FAQs
1. How profitable is an in-store ATM machine?
Businesses such as gas stations, restaurants, nail salons, or parlors can benefit from an in-store ATM machine. It will surely attract more customers and clients to your business. According to National Cash, the average ATM is used 300 times per month!
However, before investing in an in-store ATM machine, there are some key points to consider, including:
- Foot Traffic and Usage
- Operating costs
- Contractual agreements
- Cash management, or the ability to ensure that your ATM is consistently full.
2. Why is an ATM machine good for business?
Having an ATM machine in your business is something that might seem unnecessary, but it has hidden benefits you likely aren’t thinking about, such as additional foot traffic, added convenience, and another form of passive income for store owners. Additionally, ATM machines encourage cash tips and payments, reducing credit card transaction fees.
3. Do you need to own a business to own an ATM?
A common question that comes up is: do you need to own a business to own an ATM machine? In other words, can anyone own an ATM machine?
The simple answer to this no, you can own one or multiple ATMs without any existing or separate business. However, you will need to contact such companies to operate and set up your ATMs in their businesses.
4. Do I need to fill up my own ATM?
This completely depends on personal preference! As an ATM provider, we’re able to fill and maintain your ATM machine for an additional fee. However, if you’re interested in filling your own, we offer training services to make sure you’re able to fill your own. Get in touch for more details.
5. Who installs my ATM machine?
We wouldn’t be a full-service ATM provider if we didn’t install your ATM machine for you. Once you’ve placed an order through us, one of our ATM service providers or contacts local to your business will install the machine free of charge.