Author: Justin Gilmore

Which ATM Machine is Best for My Business?

Posted on by Justin Gilmore

Once you’ve decided to provide more value to your customers (and more revenue to you) by installing an ATM machine, the next question to ask yourself is: “Which ATM machine is best for my business?” Fortunately, these machines come in many shapes, sizes and installation types, so there’s a good solution for almost every type of business. The following overview should give you an idea of what’s available so you can make an informed decision about the best solution for you.

Standalone ATM machines

Perhaps the most common type of ATM for commercial businesses, the standalone variety is easy to place and can be moved to a variety of high-traffic locations in the store with minimal effort. This type of machine is optimal for businesses with ample space, as well as those who want the freedom to move the machine as the needs of the space evolve.

Through-the-wall ATM machines

Another installation option is to get an ATM that mounts directly into a wall. This solution can be optimal for businesses who have a high-profile wall space, minimal floor space and/or desire more security. The potential disadvantage is that through-the-wall machines are effectively permanent, so you want to be certain of the placement location before installing it.

Countertop ATM machines

For businesses who have limited space in general, a countertop ATM may be the perfect solution. These units are compact and easily mounted onto a counter, and they can provide added convenience for patrons at restaurant and bar establishments who need spur-of-the-moment cash. The downsides are that you will have to sacrifice some counter space, and that smaller ATM machines may need to be reloaded more often.

Outdoor ATM machines

If you have ample external wall space and don’t mind the extra effort to install, an outdoor ATM can be an excellent solution. The greatest advantage here is that an outdoor ATM is accessible 24/7 so you can generate revenue around-the-clock, even when you’re closed. The innate challenges with an outdoor ATM are that you must make an extra effort to protect it from the elements—for example, placing it under an overhang, placing plastic shielding over the sensitive parts of the machine, providing electric heaters to keep electronics from getting too cold, etc. Outdoor ATMs may also be vulnerable to tampering, so you’ll need to inspect the machine regularly for security reasons.

Whichever type of ATM machine works best for your business, make sure you get a high-quality machine from a respected manufacturer, one that is reliable and low-maintenance. To ensure the best levels of quality, AtmMachines.com, LLC only sells and places machines from top manufacturers like Hyosung, Genmega and Triton, all of which make ATMs with a variety of features to suit many different types of companies. To learn more about which machine is right for you, call us today at 1-866-295-2329.

FAQ: Is an ATM Placement Program Right for My Business?

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An ATM is a great idea for almost any brick-and-mortar business frequented by customers, but many business owners ask whether it’s better to buy an ATM machine outright or to participate in our free ATM Placement Program. The answer is different for each business, based primarily on that business’ priorities, cash flow and long-term interest. Owning an ATM allows for greater profits in the long run, but it also requires time, effort and an investment of money—and some business owners would rather leave those tasks to someone else. In deciding whether an ATM Placement Program is right for your particular business, here are a few questions to ask yourself.

How much money am I willing to spend?

If you have an initial outlay to invest (ATM’s don’t cost that much to buy) plus cash with which to stock the machine, you can definitely increase your revenue and profits over time by owning an ATM—provided, of course, that it sits in a place with plenty of foot traffic. If you don’t want to spend the money up front but simply want the convenience and secondary benefits of having an ATM on your premises, a free Placement Program might be a good solution for you.

How much time am I willing to spend?

Operating and managing an ATM machine does entail a small learning curve. While some business owners don’t mind the extra time it takes to learn and to manage the process, others would rather just focus on what they’re in business to do. As yourself what’s more important to you: Time or profits? If you said the former, you would probably do better with an ATM Placement.

How much responsibility do I want?

Along with the investment of money and time, owning an ATM requires an ongoing effort to keep the machine stocked with cash and in proper working order. Some business owners don’t mind the added responsibility, while others are uncomfortable handling that kind of cash on their property or having to deal with maintenance and repairs. If you don’t want the extra responsibility for taking care of an ATM and you’d rather leave it to us, you’re probably a good candidate for ATM Placement.

AtmMachines.com, LLC offers a variety of programs tailored to the needs of all types of businesses. To learn more about our ATM Placement Program to decide whether it’s right for you, call us at 1-866-295-2329.

