Owning an ATM can be a great way to add an extra source of income for your business. However, it’s important to remember that an ATM is like any other piece of equipment that helps your business run — it may break down and require maintenance at one point or another.
Fortunately, most ATMs that are purchased brand new are in great shape and work with few issues. Of course, that doesn’t mean you should forget about the warranty that comes with your new ATM, as it’s your failsafe in case something goes wrong.
Standard Warranty
Almost every new ATM will come with a warranty from wherever you purchased it. In most cases, the ATM will be under warranty for a year. This is standard practice and means that if anything goes wrong with the ATM during the first year, a technician can be sent to fix the problem or replace a part without any cost to the owner. In most cases, nothing major will happen during the first year, but it’s always nice to know that you’re covered in case it does.
Extended Warranty
Once the one-year warranty has expired, the owner of the ATM is responsible for any repairs that become necessary. Fortunately, it’s possible to buy an extended warranty for an ATM once the first year is up. Most companies that sell ATMs and provide owners with a one-year warranty are willing to extend that warranty for an additional year or two, and sometimes up to five years. There are also companies that sell warranties on ATMs even if they didn’t sell the ATM originally, so there are usually several options available when looking for an extended warranty.
Parts Warranty
For individual parts that malfunction and need to be replaced, ATM providers will usually offer a warranty on the new part. In most cases, the warranty on the individual part is six months. If the ATM as a whole is still under warranty, the part can be fixed for free and given a six-month warranty regardless of the warranty on the rest of the machine. This can be great insurance, even if it’s unlikely anything serious goes wrong with a new ATM.
For individual parts that malfunction and need to be replaced, ATM providers will usually offer a warranty on the new part. In most cases, the warranty on the individual part is six months. If the ATM as a whole is still under warranty, the part can be fixed for free and given a six-month warranty regardless of the warranty on the rest of the machine. This can be great insurance, even if it’s unlikely anything serious goes wrong with a new ATM.
Contact National ATM Wholesale today to learn more about our ATM warranties.