You're using incorrect terminology. You are correct about Paypal and electronic remission of money being the future, but what you're talking about is termed, "micropayments". Yes, micropayments are coming to our industry, someday, somehow, as the banks kick and scream and tear at their hair to maintain monopolistic profit margins on transactions that for them have effectively zero marginal cost.I have a "pretty good" (terrible, but better than others) credit card agreement, where I pay $.20 plus 3% for each credit card transaction, plus a modest monthly fee. That's stupid expensive and simply doesn't work for paying for individual machine vends.Maybe Applepay and Paypal will come up with a micropayment scheme that isn't simple usary, but the customers have to adopt it. Many of my customers don't even have credit cards, let alone iPhones.Bitcoin isn't what you think it is. There is almost zero liquidity. You can buy in with cash fairly quickly, but getting cash out is much more of a challenge. There is zero way to use Bitcoin to pay for something instantaneously, like a machine vend. It takes days to transfer money out of a broker at a minimum.So if you want to do electronic payment, you either need to buy a third-party card setup where you become your own banker with stored value, giving up a percentage of your gross to the dudes who manufactured it (no thanks) or pay $.20 plus 3%, almost $.40 on a $5.75 vend to your bank that brokers Visa transactions (no thanks).It's coming, but I don't see it on the horizon yet, even though I know it will show up. It's not here yet. Customers hate card stores in my area, and I am not using "hate" lightly. They want to do their laundry, not bank with you.
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