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FAQ: Who Fills ATM Machines With Cash?

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For those who are unfamiliar with ATM machines, one of the biggest mysteries is who’s responsible for filling them with cash when they run out. Obviously, ATMs at banks will be refilled by the bank itself. However, for standalone ATMs, there are a few different options when it comes to the responsibility of refilling the machine.

If a business is the outright owner of its ATM, they have the option of refilling the machine on their own. This isn’t necessarily the easiest option, but it’s usually the best way to maximize profits from the ATM. Part of the problem is having enough cash available to refill the machine every time it starts to run low. This requires business owners to have a great deal of capital available to them. The other issue is finding a time when it’s safe to refill the machine. Otherwise, they run the risk of something going wrong and losing a significant amount of money.

The difficulty and risks involved with filling an ATM on your own often lead business owners to hire a cash management company to handle the task for them. Obviously, this takes away from some of the profits brought in by the ATM. However, it also brings peace of mind. A business can work out a schedule with a cash management company for when to refill the ATM. They can then go about doing so a secure way. Cash management companies will also have insurance just in case something goes wrong. This means the ATM owner won’t risk losing thousands if there’s a mistake while loading the machine.

A business may also partner with an ATM provider like AtmMachines.com, LLC, who will take care of filling the machine with cash. AtmMachines.com, LLC has a longstanding relationship with a trusted vault cash supplier, which helps to simplify the process for businesses. While it may be beneficial financially to take care of refilling an ATM on your own, the peace of mind of leaving it in the hands of trusted professionals also has its perks.

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

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FAQ: Why Do I Need an ATM For My Business?

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Almost any brick-and-mortar business who has visiting customers is a potential candidate for installing an ATM machine. For some, the benefits are more obvious—for example, if many of your customers pay in cash, or if you run a cash-only business. But there are many other reasons why you might need an ATM for your business. Let’s look at just a few.

Makes it easier for customers to buy

Everyone needs cash. How many times do customers come into the store only to realize she doesn’t have enough cash, and the purchase is nearly too small to warrant a credit card swipe? By installing an ATM, you resolve this issue and give your customers more options for payment. (For cash-heavy businesses like gas stations, bars and convenience stores, an ATM is practically essential to keep sales from walking out the door.)

Encourages more foot traffic

Having an ATM encourages more people to come into the store—and more traffic generally translates to more sales. Even if the customer didn’t initially intend to buy anything, studies show customers are 30-50 percent more likely to buy with cash they got from your ATM.

Offers your customers more value

Having an ATM onsite gives your customers a whole new set of services they wouldn’t have access to otherwise. It gives them another reason to visit you—and another way for you to generate revenue.

Provides a passive income stream for you

Every time someone uses the ATM at your business, you make money from that transaction. If you buy the machine outright, it pays for itself quickly in a high-traffic area; if you participate in our ATM Placement Program, you pay nothing for the machine—you just earn revenue. It’s basically free money—and who couldn’t use more of that?

Reduces your credit card processing expenses

When you make cash readily available to your customers, they’re more likely to pay you in cash than by credit card—and that means you don’t pay the credit card processing fees on those transactions. So while the ATM generates revenue for you, it also helps lower your average cost per transaction.

From affordable purchase options to free placement options, AtmMachines.com, LLC makes it easier than ever to get an ATM for your business. To learn more, call us today at 1-866-295-2329.

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FAQ: How Can I Get a Free ATM?

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An ATM machine is a great investment for almost any business—but some business owners either can’t spare the money to buy one or don’t want the responsibility of ATM ownership. However, there is a way to get a free ATM for your business: Through the ATM Placement Program by National ATM Wholesale. Under this program, you enjoy the benefits of increased customer traffic and revenue without the added costs of buying, vaulting, managing or maintaining the ATM itself.

How does it work?

With the ATM Placement Program, we place an ATM machine in a favorable location at your place of business. Installation, management and maintenance of the machine are all free; you simply provide the location. As people use the ATM machine, you receive a percentage of the surcharge per transaction as payment for the use of your space. This revenue is deposited daily into your bank account via ACH direct deposit. You’ll begin to experience the benefits of ATM placement almost immediately, both in surcharge revenue and increased cash sales from your customers.

