How to Get an ATM Installed in Your Business

If you find that your customers are constantly asking where to find the nearest ATM machine, it might be worth exploring how to get an ATM machine installed inside your business. Not only does an ATM provide a convenient service for your customers, but it can also increase the money they spend while shopping at your business while providing an added source of income through surcharge revenue.

On the surface, figuring out how to get an ATM machine might seem like a complicated idea that’s not worth the hassle. However, having an ATM installed in your business is a lot easier than you think, especially with the help of a company like National ATM Wholesale.

Is a New ATM Machine Right for My Business?

The first and most important question to ask is whether your type of business is a good candidate for ATM placement. Providing convenience for your customers is one thing, but on the other hand, business owners shouldn’t invest in something that’s only going to take up valuable floor space without providing a good return on investment.

That being said, certain types of business do quite well by providing an ATM solution, including the following:

  • Convenience stores. (This is often the first place people look for ATM machines besides banks.)
  • Gas stations.
  • Restaurants and bars.
  • Music venues/event spaces, especially those with bars or vending services.
  • Hotels/motels.
  • Other small businesses that prefer taking cash to running a credit card.

Bottom line — if your business does best with cash purchases (or is cash only) and/or gets a fair amount of foot traffic, chances are an ATM is a good idea.

Where to Place Your ATM Machine

Location is everything when it comes to ATM placement, so the next thing you need to think about is choosing a good location for your machine in your place of business. Some factors to consider:

  • Choose a spot that’s easy for customers to find and access. (Having an ATM won’t do you any good if people can’t find it.)
  • Choose a place in a high-traffic area of the store. Foot traffic is a key ingredient in making your ATM profitable.
  • Choose a location that is visible, well-lit and secure. You want customers to feel safe using your machine to access their bank account and taking out cash.
  • Make sure your location has access to electricity and a phone line.

To Own or Not to Own?

Once you have a location for your ATM in mind, your next question is whether to buy your own ATM or work with an ATM company. It will cost more upfront to buy an ATM machine outright, not to mention the need to stock the machine with cash and take care of maintenance. The tradeoff is that ATM owners get to keep all profit from the ATM surcharges minus any processing fees. The machine soon pays for itself, and before long, the business owner enjoys a significant additional stream of passive income.

That said, if you don’t have the money or time to maintain your own ATM, but you still want the benefits of having one in your business, an excellent alternative is to form a partnership with an ATM provider like National ATM Wholesale. Under our placement program, National ATM owns the machine, installs it, maintains it, handles cash management, and takes care of everything else the machine needs to run. This turnkey solution requires no investment upfront and little work on your end. You won’t make as much money from transaction fees, but you’ll experience all the other benefits of having an ATM installation. (Studies show that customers spend more money at a business if they’re able to use an ATM there to make a cash withdrawal.)

Starting an ATM Business

One other option to consider: Some business owners and entrepreneurs find their ATM machines so profitable and easy to maintain that they prefer to launch their own ATM business. Many people have generated passive incomes of six figures or more by placing ATMs in strategic locations with high foot traffic. The investment is not as much as you would think, and the payoffs can be tremendous with the right business strategy. Reach out to us to learn more about this exciting option.

Working with an ATM Partner

Whether you choose to buy an ATM or work with a placement program, it pays to have a reputable ATM provider like AtmMachines.com, LLC to partner with. Even if you purchase your machine outright, we have solutions to help you with purchase, installation, maintenance and even vault management.

AtmMachines.com, LLC is a dealer for respected brands like Triton, Hyosung and Genmega, and we can also help you assess your options so that you choose the right ATM with the features you need. ATM companies like AtmMachines.com, LLC can also take care of installation and assist with maintenance and vault management. We’ll make sure you have the support you need to make your ATM profitable, whether or not you buy it outright.

Perhaps the best part of installing an ATM at your business is that you have options. Whether you own a convenience store, gift shop or bar; whether you want to own and manage your own ATM, or whether you want us to take care of those details for you, there’s a path to ATM profitability that is tailor made for you and your business. Let us work with you to find the right solution. To learn more about how to get an ATM machine in your place of business, including ATM ownership, free ATM placement and other details, call us today at 1-866-295-2329.

