Owning an ATM is like any other aspect of business in that most of the time, location is everything. If you want your business to do well or sell a specific item in your store, finding the right location is essential. The same goes for your ATM. If you want people to use it, you need to find the right location. Here are some of the best locations for putting an ATM.
Most people will pay for expensive meals at restaurants with a credit card so they don’t have much of a need for cash. However, for more casual places where the check is likely to be a little lower, ATMs will get some use. Also, certain bars are likely to have a lot of cash transactions, and so when someone wants to stay a little longer than expected, they need to visit an ATM to get some fast cash. Plus, these locations get plenty of foot traffic even if people don’t need the cash to pay for their meal.
Whether they’re buying food or souvenirs, people are going to spend a lot of money when visiting any kind of entertainment venue. Aside from all the foot traffic, prices at an arena are often way higher than people expect, forcing them to visit the ATM to get more cash. Placing an ATM in an arena also gives you a little more flexibility when it comes to raising the surcharge to use it, which can help you make a little more money.
Gas Station/Convenience Store
These two businesses are cut from the same cloth and are filled with people paying with cash, making it perfect for an ATM, if not two. Some gas stations are starting to offer cheaper prices for those paying in cash, which makes an ATM necessary. Also, customers at both places may find themselves spending more than they expected on impulse items, forcing them to make an unplanned trip to a nearby ATM.
Few businesses get more foot traffic than hotels, and this fact alone makes it the perfect spot for an ATM. People who are far from home won’t be able to visit their bank to pick up extra cash, so they’ll visit the nearest ATM, which is likely in the hotel lobby. In fact, larger hotels may even have an ATM on every floor, so there’s definitely a high need for ATMs inside hotels.
Contact National ATM Wholesale today to learn more about installing an ATM within your place of business.