Frequently Asked Questions
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It varies based on your type of business, but $2-$5 per transaction is the expected target range. We can make changes as necessary based on your customers' feedback and usage volume. It is also possible to institute a percentage based surcharge if it seems appropriate.
The answer depends on revenue volume and on the placement program. Revenue sharing can be determined on a case-by-case basis, but for a free placement program, a revenue share of 20%-35% for withdrawal transactions is typical. Regardless of the sharing agreement, we want it to be profitable for both us!
A space 19″ wide and 27″ deep, and a standard outlet. We use wireless internet boxes for connectivity so no cable runs are required.
Our free placement program provides the ATM at NO COST to you, including programming, installation and maintenance, and processing. You focus on your business while we handle the rest.
The footprint is minimal—just 27"x19". It's strategically placed for visibility without impeding your space. We can also provide you with a countertop option or a wall-mounted option, creating a clever use of valuable space!
ATM theft is rare but it does happen. We ensure the ATM is secured, and our insurance coverage protects against theft or damage, providing peace of mind.
It is true that the use of cash has declined overall, but cash is still legal tender! If there was a danger of cash going extinct, there wouldn't be a need for ATMS at all, but here we are, still in business and growing. Despite the rise in card transactions, 20% of all monetary transactions are still in cash. Moreover, the number of ATM machines per 100,000 people has surged from 19.7 to 51.6 since 2010. That's more than doubled! There is also a continuing rise in credit card and virtual banking fraud, making cash a safer and more secure way to spend. Finally, ATMs have evolved into more than just cash dispensers. They are capable of a number of electronic and banking transactions and will continue to evolve to meet consumer demands. Having an ATM caters to all customer preferences and provides a service to clientele who prefer cash.
An ATM not only complements card payments but also attracts cash users, expanding your customer base and increasing overall transactions, while simultaneously saving you money on your credit card transaction fees. Having multiple ways that clients can pay you is certainly not a negative. Additionally, credit card processing outages happen almost daily for many businesses. An ATM is a great backup service to ensure your business remains running smoothly and profitably. If you are a business that involves tipping, cash is a great way for your employees to benefit! Customers with cash will tip more than those with card.
We provide 24/7 support, ensuring quick resolution to any issues. Our commitment is to keep the ATM operational and hassle-free.
On the contrary, ATMs are evolving to meet the needs of the consumer market, with Bitcoin transactions, phone transfers, pop money, wireless transactions, and more. It's a modern addition that enhances your tech-forward image.
We handle all paperwork and provide clear financial statements. We also bear the burden of the rare customer dispute. It's a seamless, hassle-free process with no added burden on your end.
Increased foot traffic is an advantage, not a disruption. It enhances your business visibility and potential sales. However, if you’re worried about the disruption of your business‘s flow, it’s important to remember that the machine takes up about a small amount of floor space and provides an opportunity for faster payment at the register! There are also different types of ATM machines that we can install to meet your needs.
We understand that this is often the bottom line, but let's look at it a different way. First, in a free placement program, any additional revenue the machine generates for your business is better than a zero sum. Second, in order for us to place a machine in your location and keep it there, it has to be sustainable for us, too. We promise not to keep a machine in a location that is not profitable for us both. As long as the machine in your location is doing at least 75 transactions per month on average, our revenue-sharing model ensures you receive a steady income stream, turning the ATM into a profitable asset. We can’t promise you exact figures, because no two scenarios are the same, but we are market partners and when we make money, you do, too. If you aren’t making at least $75/month from transactions, it’s unlikely that we could keep our machine in your business.
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