An innovative new cash withdrawal kiosk promises convenient access to $ingle dollar bills for club patrons, plus an additional stream of income for club owners.
(Note: This story appears in the September 2023 issue of ED Magazine)
For club owners, nothing is more important than keeping an inventory of $ingle dollar bills on hand at all times. Traditional ATMs are a staple at any establishment, giving patrons access to large bills they can then use to request change to tip entertainers and bar staff. Yet, these ATMs are limited to larger bills and predetermined withdrawal amounts, limiting options and adding an extra step for patrons and staff.
This is where the BanQone Rain Maker Kiosk comes in. This revolutionary ATM replacement is shaking up the industry by making cash withdrawal simpler, more precise and more convenient – while offering more passive income for club owners. The Kiosk can dispense up to $1,000 in one transation, a portion of which can be delivered in $1 bills, at remarkable speed. With unique bill-breaking technology, the Rain Maker Kiosk adds another robust revenue stream to the mix, too. This adds up to more tips for entertainers, more revenue for clubs and greater satisfaction for patrons.
“Most ATMs simply can’t keep up with customer demand,” explains BanQone CEO Julius Cato (J.C.) “That leaves the responsibility for fulfilling the need for $ingles to bartenders and servers, who have enough to do serving patrons on any given night. The Rain Maker kiosk is the result of ourdedication to offering a solution that transforms the change� making task into a new source of revenue while keeping valuable staff focused on making profits instead of making
change.” So how does the Rain Maker Kiosk work, and what truly makes it different from your average generic ATM? The biggest benefit is the cash withdrawal system. Unlike traditional ATMs that often limit the amount of cash that is withdrawn per transaction, the Rain Maker offers patrons access to up to $1,000. Part of this withdrawal can include $ingle dollar bills, a perk that no other ATM can boast. With the Rain Maker, there are no extra steps required to get change, either. In addition to the ATM function, patrons with cash can also convert large bills into $ingles with the kiosk, meaning no waiting in a crowd at the bar for change. The bill-breaking technology allows smitten patrons to access $ingles and return to their favorite entertainer in seconds, while bar staff stay focused on what they do best. There’s even more to love about the Rain Maker for club owners and managers. The kiosk’s smart technology can detect when cash is low and automatically reorder bills – meaning fewer trips to the bank for managers and owners.
“The Rain Maker kiosk is the result of our dedication to offering a solution that transforms the change-making task into a new source of revenue while keeping valuable staff focused on making profits instead of making change.”
– Julius Cato
BanQone CEO Julius Cato recognized the unique needs of nightclubs and set to work bringing the Rain Maker Kiosk to life. The company made its mainstream debut at the 2021 Gentleman’s Club Expo and has been ramping up its success ever since. With its ease of use, efficiency, time� saving technology and potential for earnings, it’s no wonder this machine continues to make its way across the country. BanQone now has the capacity to provide the Rain Maker and supporting services in over 20 states. As part of the company’s latest development, club owners in areas of the country that may not yet be serviceable by BanQone can also opt to manage cash replenishment themselves, adding their own cash in the machine as needed.
The journey began with research and beta testing, a process that continues at each step of BanQone’s growth. Since the beginning, BanQone has been a customer-first service, working to ensure that the needs of club owners are met at every stage.
“Our strength is that we have a great solution for patrons that require $500 or less in change,” JC explains. “We’ve found that this represents most of a club’s patronage. For larger amounts, the patron usually wants to be recognized by the managers or the owners personally, and we encourage locations to continue with this practice for larger amounts for this reason.
“Our strength is that we have a great solution for patrons that require $500 or less in change. We’ve found that this represents most of a club’s patronage. For larger amounts, the patron usually wants to be recognized by the managers or the owners personally, and we encourage locations to continue with this practice for larger amounts for this reason.”
– Julius Cato
“Larger transactions make up a smaller portion of overall transactions, but a large amount of the total dollar value of change made. We understand this, and we’ve created a solution that supports this reality.”
These findings aren’t just based on educated guesses, either. BanQone has and will continue to put in the work through beta testing and real-time analysis of transaction data gathered from the industry they are committed to continue serving. In the last year, the company conducted uptime tests and achieved an uptime percentage that exceeds 99%, reducing bill jam ratios to keep cash flowing and service working as expected. New features in place empower management to take control of a variety of common issues without the need for contacting Customer Service, enabling customers to be serviced almost immediately. Finally, side-by-side studies of traditional ATMs versus the Rain Maker Kiosk at clubs in real-time found that patrons are drawn to the cosmetics of the Rain Maker, they accessed cash faster, and requested larger amounts on average over the traditional ATM.
The Rain Maker Kiosk is the nightclub innovation the industry craves, and there’s still much more to come. This cashflow machine creates new streams by giving customers access to the cash they want and the $ingles they desire within seconds.