Getting Started with Regulated Vending
The Need
There is a new trend rising in the vending industry that is a game changer for operators and customers alike.
As more states legalize regulated products, such as alcohol, CBD, and THC, retailers are searching for safe and effective channels to sell these high-value and age restricted goods while protecting the business owner and the business’s reputation.
Enter vending! Unattended retail units that electronically verify age and identity have become a smart and cost-effective option for operators and sellers.
Keep reading to learn more about getting started with regulated vending and how Fastcorp’s DIVI-Regulated™ can support your growing business.
The shift to unattended retail
Gone are the heydays of brick-and-mortar stores. While browsing a shop brings a sense of community and touch of nostalgia, it also brings to its owners the need for employees and the other expensive overheads that go with that.
Modern vending machines, like Fastcorp’s DIVI Regulated, are equipped with cutting edge ID scan and ID verification technology. This fast and reliable technology doesn’t just facilitate the sales of unique products but verifies buyers’ credentials with high accuracy, removing concerns about the human error when checking IDs.
Sellers can feel safe in their business process while the product remains secure and available!
What are age-restricted and regulated products?
According to LawInsider.com, regulated products are “any goods whose procurement, receipt, storage, transfer, distribution, return, destruction or disposition is regulated by any federal or provincial government entity”.
These products are commonly capable of being misused in some way and come with minimum age restrictions on purchasing. Availability varies from state to state, but some common regulated products include:
- Aerosol paint
- Alcohol
- Alcohol confectionery
- Botox and cosmetic fillers
- Certain over-the-counter medication
- Cannabis and THC
- Corrosive substances
- Fireworks and sparklers
- Knives / blades
- Lighter refills
- Nicotine vapor products
- Tobacco
- Movies (NC17, R, M, Etc.)
- Video games (M, AO, Etc.)
Fastcorp's technologies
When you are dealing with regulated products, a lot can be at risk! You need to follow state and federal regulations while protecting yourself and your business’s reputation. It really is a balancing act between a positive customer experience, and an operator/seller’s due diligence.
Identity verification
Fastcorp DIVI Regulated machines have an embedded ID scanner that can perform the highest level of identity-authentication.
More than 90% of suspicious IDs are identified using this system! Even without an attendant you can be certain that the ID is legitimate, and the purchaser is of legal age to complete the transaction.
The cutting-edge ID scan and ID verification technology from IDscan.net authenticates the ID and then uses real-time three-position facial matching to confirm the ID photo.
While other vending software can require buyers and sellers to download or install apps, making for a complicated buying experience, Fastcorp’s DIVI-Regulated and its ID-Scan.net® technology process IDs in in less than 15 seconds.
Vend Block
There's so much more!
You now should have a solid grasp on what regulated vending is and how Fastcorp’s DIVI-Regulated machines can help sellers/operators distribute their unique products with safety and security.
Watch out for more articles from Fastcorp and our partners about regulated vending – compliance, payments systems, security, and more.
Of course, if you have more question, we are just a click away!
To learn more about DIVI-Regulated™ and its capabilities, download the brochure here…
Arrange a free consultation today
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