3 Reasons To Choose a Triton ATM Machine

Adding an ATM machine to help your customers and add an extra source of revenue can be a wise decision for any business. However, picking out an ATM for your store is no easy task. There are several quality ATM manufacturers that offer great products. One brand that has made its mark in the ATM industry is Triton, which has been in business for over 20 years and has sold ATMs in over two dozen countries. Triton systems are known for features like state-of-the-art dispenser solutions, touchscreen, keypad and/or EMV capabilities, and more. Many models can also easily accommodate toppers to make them easier for your customers to find. Here are a few reasons why Triton may be the right ATM manufacturer for you.

1. Triton ATMs are Cost-Efficient

Compared to other ATM companies, Triton makes a serious effort to make sure its machines are affordable to businesses of all sizes. In fact, a Triton machine is typically 30-40 percent cheaper than machines with comparable features from its competitors. For this reason, Triton ATMs are an excellent, low-cost option for small businesses with a limited amount invest in an ATM–or who simply need to provide service to a low-volume location.

2. Triton ATMs Offer Quick Processing

In addition to cost, Triton also excels when it comes to speed and security. Using Triton Dynamic Language (TDL), a Triton ATM machine can connect with hosts at a faster rate than other ATMs, leading to quicker transactions, shorter lines at the ATM, and happier customers. TDL utilizes smart controls and other high-tech software functionality that allows for faster processing. When it comes to ATMs, speed always matters, and Triton definitely recognizes that fact.

3. Enjoy Simple Servicing and Upgrades, Including EMV

On the surface, many of Triton’s ATMs may look small and simple, but there is a benefit to this. The modular design of Triton ATMs makes them easy to upgrade so that when technology improves (such as the introduction of EMV card capabilities), it’s easy to keep up to date without having to buy a new machine. Triton ATMs are also easy to service, as the company pledges the lowest downtime of any ATM. If a problem arises, a Triton technician is just a phone call away.

Triton ATM Machines We Sell

Triton offers numerous models of ATM machines, one of which is likely to be perfectly suited to your needs whether you’re installing a single ATM or launching a business involving multiple units. AtmMachines.com, LLC is proud to offer three of Triton’s most popular models:

Triton Traverse™

Specifically designed for the needs of retail spaces, the low-cost Triton Traverse is highly popular for its sleek, compact footprint while offering high performance and security compliance. It comes with an 8-inch LCD color screen and an integrated topper for easy branding and customized messaging. It also includes added PIN protection and optional Triton Key Management (TKM) for added security.

Triton ARGO

Widely hailed for its next-generation design, the Triton ARGO line offers a wide array of security and convenience features, as well as larger screens and eco-friendly printer-less capabilities. It comes in multiple models, including Argo 7, Argo 7 Eco, Argo 12.0 and Argo 15.0, each with different dimensions and unique features. The ARGO line offers features such as EMV capability, lighted keypad, six different dispenser options, integrated topper, surveillance camera provision, skimmer protection and much more. Its versatility and options make the ARGO the best all-around ATM of choice for businesses looking for a high quality, secure machine at affordable prices.

Triton FT5000

The Triton FT5000 is designed primarily for financial institutions, but its through-the-wall design can also serve other types of businesses, especially those who wish customers to have 24-hour or outdoor access. The FT5000 offers multiple dispenser options and easy-to-spot LED backlit signage, and it’s an excellent machine for use in both drive-up and walk-up settings.

Triton ATMs provide an ideal, cost-effective solution whether you’re purchasing a single machine for your business or starting up your own ATM business. Visit our Triton product page to read more about the available ATM models, or give us a call at 1-866-295-2329 to learn more.

How to Put Together an Effective ATM Placement Strategy

Having an ATM at your business or event is a lot like real estate in that the three most important things are location, location, and location. Yes, you need a quality machine that looks nice and has the features that you need. However, if you don’t have that ATM in the right location, it may not matter that much. In order to maximize the benefits of having an ATM, or multiple ATMs, you need to put them in the right place. Here are a few things to keep in mind for putting together an effective ATM placement strategy.

