Is ATM Placement Right For Your Business?

Author Justin Gilmore

If you’d like to have an ATM at your business to provide a useful service for your customers and add another source of income, one option to consider is ATM placement. Instead of having to buy an ATM outright, ATM placement allows you to make a deal with an ATM provider like National ATM Wholesale. They own the ATM and take care of it while you reap the benefits.

If you don’t have the money to buy an ATM outright, there’s a good chance ATM placement will be right for your business. ATMs can cost thousands of dollars to buy, especially if you don’t want to have to settle for a used one. Keeping the machine filled with your own cash can also require plenty of capital upfront. Unfortunately, this isn’t always feasible for all businesses. However, ATM placement is a good way to get around these potential roadblocks.

Even though the ATM is placed at your business, the ATM provider still owns the machine. This means they’ll be responsible for keeping it filled with cash and take care of any necessary repairs. These expenditures can be somewhat costly over a long period of time. However, with ATM placement, no money changes hands between your business and the provider. You simply give them a space for the ATM and they take care of the rest.

Not only will ATM placement help you avoid making a large investment upfront, but it will also save you a lot of time and hassle. Smaller businesses may find that they don’t have the time to keep up with all of the responsibilities that come with owning an ATM. If this is one of your concerns when considering whether or not to add an ATM to your business, ATM placement may be a more suitable option for you.

The caveat of ATM placement is that you’re unlikely to add as much revenue as you might if you owned the ATM outright. However, you will benefit simply from having an ATM in your business. You will also share the revenue from the machine with the ATM provider. Essentially, you get many of the benefits of having an ATM without any of the cost or time commitments. It’s a great setup for smaller businesses looking for a little extra revenue. ATM placement could also be a good way to test out if it’s worthwhile for your business to buy an ATM outright.

To learn more, call, LLC today at 1-866-295-2329.