FAQ: Are ATM Machines Expensive?

Author Justin Gilmore

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Installing an ATM can be a great way for any business to help their customers and increase their revenue at the same time. Of course, owning an ATM is far from free, so before committing to buying an ATM, it’s important to learn more about how much they cost to own and operate.

Much like other products, there are different variations of ATMs that have an impact on how expensive they are. A freestanding ATM, which can be a nice option for businesses of all sizes, typically cost between $2,000 and $3,000. However, there are over a dozen models available for this type of ATM, and the different features offered by each model will alter the price.

If you prefer to have a built-in ATM, the cost will typically be more in the neighborhood of $5,000. These are more expensive than freestanding ATMs because they are safer and easier to put outside, allowing them to get more use and create more revenue. Again, each model of built-in ATM will have different features that alter the price.

It’s also possible to save money by buying a pre-owned ATM. Third-party websites like Craigslist and e-bay often times sell used ATMs at a significant discount, sometimes as low as $500. If you don’t have a substantial budget, this can be a great way to buy an ATM that can bring in extra revenue. However, buying a used ATM does increase the chances of the machine breaking down and needing repairs that may offset the money you saved.

It’s also important to keep in mind some of the expenses that come along with owning an ATM. You may need to pay a cash-management service to refill the machine with cash when necessary. There are also routine maintenance and repair costs to consider that may detract from the profits the ATM brings to your business.

Ultimately, there are a number of variables that dictate the cost of an ATM. Depending on your budget, buying an ATM may be an expensive proposition. The best thing you can do is get a quote from an ATM provider like AtmMachines.com, LLC, who provide free consultations to help you find the right ATM to fit your business. To learn more about your options, call us today at 1-866-295-2329.

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