Category: FAQ

Explore More ATM FAQs

For most business owners, having an ATM machine is a great way to earn extra income. Most machines take up little space and ultimately pay for themselves. The best part is that modern ATMs rarely have major malfunctions that prevent them from working for long periods of time. Of course, like anything else, problems will occasionally pop up, so it’s important to know how to get help for different types of ATM servicing.

Installation

Obviously, installation is the first service you’ll need after purchasing an ATM. Luckily, if you buy your ATM from a reputable company, like AtmMachines.com, LLC, they will have their own certified technician handle the installation process at a reasonable fee. On top of that, the technician will usually install signs directing customers to your new ATM. They will also train you and employees on how to use the machine, telling you everything you need to know about taking care of an ATM.

Supplies

Aside from the machine itself, ATMs require a few added supplies to ensure they run properly. There is equipment to make the ATM wireless so that it can connect to a banking network and make transactions. There is also receipt paper inside the machine, as well as decals on the machine providing information for customers. If you buy your ATM from an established company within the industry, they can usually sell you any supplies you need at a fair cost and sell or lease all the necessary equipment to keep your ATM running properly.

Repair

Modern ATMs rarely require serious repairs, but it does happen on occasion. In such instances, your first call should always be to the company that sold you the machine. Regardless of whether the machine has any kind of warranty, most ATM companies will employ technicians that can fix the problem. They also supply any parts that may need to be replaced. Also, because ATM malfunctions are so rare, it’s usually a safe assumption that the technician can attend to the problem in a short period of time, helping to limit the time you’re without use of your ATM.

Technical Support

Most companies that sell ATMs also provide technical support, which is usually available 24 hours a day. Many of the issues that pop up with ATMs are minor and can be fixed by the owner with a little help and guidance from a tech person. Even over the phone, tech people can usually diagnose the problem and either give instructions on correcting the problem or notify a technician who can come by and fix the machine as soon as possible.

The Place To Go

One of the best places to go for ATM purchasing and servicing is National ATM Wholesale. Our company not only has plenty of ATM models to choose from, but we offer 24/7 servicing and have competitive prices when it comes to installation, supplies, and repairs.

Explore More ATM FAQs

Explore More ATM FAQs

As some business owners have recognized, owning an ATM can be a great way to drive new customers to your business, give your customers a nice perk, and bring in more direct revenue. Owning an outdoor ATM offers even more possibilities. Not surprisingly, it’ll be a little more expensive to buy an outdoor ATM, but there are several benefits that can pay off in the long run.

More Placement Options

Owning an outdoor ATM creates a lot more possibilities in terms of placement. You can find a location where the ATM can get the most use and best serve the people who need it. Of course, finding the right location will require a little more work, as you’ll want a spot that’s out in the open and well lit at night. Fortunately, most reputable ATM companies can assist you in finding the right place for your outdoor ATM.

Increased Foot Traffic

One of the biggest benefits of having your ATM placed outdoors rather than inside your business is the increased foot traffic. People no longer need to step inside your business to get to your ATM. While that may take away some of the impulse buys that can benefit your business, having your ATM outside gives more people the opportunity to use the machine. This can dramatically increase the number of people using your ATM, meaning you will earn more from the service fees.

All-Hours Operation

With an indoor ATM, access to the machine ends when your business closes for the day, but that’s not the case with an outdoor ATM, which is available to people 24 hours a day, 7 days a week. While after hours use of your ATM isn’t likely to be as frequent as day use, it’s more than you’ll get when your business is closed. However, as long as your ATM is in a well lit and safe location, it’ll get some use late at night and early in the morning, helping you make a little more from your ATM each day.

Convenience for Customers

ATMs aren’t all about the money you can bring in — they are also about finding a convenient location for your customers to use it. Bottomline, having an ATM can help build customer loyalty.

To learn more about buying or leasing an outdoor ATM, contact AtmMachines.com, LLC today!

Explore More ATM FAQs

Explore More ATM FAQs

For any business that’s seeking a little extra income, an ATM can be a great investment. After paying upfront for the cost of the machine, an ATM can provide a steady stream of passive income, ultimately paying for itself and then some. Having an ATM in your business can also be a great perk for your customers. Of course, one thing to ask yourself is, “How much does it cost to buy an ATM?” Different machines have different features, and therefore, different costs. Here’s what you need to know about the cost of owning different types of ATMs.

