Cashless: The Future of Payment at Events and Beyond

The term"cashless" is being used more and more, particularly in the context of large-scale festivals and events. But what is cashless payment, why is it becoming so popular, and how does it work in practice?

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In this article, we'll talk about this new payment method. We'll look at its advantages. We'll also answer some frequently asked questions about it.

What is cashless payment?

The term "cashless" literally translates as "without cash". In the context of payment, it means using means that do not require cash. This includes bankcards, smartphones and, more recently, NFC devices.

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These devices can be bracelets or special cards. This system enables payments to be made quickly, securely and without the need to handle bills or coins.

Why cashless festivals?

Many large-scale festivals and events are now adopting the cashless system for a number of reasons:

1. Security: By eliminating cash, organizers reduce the risk of theft, both for participants and for on-site merchants.
2. Smoother transactions: Cashless payments are faster than cash transactions. This reduces queues at points of sale and improves the overall festival-goer experience.
3. Simplified management: For organizers, managing a cashless system is simpler. Transactions are automated, facilitating accounting and real-time inventory management.
4. Tracking expenses: For users, cashless means they can keep better track of their spending, with a transaction history accessible online or via an app.

Why is cashless becoming essential?

Cashless is not just a fad; it's part of a natural evolution in consumer behavior. With the rise of mobile technologies and the growing need for security, the transition to digital payment methods is almost inevitable. What's more, in a health context where limiting physical contact is crucial, cashless appears to be an ideal solution.

How do cashless devices like wristbands and NFC cards work?

Cashless devices, such as NFC wristbands or cards, work using short-range wireless communication technology. Here's how it works:

1. Activation: On arrival at the event, the participant receives a wristband or NFC card, often already pre-loaded with a certain amount of money. This device is linked to a specific user account.
2. Payment: To make a purchase, simply present your bracelet or card at a payment terminal. The corresponding amount is then deducted from the available balance.
3. Recharging: If the balance is insufficient, it is possible to recharge the bracelet or card via special terminals, mobile applications or online. Participants can add funds using a bank card or other electronic means of payment.

How do I recharge a cashless wristband?

Recharging a cashless wristband is quick and easy:

1. Online: Before or during the event, log on to the dedicated platform (often accessible via a link sent by the organizers) and add funds to your bracelet using your bank card or other electronic means of payment.
2. On-site: Recharging stations are usually available at the event site. You can add funds there in cash, by credit card, or sometimes via other digital payment methods.
3. Mobile application: Some cashless platforms offer a mobile application where you can track your balance in real time and top up your wristband in just a few clicks.

How do I get my money back on a cashless bracelet?

After the event, you can recover the remaining balance on your bracelet. Here's how:

1. Refund request: Log in to your cashless account via the event website or dedicated app. There you'll find an option to request a refund of any unused balance.
2. Refund time: Refunds are usually processed within a few days of the request. Funds are returned to the bank account or payment method used for the top-up.
3. Potential charges: Some events may charge a processing fee for refunds. It is therefore advisable to check the specific conditions of each event.

Conclusion

Cashless is establishing itself as a standard in the world of festivals and events, offering security, practicality and simplicity. Whether you're a participant or an organizer, understanding this system is essential to reaping its full benefits. As this technology continues to evolve, it could well become the predominant way of managing transactions in many other areas beyond events.

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To find out more about cashless and keep up to date with the latest trends in digital payments, keep following us and feel free to share this article with your friends and colleagues.

Who we are

With more than 60,000 customers, Easytransac capitalizes on a decade of expertise in various payment solutions (distance selling, ecommerce, convenience selling, cashless, mobile payment...). 

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Recently integrated into the HOPPS group and in strategic alliance with InEvents, Easytransac is at the forefront of innovation in the ecosystem of electronic payments and hybrid and cashless solutions that meet the requirements of e-tailers, event professionals and SMEs. 

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Our platform simplifies transactions and enriches the user experience, thanks to an intuitive interface and real-time tracking, while ensuring security at every payment.