Coin or card?
In today’s market, cash may be losing its hold as the king. Americans are carrying less cash, COVID has led to a shortage of coins, and people just don’t have the bags of quarters like mom and dad used to. Today’s laundromat customers are needing to use their credit card, and making the decision between coin-op and card-op payment is going to be the biggest choice you have to make as a laundromat owner. Both have their benefits and downsides, so it’s important to take everything into account and choose the system is going to work best for you.
If you decide to go down the card-op route, there are a few things to consider. Many machines can actually be converted from coin-operated to card-operated without too much trouble, but you may have to invest in new equipment. Laundry card systems can be expensive, but many owners are finding that the control and flexibility you get from a card is worth the cost. There are a whole host of benefits to going coinless and taking advantage of card payment, including making the best of float. You can even decide to ditch cards and go fully mobile!
At the end of the day, it’s important to weigh all your options and decide which payment system will work best for your laundry business.