Freestanding ATM

This is the most common type of ATM, as any business can have one as long as they have a few feet of space to spare. Restaurants, pharmacies, convenience stores, and gas stations usually have one, but any type of business can benefit from a freestanding ATM. Generally, a freestanding ATM will cost $2,000 to $3,000, depending on the specific model. For most companies, this is a reasonable cost, especially since it’s just a one-time investment.

Built-In ATM

A built-in ATM will be a little more expensive, as it has to be installed as part of an existing wall. This creates installation and construction costs that don’t exist with a freestanding ATM. The cost can easily rise to $5,000 or more. However, it’s potentially worth the higher price because it becomes a permanent fixture and not something that can be picked up and moved. If your business has an outside wall and is in an area of heavy foot traffic, especially after business hours, a built-in ATM can be a wise investment.

Used ATM

Purchasing a used ATM from eBay, Craigslist, or from another business can reduce the cost of buying one to less than $1,000, possibly less than $500 if you’re lucky. Of course, with a used ATM you run the risk of the machine breaking down and forcing you to pay for the repairs, especially if the previous owner didn’t keep up with routine maintenance. That being said, buying a used ATM can be a good way to start turning a profit faster than if you were to pay for a new one.

Additional Costs

One thing to keep in mind with ATMs is there may be additional costs. Aside from upkeep and occasional repairs, there are usually fees to load additional cash into the machine and replace the receipt paper. Business owners also have to consider the need for a dedicated phone line so that the ATM can connect with a processing network. However, if a business has a high-speed Internet connection, it’s possible to bypass this cost. Nevertheless, additional costs will occasionally pop up with an ATM.

Get A Quote

At AtmMachines.com, LLC, we provide free consultations for any business owner who is considering buying an ATM. How much does it cost to buy an ATM? Our quotes cover information and prices regarding a wide variety of ATM models, helping you pick the one that will be the perfect fit for your business.

Explore More ATM FAQs

Explore More ATM FAQs

One of the best ways to add another source of income to your business is with an ATM. As long as you have space for the machine, almost any business can put an ATM in a place that’s convenient for its customers and useful in producing income for your business. For most businesses, the only question is whether it’s better to buy or lease an ATM. Let’s take a look at the pros and cons of each.

Pros of Buying an ATM

When you buy an ATM, it becomes a one-time expenditure for your business that’s no different from investing in any other piece of equipment your business may need to operate. Once you put the money down to buy the ATM, you will begin recouping the money you spent on the machine. At some point, the machine will have brought in more money than you paid to buy it. At this point, you have turned a profit on the ATM and will continue to do so for as long as you have it. Perhaps equally important, as the owner of the machine, you’ll have final say on its location and the fees you’ll charge customers to use it.

Cons of Buying an ATM

Buying an ATM outright does require a few thousand dollars, and not all businesses have that much money in the budget. Also, as owner of the ATM, you’ll be on the hook for any repair costs that may come up. Like any other machine, it’s best to perform routine maintenance on an ATM to make sure it runs properly, and so you will have to budget money for maintenance and repairs. After all, if the ATM stops working, it’s not bringing in any money for your business.

Pros of Leasing an ATM

Leasing an ATM requires little money up front compared to the cost of buying one outright. If your business is in a position in which you need short-term returns, leasing an ATM could be a wise move, as the upfront investment is usually minimal. Leasing is also a good idea if you want to add ATMs at several different locations, as buying multiple ATMs at one time will come with a massive price tag. You may also want to consider leasing if you’re not sure if an ATM is the right move for your business. Leasing usually doesn’t require a long-term commitment, so you can try out an ATM for a few months and see if it’s a good fit.

Cons of Leasing an ATM

As is the case with leasing a car or home, there will be give and take with the party leasing you the ATM. You may not have control over how much you charge for each transaction or even where the machine will be placed. Also, leasing is likely to cost more in the long run than paying upfront to purchase an ATM. With a lease, you’ll always be checking to make sure the machine brought in more revenue than the cost to lease it. Obviously, this is not something you’ll have to do if you own the machine.

