Solution
Cashless without a wristband to buy, fit or lose
The usual cashless event stack means buying NFC wristbands, encoding them, staffing top-up booths and dealing with the ones that stop working at 2am. A Wallet card does the same job on hardware every guest already brought.
Updated
At a glance
- Carrier
- The guest's own phone
- Top-up
- Online before the event, or on site
- Vendors
- Each settled separately
- Refunds
- Remaining balance returned after the event
Updated
What the wristband was for
A wristband solved identification and offline operation on a field with no signal. It cost money per guest, needed encoding staff, and produced a pile of refunds to process afterwards.
A Wallet card solves identification the same way and costs nothing per guest. It does need connectivity at the point of sale, which is a question about the site rather than about the guest.
The top-up booth becomes a link sent before the event, which also means the money arrives before the gates rather than during the first hour.
- Vendors settle individually, so a food truck is not inside the bar's takings.
- Balance can be capped per guest, per day, or per vendor category.
- The remainder is refundable to the guest after the event, in one batch.
Running an event
- 01
Issue before the gates
A link with the ticket: the card is in the phone before anyone arrives.
- 02
Top up online
Guests load the balance in advance, which shortens every queue on site.
- 03
Accept at every vendor
On terminals or staff phones, whichever the vendor has.
- 04
Settle and refund
Vendors are paid per their own totals; guests get their remaining balance back.
Details
- Cost per guest
- No physical carrier to buy
- Connectivity
- Required at the point of sale
- Vendor devices
- Terminals or ordinary phones
- Categories
- Bar, food, merchandise — reportable separately
- Caps
- Per guest, per day or per category
- Post-event
- Batch refund of unspent balances
Questions about this
Which industries does 7Konto support?
Retail chains, restaurants and HORECA, hotels, corporate meal programmes, employee benefits and fuel cards, cashless events, coalition loyalty, property management, campus environments, and e-commerce merchants who want closed-loop alongside their PSP.
Who is 7Konto for?
Businesses that want to accept internal balances, gift cards, coupons or B2B2E accounts: retail chains, restaurants, hotels, corporate meal programmes, benefits providers, event organisers, coalition loyalty operators, property managers and campuses — plus the banks, PSPs and acquirers who want to offer all of that to their merchants.
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