ATM Machines

ATM Machines

If you are a business owner, when your customers need cash - where do you think they get it? If you have an ATM machine in your business, the chances are very good that they get it from your ATM. If you don't have an ATM machine in your business, there's a good chance that many of your "would be" customers decided not to go into your business because you don't have an ATM. This is because most people that use ATM machines tend to get cash when they are doing other things like shopping, getting gas, etc. If you don't have an ATM machine, you have two choices for accepting payment from customers: One - customers pay you in cash or, two - you have to let them run a tab.

Let's talk about running credit card tabs first. Accepting cash from customers is a great idea!

By having an ATM machine, you can enjoy these benefits:

According to a recent 7-11 study, ATM users spend an average of 25 percent more than non-ATM users.

Reduced credit-card fees

More of your customers will withdraw money from your ATM and pay you with cash instead of a credit card. By increasing the number of cash transactions and reducing the number of credit-card transactions you have every month, you will pay less in processing fees. Most customers reduce their monthly credit-card processing fees by an average of 30 percent.

Earn Surcharge revenue

Every time a customer uses your ATM, you receive a transaction fee, or "surcharge" that you get to set. The average ATM Network customer earns around $400 a month this way, and some higher-traffic locations earn thousands.

In 1960 a bank in New York City had a cash machine predecessor (the Bankograph) installed that would free up tellers by accepting utility bill payments.

The next automated cash dispenser development occurred in 1964. This machine would dispense ten pound sterling amounts of cash in exchange for a teller purchased voucher.

The current machine style was a creation of British engineer James Goodfellow. In 1965 he patented the cash machines that were the forerunners of what we use today. The public still had problems with accepting and trusting money machines. The machine proved to be very costly to operate.

Docutel led the way to the modern ATM machine in 1971 when they produced a full-function ATM called Total Teller. By 1973, these machines were capable of issuing cash in variable amounts. Today automated cash machines are more common than drinking fountains and are so prevalent they are very easy to locate. The ability to use a small plastic debit or credit card to withdraw cash as desired or needed from these machines is just so easy. Some banks use ATM stations for speed and convenience, replacing regular human tellers. Consumers no longer be concerned about carrying cash, a stack of credit cards, checks or other financial instruments. ATM machines can be adjusted for ticket selling, concert ticket sales and gift certificates.

What did businesses and the public do before the invention of the ATM machine business? Prior to the availability of ATM machines for sale it was necessary to make a trip to the bank during regular business hours for a cash withdrawal. There is a growing ATM machine business opportunity for those willing to bring a machine into their store or business location. Modern automated teller machines can access many different interbank networks. Most banks and retail outlets make money by charging a usage fee when the ATM is used.

That being mentioned, the Florida Lotto ATM Machines will permit lotto lovers to actually play the lottery on ATM machines! That is right, aside from handing over cash, these new machines can even dispense lottery tickets like the ATM Powerball. Firstly, the service providers that may arrange the Florida Lotto ATM Machines for you will let you recognize that you can either pay for the machine or procure it free of charge. Florida Lotto ATM Machines and the ATM Lotto will provide help to make ends meet only if you utilize your common sense and perceive that if one thing looks too good; it is likely full of defects and shortcomings. Go out and get this dream machine now!