Frequently Asked Questions

Frequently Asked Questions

What is WristCoin, and how does it work?

WristCoin is a closed-loop cashless solution that replaces tokens, tickets, and cash at events. Using NFC technology (aka RFID), guests can quickly and conveniently make purchases with wristbands or keycards, while vendors can accept payments without cash handling.

How does WristCoin differ from traditional payment methods?

Unlike traditional payment methods, WristCoin doesn’t need internet access to process payments and still completely underwrites all transactions to guarantee available balance. 

Can WristCoin be used by both guests and vendors? How?

Yes, WristCoin provides solutions for both guests and vendors. Guests can use wristbands for quick payments, while vendors can benefit from reduced lines and quicker transactions.

How does WristCoin make transactions at events more efficient?

WristCoin increases efficiency by eliminating the need for physical cash, reducing waiting times, speeding up transactions, and allowing for real-time tracking of sales and inventory.

Is it possible to integrate WristCoin with existing point of sale systems?

Yes, WristCoin can be integrated with existing point of sale systems to offer a seamless and coordinated experience. We provide SDKs for integration, the NFC reader to accept WristCoin payments, and all the support needed for the integration.

What are the benefits of using WristCoin for event organizers?

Event organizers benefit from increased sales, improved guest experience, reduced cash handling, real-time tracking of sales, and more efficient operations.

What support and training are available for vendors and staff using WristCoin?

One-on-one calls with our support team are available for any event organizers or companies using WristCoin! We are here to help every step of the way. 

How can I get started with WristCoin for my event? What are the setup requirements?

Getting started with WristCoin requires only a quick consultation with the WristCoin team to discuss your needs. When you’re ready to get started, we offer a small evaluation kit that will have everything you need to try out the system. We offer a full money-back guarantee on the evaluation kit if you’re not satisfied.

Can WristCoin cashless be used in different countries and currencies?

Yes! WristCoin is the world’s only out of the box turnkey cashless system and has been used all over the world without on site support. Our system has full banking integration in over 45 countries, including Australia, Brazil, Canada, EU, India, Indonesia, Mexico, New Zealand, Puerto Rico, Thailand, UAE, USA, and many more. 

What are the reporting features available with WristCoin, and how can they be accessed?

WristCoin offers advanced reporting features, including vendor reports, item performance, sales reports, top-up reports, and more.

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