Foot Traffic

So many businesses make the mistake of tucking their ATM away in a corner as if it’s an eyesore that they want to hide. This can be a huge mistake because if people can’t find the ATM, they can’t use, and if they can’t use it, you won’t see the benefits of having one. It’s important to have signs directing people toward the ATM, but it’s even more vital to keep the ATM in a place that experiences a lot of foot traffic. The trick is making sure the machine doesn’t block traffic within your business.

Depending on the size of your store or business, it often times makes sense to put an ATM in the lobby or near the doorway. This isn’t always ideal for smaller stores because it can block the entrance to your business. However, if there’s enough space for the machine and perhaps a small line of customers behind it, this can be a great way to maximize the foot traffic near your ATM. With larger facilities that have multiple ATMs, one should almost always be near the entrance.

Safe Spot

Much like with real estate, safety is a factor that you shouldn’t overlook with ATM placement. After all, if people don’t feel safe while standing at your ATM, they’re not going to use it. With this in mind, you need to make sure your ATM is in a wide open space that’s well lit. Again, don’t tuck it away in a dark corner because people won’t feel safe withdrawing money there. The user needs to be able to see everything around him or her in all directions in order to feel safe. If you put your ATM in a place near a security camera or some kind of visible security system, it’ll help your customers feel safe and at ease while using your ATM, which is what you want to be the case.

Outdoors Is An Option

For certain businesses, having an outdoor ATM is something to consider. Instead of your ATM only being available to people during normal business hours, it’s now available 24/7, which can help increase the revenue you can from your ATM. The caveat is that it makes security all the more important. An outdoor ATM needs to be in an area that’s well lit, even at night, and far from corners or anywhere a potential thief could hide. Also, having a camera and security system would be a prerequisite for having an outdoor ATM.

Trial & Error

Perhaps the most important thing to remember when it comes to an ATM placement strategy is that it’s a process of trial and error. Most businesses will have several viable options for placing an ATM, and it’s usually in their best interest to give each location a try to find out what spot yields the best results. Think of it as a type of market research; you have to try out a few options before deciding what strategy is best.

Where Should I Put My New ATM?

Having an ATM in your business or retail store can be a great way to build customer loyalty and add an extra source of revenue. However, simply having an ATM is only have the battle. It’s imperative that you put the ATM in the right location in order to maximize the use it gets. Here are a few things to keep in mind when it comes to finding a home for your new ATM.

Somewhere Visible

For your customers, finding your ATM should not feel like walking through a maze. Your ATM should be someplace out in the open so it’s easy to find. It’ll help if your ATM also includes a large sign above it to increase its visibility, as well other signs directing customers to the ATM. However, above all else, your ATM should be someplace visible.

Somewhere with Foot Traffic

The best way to ensure people use your ATM is to put it somewhere with ample amounts of foot traffic. Many businesses choose to put their ATMs near their front door so that people pass by it on the way into the store. This placement strategy tends to work as long as the doorway isn’t blocked by people lining up to use the ATM. As long as there’s foot traffic near your ATM, you should be able to maximize the number of people using it.

Somewhere Safe

Safety is of the utmost importance when it comes to ATMs, as people will likely use it to withdraw large sums of money. With safety in mind, make sure there are no nearby corners or blind spots for people while they’re using the machine. It will also give users peace of mind if there is a surveillance camera or other visible security measures nearby to help them feel safe while using your ATM.

Be Flexible

When it comes to ATM placement, it always helps to be flexible. There are probably multiple locations within your business that could serve as a viable home for your ATM. When you first get your ATM, don’t be afraid to experiment with a few different locations to see what one will work best. In a way, trial and error is the best way to find the right spot for your ATM.

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How Much Money Can I Expect To Make With An ATM?

Before taking the leap in buying an ATM, it’s only natural for business owners to know how much they can expect to make. Obviously, there’s no way to guarantee that you’ll meet a certain revenue threshold with an ATM. However, there are ways to predict how much use an ATM will receive in order to create a rough estimate for how much revenue the machine will create.

