Based on ‘Cashless-payment systems, still evolving, poised to become more prominent in casinos’ article from CDC Gaming Reports.
https://www.cdcgamingreports.com/cashless-payment-systems-still-evolving-poised-to-become-more-prominent-in-casinos/
Technology and innovation are a standard in many areas of customers’ daily lives. From your local organic produce shop to big retail stores, from e-toll payment systems to going to the movies. Everything can be paid with electronic transactions.
What about Bingo? Not everywhere. Why?
According to Sightline Payments Co-CEO Omer Sattar, it’s “the billion-dollar question” in the gaming industry today. Starbucks started cashless with 50 stores before expanding to its properties across the country, Sattar sees a similar pattern happening in the gaming industry.
BingoMeNow!!™ is a cashless ready system that will allow bingo and casino customers to buy ahead of time, reserve seats and use their mobile phones to acquire games and amenities all without ever opening their wallets.
The brilliance of BingoMeNow!!™ relies on the user experience design. The app will not touch neither user’s or operator’s money, instead it facilitates the transactions based on pre-existing licences for offline card use. This is by far the easiest way to start a cashless operation for any bingo hall.
The U.S. consumer averaged 68 payments per month in 2020, the same rate as in 2019. Of that total, debit cards accounted for about 28 payments and credit cards were used for 18. The other 14 were made with cash.
Federal Reserve Bank of Atlanta
And in a survey published by McKinsey & Company in October 2021, 82% of American said they used some form of digital payments – defined as “browser-based or in-app online purchases, in-store checkout using a mobile phone and/or QR code, and person-to-person (P2P) payments” – in the past year.
Cashless payment is not the only newcomer in town. Advanced reservations systems will allow smaller operators such as charities and small bingos to sell ahead of time and release some of the pressure on their games.
This can be particularly useful for charities as statistics show an increase in in-venue purchasing of up to 20% after the initial buy-in has been dealt with a few days earlier.
Get to know BingoMeNow!!™ at no cost to your hall or charity. Fill in the form below and let us contact you.