The coins that you can exchange for drinks and food at festivals are a lucrative additional source of income for the organizers. Because a sloppy 5% is never used. Nevertheless, it is also worthwhile for the organizers to allow pin payments, the men from Moneycomb know. Something that we as customers can only applaud, because we too are fed up with fiddling.
Allowing PIN payments
The advantage for the organizers who allow PIN payments is first and foremost in the fact that you offer visitors the opportunity to spend their money immediately, without having to queue first. ‘And if your festival lasts 10 hours, every minute counts,’ says Guido van den Berk, founder of Moneycomb together with Michael van Elswijk, which makes paying with bank cards possible at festivals and other events.
Money is not earned in 1 moment with us
It is an operation that is more exciting and complicated than it might seem at first glance. ‘Organizers only have 1 moment to earn money, so nothing can go wrong’, says Van Elswijk. ‘And that is not possible with us’, he adds confidently.
A simpler and fairer payment system
A striking side effect is that the gentlemen have started to compete with themselves. Because with their other company, The Good Guyz, they take care of the production of festivals, and also the sale of coins. ‘That is a good business. You need a lot of people, a bunker, the cash registers, the coins themselves, and we were always a few euros in between. On the other hand, we could not deny that the demand for a simpler and fairer payment system is there, that it would go that way anyway. And if someone is going to mow the grass under your feet, then you might as well be the one, right?’