The ATM business has been a strong business for years. Since the mid 90s, any individual or organization is able to own an atm machine (not just the banks). During this hyper growth phase, you were seeing atm machines pop up in bars, liquor stores, and convenience stores. With the amount of machines in the marketplace,
As a result, you are seeing companies selling their portfolio of atm machines. The buyers of these portfolios vary from banks, to bigger ATM companies (such are TRM and Cardtronics). TRM was a NASDAQ listed company that has been delisted. BELIEVE SOMEONE IS GOING TO GIVE YOU A FREE ATM?
If you have been told that a company will put ATM equipment in your retail business for free, think it over carefully. How do you suppose these companies pay for their equipment and sales forces, buy advertising, paid for well designed web sites and to drive traffic to those sites?
The "free" ATM that Mr. nice guy's company is offering you will, no doubt be programmed to send all or most of service charge fees directly into their fat bank account. Still worse, once you sign-up, his company could have the ATM rights at your business location for years to come.
Many reputable companies offer tax deductible lease to own programs. One of these companies Quick Pay ATM offers no set up fees, no out of pocket up-front costs at all. In most cases, if the equipment stops being profitable, the nice guy's company has the option of removing it, but don't let me gives you any ideas.
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