Anyone Heard Of This? Cash Advances at a Casino
Top Up With Cash Advance — At Your Local Casino
Running out of cash at the card table, in the slot machine seat or anywhere on the gaming room floor of a casino is undoubtedly not good for the morale of the players involved. The thrill and excitement of a trip can die down within a second or two.
While it doesn’t appear anything can be readily done to stop this decline in one's funds … rather than leaving the casino, empty-handed, an establishment with Cash Advance or Check Cashing Services has the upper hand, simply because they can offer credit options in order to pull out those funds — delivering the customer once again the chance to win thousands of dollars in their game of choice.
Of course, losing customers is always disappointing for business owners, especially those who might otherwise keep the action going. It cannot be denied that today’s customers head towards a casino with much more modern fintech and services on the Cage Management Systems or Slot Management Systems — who offer services and features which give them the liberty to keep playing.
These casinos offer cash advance services that help retain customers and attract new players. Let’s take the case of a North American land-based casino as an example. When players run out of cash, they go to an ATM machine with the ability to perform Cash Advance Services and right there they can obtain a ‘slip’ with their debit or credit card giving them access to more credit, or to a QuasiCash loan for more credit at the specific casino. Take that slip to the cage cashier, show their ID, sign the check, and get the cash money or chips to stay in the game.
Many businesses have introduced cash advance facility to their customers, which allow them to access cash even if they do not have the required amount in their bank account. Let’s dig a little deeper to know more about cash advance.
How Cash Advance Works?
No matter where they go, most people today carry a limited amount of cash with them. However, they often find themselves in a ‘cash-only’ situation. For example, purchasing lunch from street vendors or buying fruits from the farmers market requires cash, since these vendors do not provide the customers with a credit card or debit card payment facility. Similarly, patrons need the amount of money to wage in their games; if they run out of cash and cannot withdraw more, they will leave the casino.
In that case, providing them with the great option of cash advance will help retain them, allowing them to withdraw as much money as they want and continue playing the game for hours. A cash advance service enables the customers to use their debit or credit cards to request for a short-term loan, which they need to pay in a certain period.
Why Do Casino Owners Need to Install New ATMs?
The financial institutional rules allow the account holders to withdraw a limited amount of cash from an automated teller machine within 24-hours. In that case, when casino players exceed their daily withdraw limit, the ATM unit aborts the action and does not proceed to dispense the amount.
While many casinos already have ATMs installed, the old machines do not facilitate customers with cash advances. If customers commute to such casinos and fail to make withdrawals of their required amount, they will leave the place and head towards another casino that caters to their requirements.
Consequently, these casinos will lose their customers over time; CASINOMONEY’s ticket redemption kiosk include cash advance feature along with many other amazing features that will help casino owners in client retention.
The Bottom Line
Although achieving a thriving position in today’s market is quite challenging, casinos need to adopt several strategies to attract new customers and retain the existing ones. Small casinos that are looking for an effective and successful approach to thrive in the gambling industry should consider deploying CASINOMONEY’s CM-2020 to meet their customers’ demands.
In essence, cash advances have made it easy for players to continue gaming in casinos for hours without worrying about running out of cash. Moreover, it allows the casino owners to create a loyal base of customers, retain the existing clients, and attract new players. Last but not least, CASINOMONEY’s CM-2020 has all the features that can boost your casino business.
