US ATM Network can put a free ATM at your location assuming you meet some basic criteria. But should you buy an ATM or have us put one in?
First lets see what goes into a successful ATM Placement?
Really one or two things – the first is foot traffic. If you have in excess of 100 people through your doors an ATM placement likely makes sense.
The second criteria that predicts success for an ATM placement is whether the business takes only cash. If you have an all-cash business even if the traffic is less than 100 people per day an ATM placement likely makes sense.
If you want to own your own ATM or buy an ATM there is a lot involved in the process and selection of a company that you buy your ATM from. If you have the money and want to buy an ATM it can make sense as you will get 100% of the surcharge but it will be incumbent on you to install, program, maintain, fill and repair the machine which if it is not your primary line of business can be challenging. Having employees carry and handle large sums of cash also may not make sense for you. A new machine costs approximately $2200. You can get used ATM’s or inferior machines much cheaper. However, beware that older machines many times are not EMV (chip card) or otherwise compliant and can end up costing more than a new machine will after the required repairs. Also, inferior machines have lower capacities, cheaper dispensers that malfunction (yikes!) or break down regularly. If you want to buy a solid machine plan on $2000-$2500. Don’t try to get a cheaper one – you are just asking for trouble. Really when all is said and done unless you have a very high volume location (more than 250 transactions a month) it does not make sense to own your own machine. For most of our client’s it makes the most sense for them to simply have us install, program,service, load and maintain the ATM for them and simply collect a check at the end of the month.
Give us a call to discuss we are happy to chat about what fits for your business
If you want a free ATM installed at your business call or text us at 877-637-7770, email us at Sales@USatmNet.com or fill out the contact form below.