An ATM machine on-premises can be a boon to business, but if you’re like many business owners, you’ve probably put off the decision to install one because you’re intimidated by the process of it. While ATMs provide an excellent revenue opportunity, there are some details regarding ATM processing that can be admittedly daunting. After all, you’re not a banker or a financial guru; you run a shop, or a gas station, or a bar, and that’s what you’re good at.
We understand this, and that’s why we’ve produced the following simple overview that includes everything business owners need to know about ATM processing. At the end, we’ll also provide you some helpful advice on how to make ATM processing simple and stress-free.
Transaction Processing
When people use an ATM, they are basically using the machine to conduct business with their financial institution. Most people withdraw money from the ATM, but a few use it to deposit money into their banks. The ATM interfaces with these financial institutions through agencies like Visa, MasterCard, Cirrus and Star. In most cases, these transactions will be processed and tracked through a third-party service of some kind.
Cash Vaulting
ATMs must constantly be stocked with cash, typically daily, to ensure funds are available for customers who use the machine. Cash vaulting is the system by which you load cash into your ATM. Machine owners may either load the machine with their own money or hire a vault cash service to do it for them (the cash is typically transported by armored car).
Real-time Reporting
Tracking your ATM activity is one of the most important things you can do to notice trends and optimize results. Your ATM will be connected to a data processing service that provides real-time reporting of transactions, delivering annual, monthly and/or daily reports as well as alerting you when the cash levels in your ATM get low. Some of these services also allow you to access data and reporting instantly by logging in via the Internet. This information helps you identify important activity trends and performance so you can make adjustments to obtain optimal results.
Maintenance and Repairs
Like any other type of machine, ATMs need ongoing maintenance and occasional repairs. These days, most machines are equipped to run regular self-tests that will alert you when the machine needs attention. Since you probably are no expert on the inner workings of an ATM machine, you’ll likely need to engage an experienced maintenance service to come and work on the machine periodically. You may also opt to subscribe to a preventative maintenance plan in which technicians come by regularly to keep the machine in proper working order.
How to Make ATM Processing Incredibly Simple and Affordable
The issues we’ve listed above are enough to intimidate even the stoutest of heart, which is exactly why many business owners balk at the idea of installing an ATM even though they know it would increase their revenue substantially. But what if these complications were someone else’s department? What if you could enjoy the benefits of an ATM while leaving the processing issues to someone else?
AtmMachines.com, LLC has made ATM processing virtually painless by including it free of charge in our placement plans. When we place the machine for you, we handle for the transaction processing, network access, real-time reporting, cash vaulting and maintenance, all as part of the plan. All you do is provide the space and collect your share of the transaction fees; we take care of the rest!
When you install an ATM machine in your business, you need to understand the various functions of ATM processing, reporting, vaulting, maintenance and repair—but with our ATM Placement Program, you don’t need to become an expert in any of these areas, nor do you have to stress over them. In fact, you don’t even have to pay for them!
Since AtmMachines.com, LLC makes ATM processing such a breeze, you basically have no excuse to exclude yourself from more revenue and sales. Reap the benefits of ATM placement without the headaches. To learn more, call us at 1-866-295-2329.