It’s typically agreed that 3 to 5 percent of the people who walk by an ATM will use it. Therefore, the total number of people who use it will depend on the location of the machine and how much foot traffic there is in that area. If thousands of people walk past the ATM on a daily basis, it could be used for dozens or possibly hundreds of transactions every day. If you have a spot picked out for your ATM, try to estimate how many people walk by that spot every day and you’ll have a rough estimate for how much use an ATM in that location will get.

The next step is to multiply the number of expected users by the fee you plan to charge for using the machine. If you own the ATM, you’re free to charge however much you want. Of course, keep in mind that charging too much could deter people from using it. Meanwhile, charging too little will make it difficult to generate much revenue unless the machine is in a high-volume area.

Most ATM owners find a good balance charging between $2 and $3 per transaction. Like any other type of pricing, an ATM surcharge can come down to supply and demand. Unless there are no other ATMs within walking distance, a $2 to $2 fee is typically a fair surcharge that allows you to earn a substantial amount of revenue from your machine. You probably won’t make the same amount from your ATM every month. However, by multiplying your foot traffic by your surcharge, you should have a good estimate for how much you can expect to make with an ATM.

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How Do ATM Machines Work?

It’s a little ironic if you think about it. Most of us know how to use an ATM but few of us have any idea how it actually works. We merely trust that when we need to, we can get money from them. Let’s take a closer look at what happens inside an ATM to see if we can make a little sense of how they actually work.

As you know, it all starts when you swipe or insert your ATM card into the machine. This prompts the user to enter their pin number. Assuming the correct pin is inserted, the machine confirms the ID of the user and transmits information from the ATM card to the host server, which is what allows a transaction to take place.

After the user’s ID is confirmed and they use the display screen to request a transaction, the machine contacts the host server with the transaction request. The host server acts as an intermediary for contacting whatever bank issued the ATM card. This process use to be done via phone but can now be done using the Internet, which helps make everything go a little faster.

The host server is responsible for contacting the bank to get permission to transfer the funds. Once they get permission from the bank, the server sends the ATM approval codes, allowing the machine to dispense the money requested by the user. The ATM can also share the balance of the account being accessed by the user, as well as issue a receipt if requested.

Inside the machine, there are sensors that count each bill in order to distribute the correct amount of money to the user. The sensors count bills based on their size, so if any of them are folded, wrinkled, or stuck together, they can be moved to a rejected bin. This helps to explain why the money you get from ATMs are often crisp and new. There is also a device inside the ATM that tracks every transaction so there is a record of how much money has left the machine and how much remains inside.

The final step is for the host processor to use an automated clearing house (ACH) to transfer funds from the account of the person using the ATM to the person who owns the ATM. This ensures that the person or business that filled the ATM is reimbursed for the money that has been withdrawn from the machine. However, this transaction isn’t typically completed until the next business day.

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The Best ATMs For Retail Businesses

There are countless benefits of having an ATM, if not multiple ATMs, at your retail store. Really, the only question is what model ATM is the best fit for your business. Among the many options, here are five ATMs that are among the best model for any retail business.

GenMega G2500

This is a rather standard machine with retail locations in mind. For starters, the LED sign helps make it more visible so that customers can find it easily. This model features a number of important features considering how affordable it is. The G2500 is also easy to customize to help fit the needs of a particular business. Perhaps most importantly, this model has the reputation of being reliable and long-lasting with parts that will be easy to replace, making it a great option for small businesses without a lot of spare cash to spend on an ATM.

GenMega Onyx

The Onyx is just the next step up from the G2500. It has the same kinds of features and reliability as the G2500 except with a 12-inch screen instead of an 8-inch screen, not to mention a sleeker design with a visible but less gaudy LED sign. Retail locations that are a little more upscale tend to top for the Onyx rather than the G2500 because it has a more appealing appearance rather than simply being practical.

