ATM Business For Sale

Choosing the Proper ATM Machine For Your Business

There are about 1.2 million ATM machines installed all over the world. In the United States alone, there are about 371,000 ATMs. This overwhelming increase in automated banking is due in part to the convenience and security an ATM machine provides. However, how does a business owner determine which ATM is suitable for their business?

There are many options to choose from when selecting an ATM. You have to decide on a spot to put it, how much room you have, and how much you want to pay for the ATM machine. Most ATMs are small and narrow and some can even be built into the wall to save space. They range anywhere in price from $2,500 to $5,000 depending on the model and type you want to purchase.

Shopping around for the best price is important but not exclusively. You want to find out not only how much it costs but what is all included in that price. Many businesses include free shipping and installation. Look around for establishments that are having promotions and reduced sale prices. You will also want to know how much of the surcharge you will be able to keep.

There are many benefits that come from owning an ATM machine. Just by having the ATM at your business you are likely to attract more customers. Because you are generating more customers, they are inclined to spend some of the cash that they pulled out of the ATM at your business. This saves you money on credit card fees too.

Businesses can greatly profit from owning an ATM machine. Not only do you get the surcharge revenue from each transaction, but ATM customers also spend between 20 to 25% more than non-ATM customers. If your business recruits more than 200 customers per day and people are asking for a nearby ATM, you should definitely consider owning an ATM machine.