Buying Atm

Nowhere are ATM machines more of a necessity than convenience stores. Almost everyone has used an ATM machine at some point in time and many people use an ATM regularly for convenience. There are many benefits that convenience stores can reap from owning an ATM machine including an increase in customer traffic and spending, reduced credit card processing fees, and surcharge revenue. ATM machines are a quick way for customers to get cash. When the customer withdraws money from the ATM, the owner of the ATM machine makes money by charging a fee every time someone takes the money out.

The owner also saves on credit card processing fees because the customer is more likely to use cash. "Operating a convenience store, we certainly could not live without an ATM. People come to use the ATM and end up spending more money in our store. People also don't want to have to drive far to withdraw money from their bank accounts, so having an ATM machine in a local convenience store, therefore, attracts more customers.

To learn more about the benefits an ATM machine can have for your business, check out our Free Special Report, "The Benefits of Owning an ATM."

The thing that some people do not realize is that an ATM is a money machine. Sure, it's a machine that gives money to people from their bank accounts, but it's also a money machine for the person that owns it, because it makes money for them. Every time someone withdraws money from an ATM, the owner of the ATM machine earns a surcharge fee. A recent Convenience Store industry study reported that ATM customers spend 25% more than non-ATM customers. Finally, for business owners that accept credit cards, having an ATM can play a big role in reducing credit card processing fees. By offering cash to your customers, more of them will pay you in cash, which means fewer credit card transactions and lower monthly credit card processing fees.

Automated Teller Machines (ATM) are ubiquitous right? You don't take credit cards? Get an ATM installed. You get full price for your product, your customer has access to cash and you make money on that customer twice instead of paying a credit card processing fee or losing the customer completely.

What happens if the machine breaks down and gives away money or doesn't give out the money?