Ultimately, the decision to buy or lease an ATM comes down to the individual business. But if you have the capital to buy a machine outright, that’s usually going to be your best option. Also, if you plan on having the ATM for a long time, purchasing one is going to be better than leasing one. If you do make the decision to buy an ATM, let AtmMachines.com, LLC help you with that purchase, as they have two decades of experience selling ATMs to businesses nationwide.

Explore More ATM FAQs

Explore More ATM FAQs

or businesses big or small, one passive way to add extra income is by installing an ATM machine on the premises. If your business gets a lot of foot traffic or if you operate cash-only services, having an ATM in or around your business is a great idea. In fact, you may be doing yourself a disservice by not having one. Here are some of the top reasons why you should buy an ATM for your business.

1. It’s a One-Time Investment

For the most part, buying an ATM is a one-time expenditure for your business. Of course, there may be upkeep and maintenance costs down the line, but it’ll be no different from any other piece of equipment your business needs. With an ATM, you make an investment up front, but once you buy the machine, you will start to see a return on your investment almost immediately. Over time, the ATM will pay for itself, and after that happens, all of the money brought in by the machine is profit.

2. It’s a Steady Stream of Income

If you own an ATM machine, you can choose how much you will charge to use it. This is usually in the area of $2 and is based on a number of factors, but that money is pure profit. The more withdrawals are made from your ATM machine, the more money you’ll make. Even if the machine is only used a handful of times every day, that’s still a few extra bucks in your pocket. Over time, that money will start to add up and give you a steady stream of income outside of the income your business typically generates.

3. Customers Love the Convenience

Having an ATM at your business can make life easier for your customers. For many, going to the ATM is an errand, and if patronizing your business is already on their to-do list, having an ATM available allows them take care of two things at once. This helps to put your business in their good graces and enhances customer loyalty. It may sound small, but any perk you can give your customers helps.

4. It Attracts Extra Customers

Having an ATM can be a great way to lure customers into your business. If a person needs to access money from an ATM, perhaps they’ll wander into your store for the first time to use the machine, and while they are there, they see what you have to offer. This can help you convert customers you didn’t previously have. After using the ATM in your business, customers are more likely to buy and make purchases in your establishment. Studies indicate that retail locations with an ATM can increase their business by up to 25 percent per year.

Contact National ATM Wholesale to learn about our ATM programs and 19 different machine models.

Explore More ATM FAQs

Explore More ATM FAQs

Buying an ATM for your business can be a great way to add an extra source of income. Having an ATM in your business can be a good way to attract new customers, build loyalty with your existing customers, and make an investment that will pay off financially in the long run. Of course, buying an ATM isn’t exactly a common activity, and so it’s tough to know where to get one and what to look for. Here are a few things to keep in mind.

Stick To Reputable Companies

There are several places to buy an ATM, but usually it’s better to buy from a reputable ATM provider, even if you end up paying a little more. These companies can provide you with all of the information you’ll need before you purchase an ATM to help ensure you get the one that best fits your needs. There may be ways to buy from a third-party vendor on eBay or Craigslist, or perhaps buy an old ATM from another business that wants to sell theirs. However, if you’re a first-time buyer, go through a company that specializes in ATMs.

Newer Is Better

Believe it or not, there are always new advancements being made with ATM technology, and so you want to keep up with the times and buy one of the newest machines to come out. On top of that, you don’t want to settle for a used ATM from Craigslist or a company that wants to get rid of their old machine. Older machines are more likely to have problems that require repairs, ultimately costing you more than if you were to just buy a new one.

Style

Not all ATMs are the same, and so you have to be aware of the differences so you can choose the one that best fits your business. There are online ATMs that are always connected to a bank’s database, as opposed to offline ATMs that are not connected, which means they have a withdrawal limit. There are also various labels for ATMs that distinguish them others by color, including white, green, orange, brown, pink, and yellow, so you’ll need to learn the difference between each one before making a purchase.

Software and Security

Software and security are both important things to consider when buying an ATM. Some only have software for basic transactions, while others may be capable of performing more functions if they have more complex software installed. You also have to think seriously about what security features you’ll need. Companies that sell ATMs can go through all of the possible security features available, with security cameras around the machine being one of the most common options.

Where To Go

For help choosing the right ATM, consider National ATM Wholesale. Boasting two decades of experience, we have a wide variety of machines to choose from and the expertise to help you pick out the right ATM. Call us at 1-866-295-2329 today for a free consultation.

Explore More ATM FAQs