Choose between full and partial placement

Under our program, business owners get to choose between our full and partial ATM placement service. Under full placement, the machine comes pre-loaded with cash, and we take responsibility for keeping the machine stocked (“vaulted”) with cash for withdrawals. With partial placement, you load the machine with your own cash in return for a larger share of the profits. In either case, the ATM is installed and managed at no cost to you.

Is this better than owning an ATM?

We’re commonly asked whether it’s better to buy an ATM outright or to allow AtmMachines.com, LLC to place an ATM for free. The answer depends on your business itself and how much responsibility you want. Owning an ATM requires an initial outlay and keeping it stocked with your own cash, but you receive 100 percent of the surcharge, and after the machine is paid for, your profit margin increases substantially. With free ATM placement, you receive less revenue, but it’s essentially free money because you have absolutely no financial outlay.

To learn more about how you can get a free ATM at your place of business through our ATM Placement Program, call AtmMachines.com, LLC today at 1-866-295-2329.

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FAQ: How Hard is it to Break Into an ATM Machine?

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For anyone who owns an ATM machine or is considering getting one for their business, one of the biggest concerns is someone breaking into the machine. With an increase in the number of ATMs in the world, attempts by criminals to break into ATMs isn’t likely to cease, so it’s important to know how difficult it is to break into machines and what can be done to protect your ATM.

The first thing to know about ATMs is that they’re designed and built with potential break-ins taken into account. There are measures in place to hinder thieves and criminals from breaking into the machine and taking all the cash inside. Obviously, this doesn’t prevent criminals from trying, but most of the time, it does keep them from succeeding.

Newer models of ATMs come with more intricate designs that help to deter and prevent break-in attempts, making them more secure than older ATMs. The days of brute strength being used to break into ATMs are all but over. Thieves can still cause damage to the machine, but it’s far more difficult to actually gain access to the vault or cabinet where the money is held.

Certain ATMs are also more difficult to break into because they have additional security measures in place. Some machines may have silent alarms that alert authorities of a break-in attempt. It’s also possible for the money inside the ATM to be dyed the same way bank money is dyed to deter bank robbers. It’s also become common for closed-circuit security cameras to monitor ATMs in public places. Simply advertising on the machine that such security measures are in place is sometimes enough to prevent thieves from attempting to break into an ATM.

Finally, having insurance on an ATM can be a failsafe option. Obviously, this can’t prevent break-in attempts, but it will protect ATM owners if there’s somehow a successful ATM robbery. With a top-of-the-line ATM and ample security measures in place, it’s quite difficult for a thief to break-in and steal money from an ATM. However, it’s always better to be safe than sorry. To learn more about your options, call us today at 1-866-295-2329.

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FAQ: How Often Do ATM Machines Need to Be Refilled?

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Deciding who will be responsible for refilling the machine with cash is one of the most important decisions for an ATM owner. An equally important part of the process is knowing when the machine needs to be refilled to ensure that the ATM never runs out of cash.

Obviously, when it comes to the right time to refill an ATM, there’s no definitive answer that applies to every ATM in the world. After all, some machines get more use than others. Also, some machines are capable of holding more cash than other machines, so there are a number of variables at play. Fortunately, ATM owners and operators have ways to track the money left in their machines so they can refill them before they run out of cash.

For starters, all ATMs are connected to a network that allows them to ensure that a person has enough funds in their account to access the amount of money they are requesting. This makes it easy for the company that owns the ATM or the company that’s in charge of refilling the machine to track the amount of money that’s left in each ATM.

In most instances, the company in charge of stocking the machine will be able to work out a refilling schedule based on how much use a particular ATM receives. In some instances, a machine may need to be refilled daily. In other cases, a machine will only need to be refilled weekly or monthly.

Regardless of the exact needs, the cash management service will have enough information about a particular ATM to develop a schedule for how often it needs to be refilled. They will have also have a rough estimate of how much money they will need to put in the machine when they refill it. Of course, it’s common to put in roughly 10% more cash than is estimated just in case that ATM is a little busier than usual in between refills.

