Purchase Atm

Purchase Atm

"I just couldn't believe I could go on Craigslist and buy an ATM machine. Before jumping into purchasing an ATM machine be sure to do your home work. Once you purchase one you still need an ATM company to process the transactions (similar to credit card processing). This article will discuss how to pick an ATM company to best service your ATM processing needs and how to make sure you select the right ATM machine. ATM machines have come way down in price since first being introduced to the retail segment in the early 90's.

With advances in technology and the number of really good machines still in service we see many used machines for sale on the internet including auction sites. If you see any ATM machines for sale that are less than $1,000 used be very wary. Once you purchase an ATM Machine you still need ATM processing. Look for an ATM company that specializes in ATM processing (I suggest you Google the words "ATM Processing" or check out the author comment links below). A reputable ATM company should offer ATM's with or without processing. They would also offer ATM processing only if you al The presence of an Automated Teller Machine (ATM) in a business can be extremely beneficial in retail businesses that require or prefer that their customers pay with cash. Unlike vending machines or toy machines where a proprietor benefits solely from the rental of the space or from the direct profits of the machine, ATM's provide a host of other benefits to the proprietor. Increased Sales. Studies show that an ATM can increase a business' sales as much as 8%. Cash Retention. 25% of the cash withdrawn from an ATM is spent on the premises. Cash does not bounce. By having an ATM there is less risk of robbery and employee theft. Reduced Costs. By directing your customer to the ATM, you can greatly reduce the credit card fees you are currently paying. Credit card transactions cost between 2% and 3% of a purchase. Save Time. An ATM can save customer embarrassment and your employees' time. An ATM also deposits funds directly into your bank account, which saves time and work. Improved Image. An ATM only adds to the overall value to your store. Increase Customers. ATM customers spend an average of 20% to 25% more than non-ATM customers 40% of ATM users go to the ATM machine an average of 10 times per month Placement of an ATM machine is the second most requested service for retail stores ATM users are "habit"-driven, using the same ATM repeatedly ATM customers prefer the convenience of a retail store to a bank Buying The most profitable choice for the business owner, this entails owning the equipment by purchasing the ATM outright and owning the equipment. Cash replenishment is the proprietor's responsibility. Most ATM vendors require that you sign a processing agreement. Leasing This carries all the same responsibilities and profit benefits as buying an ATM. The business owner must beware, however, as this is where a vendor can hike up the machine price with out the business owner realizing it. For the business owner that wants no involvement with the ATM, ATM vendors will sometimes offer to place an ATM in a business for free and operate it entirely. In the long run, however, this can be a mistake, as the number one service problem is that the ATM will run out of cash. Often independent operators are subcontractors who are part-time investors with a network of ATM's.