ATM Location

ATM Business Success is Just Like Real Estate - Location, Location, Location!

Most people don't realize that most ATM machines are not actually owned by banks. You need not be affiliated with any back to own and operate ATM machines and once you have a few basics down, you can create a sizable passive income simply by placing and replenishing ATM machines. If you rent the machine, you will be paying a chunk of your proceeds each and every month for the rental of the machine, but if the machine breaks, the rental company is responsible for fixing it. The ideal place for an ATM is in a high-traffic location with a lot of foot traffic. A location where customers are required to pay cash by the stores or vendors is perfect. It's also effective to place an ATM in a location where it's just easier to pay in cash. For example, a busy bar will see high ATM usage because it's just easier to pay in cash than run a credit card for every drink purchased.

An ATM without money can't make you money, so you should always keep the machine stocked. Many individual ATM machine owners stock the machines with their own personal cash and get the money back with transaction fees on the back end. Finally, you should consider what kind of ATM machine is needed for the location. There are many different types ranging from small mobile ATMs to large in-wall ATM machines for drive-up use. Machines that support both English and Spanish are most common.

Have you ever wondered if those machines make any money? In this article we will examine the benefits of owning an ATM Machine:

You allow your customers to access all of their available cash from bank cards, credit cards, etc., so when customers have more money, they spend more money.

Cash does not bounce. Reduce Costs

By directing your customer to your machine, you can greatly reduce the credit card fees you are currently paying.

 Save Time

Save a customer embarrassment and employees time. An  machine also deposits directly into your bank account, which saves time and work. You will usually have your cash withdrawn from your machine re-deposited into your bank account in 24 hours, along with your  surcharge fee the customer pays.

Improved Image

An ATM cash machine adds to the overall value of your store. People may visit your store to withdraw cash, and then stay and spend cash in your store!

Increase Customers

Increase Profits

With surcharge fees, you should earn enough to cover the cost of the machine's lease or purchase. ATM's pay for themselves.  Store placement at no cost if you have provable heavy foot traffic.  This type of card allows you transfer money to Honduras or other countries so that your relative can immediately use it to either withdraw cash from an ATM or purchase products with it. If you do plan to use a prepaid debit card to transfer money to Honduras, you should first make sure it is usable in this nation.

Typically, ATMs operated by Banco Atlantida and Unibanc are considered to be the most reliable machines in the area, so be sure your relative knows this before you transfer money to Honduras on a prepaid debit card. Fortunately, debit and credit cards are widely accepted in Honduras. As long as you ensure that your relative can use their card in their nation, the ability to transfer money to Honduras on a debit card can be quite helpful.