Most of the ATMs in use today, particularly the newer models, have systems in place to track how much money is removed. Even if an ATM is running out of money ahead of schedule, it’s easy to have it refilled before it’s completely emptied out. This is why it’s rare to find an ATM that runs out of money before it can be refilled.

To learn more about your options, call us today at 1-866-295-2329.

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Enjoy the Business Benefits of an ATM Without Buying One

Posted on by Justin Gilmore

There are many businesses that would benefit greatly by having an ATM in a prime location on their premises. However, owning an ATM comes with a set of responsibilities that many companies would prefer not to take on — which is why some owners opt against it. But what if this barrier were removed? What if you could enjoy the business benefits of an ATM without buying one?

The truth is, you can — with an ATM placement and management plan.

How third-party ATM management works

By agreeing to ATM placement with a company like AtmMachines.com, LLC, you get many of the perks of ATM ownership without any upfront costs and no responsibility. Here’s how it works:

  • You provide the space — preferably a spot in your establishment with high traffic and visibility
  • We install and maintain the machine at no cost to you
  • Your customers use the ATM, and frequently use the money to buy from you
  • You receive a portion of the service fees for every transaction
  • You receive a higher portion of the service fees if you stock the ATM with cash

Under this kind of system, you have no responsibility and no cost associated with the ATM itself; you simply reap the benefits of having one in your place of business while someone else handles the maintenance. You won’t earn as much revenue in the long run as you would by owning the machine, but you do receive revenue with no investment by sharing the profits with the ATM management company. It’s a win-win all around.

What kind of businesses benefit from ATM management versus ownership?

Nearly any brick-and-mortar business can receive some benefit from an on-premises ATM, but businesses with frequent cash transactions seem to reap the most benefit, including bars, restaurants, clubs, gas stations, etc. In particular, the best candidates for an ATM management program versus owning an ATM might be:

  • Businesses without the cash flow to keep the machine stocked
  • Businesses who don’t have the time or manpower to maintain the machine
  • Businesses who want a pain-free way to make it easier for customers to buy
  • Business who want the benefits of an ATM without the responsibility.

AtmMachines.com, LLC offers an outstanding ATM placement program that makes it easy to enjoy the business benefits of an ATM without buying one. To learn more about your options, call us today at 1-866-295-2329.

Reasons to Purchase an ATM For Your Business

Posted on by Justin Gilmore

If your business sees a decent amount of foot traffic and you are looking for ways to leverage that fact for more sales and greater profits, you might be wondering whether it would be a good idea to have an ATM machine. While some businesses prefer the convenience of having an ATM placed by a third-party company like AtmMachines.com, LLC, there are a number of advantages to owning the machine outright. Here are a few reasons why it might make sense to purchase an ATM for your business.

Attract new customers

People always need cash, and a convenient ATM will bring people into your store who otherwise might not come in. Even if these people didn’t intend to buy what you’re selling, once word gets out in the neighborhood that you have an ATM machine, you’ll be surprised at how much your foot traffic increases. Plus, customers who use your ATM are 50 percent more likely to buy products in your store, even if they didn’t come there to buy.

Lower your own processing fees

Businesses with ATMs on premises generally see more cash sales. The more people pay with cash than with credit cards, the fewer credit card and processing fees you pay. If your business takes checks for payment, the number of checks also goes down, along with the risk of bounced payments.

Keep more of the money

An ATM machine charges a surcharge for each transaction. When a third-party company owns and manages the machine, you receive a percentage of the surcharge for providing the location. However, when you own the machine outright, you receive 100 percent of the surcharge, increasing your revenue over time.

Generate a profit quickly

ATM machines are more affordable now than ever—usually between $2000 and $2500. Once this initial investment is made, you choose the amount of the surcharge for customers, which you can use to offset the purchase. An ATM in a high-traffic location can pay for itself within weeks or months, at which point you start making profits.

Almost any brick-and-mortar business with foot traffic will benefit by having an ATM on the premises, but certain businesses do exceptionally well by owning one or more machines. In our experience, gas stations, convenience stores, bars, restaurants, clubs, hotels and malls can generate large amounts of revenue with ATM ownership. To learn more about the advantages of purchasing an ATM for your business, call AtmMachines.com, LLC today at 1-866-295-2329.

FAQ: Are ATM Machines Expensive?

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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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