a credit card than you are to pay 50% down to someone who wants cash or checks.