Nautilus Hyosung NH-2700

This Hyosung model is a good option for business owners who know their ATM is going to get a lot of use. It’ll stay durable over the long-term, rarely needing maintenance or parts that need replacing. There are also plenty of fancy features on the 2700 model, including weather updates, streaming news. This model also utilizes a low-energy LCD display, which means it can help you lower your energy costs, which can be another nice benefit.

Hyosung Nautilus HALO-S

The HALO model is a little simple and basic, but that makes it a good choice for retail stores that need a user-friendly ATM. This machine also has parts that are designed to last long-term without much maintenance or upkeep, so store owners won’t need to put too much work into it. Instead, they can just sit back and reap the rewards of an ATM in their store.

Triton Traverse

Triton built this ATM specifically for retail use, as it has a sleek look and is designed to protect the PIN of users. It includes all the basic ATM features and the necessary security requirements. The Traverse has minimal operating costs, making it another good option for small businesses that need an ATM but don’t have much to spend.

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What Are The Best ATMs For A Small Business?

For small businesses with tight budgets and small margins, one of the best ways to add an extra source of revenue is installing an ATM at or near your place of business. However, it’s important for those small businesses to find an ATM model that fits their specific needs. Here are a few ATMs that have been designed with small businesses in mind.

Hyosung Monimax 5000

This is a user-friendly ATM with a small footprint, making it a great fit for small businesses without a lot of space for an ATM, especially retail stores. This model can be easily fitted with a sign topper to help customers find the machine, as well as a privacy filter to help boost security and use peace of mind. The Monimax 5000, like most Hyosung models, is built with open architecture, making it easy to update and modify it to fit the specific needs of a small business.

Genmega GT3000

This model is a through-the-wall ATM, but one that should work for small businesses with a kiosk or a little extra wall space. Not only is it compact but it’s also cost-efficient so even a business with limited space and a limited budget should be able to find a way to install the GT3000. This ATM is also weather resistant, giving businesses the option of placing it outdoors while loading money and taking care of maintenance through the rear service panel.

Hyosung NH-2700

The NH-2700 is a little bigger than the first two models listed, but it’s built with retail locations and small businesses in mind. Like other Hyosung ATMs, this model is user-friendly and has an open architecture to make modifications easier. This machine is also designed to run for a long time without requiring much maintenance, which is great for small business owners without a lot of free time. The NH-2700 also comes weatherized, so outdoor placement is an option.

Genmega G2500

This is a free-standing ATM but one that’s compact enough to fit into a small space. There aren’t a lot of fancy bells and whistles, but it can be customized to fit the needs of a particular business. It was designed with retail locations in mind, making it ideal for small retail stores looking for a simple but flexible ATM.

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How Easy Is It To Set Up An ATM Machine?

From increasing customer loyalty to earning passive income to encouraging customers to spend more at your business, there are a number of benefits of having an ATM. Unfortunately, some business owners are sometimes put off by the logistics of setting up an ATM in their store. However, the process is actually quite easy and shouldn’t stand in the way of any business adding an ATM and depriving itself of the revenue and benefits it can provide.

Of course, the first step is determining whether you’re in a good location for an ATM. If your business does a lot of cash sales and is a place that receives a significant amount of foot traffic, there’s a good chance you’ll benefit from having an ATM onsite. Remember that ATMs require some level of investment, so you need to make sure that your machine will receive enough use to make it worthwhile.

If you decide that having an ATM is something you want to pursue, the only real step you have to take is contacting an ATM provide like National ATM Wholesale. Most ATM providers can give you all the information you need to make a decision, but AtmMachines.com, LLC will a free consultation to access your needs and advise you on your options.

With ATMs, most businesses will have the option of either buying a machine outright or merely having a provider like AtmMachines.com, LLC place an ATM to your business. Either way, AtmMachines.com, LLC offers turnkey solutions.

If you choose placement, AtmMachines.com, LLC will simply drop off an ATM at the location of your choosing at no charge to you. Your business then shares in the profits from the ATM, as well as all of the other benefits of having an ATM onsite. If you want to buy an ATM, AtmMachines.com, LLC will offer you a brand new machine while also taking care of installation, warranty, and online transaction processing. You then get all the revenue from the ATM, so once the cost of the machine is paid off, it’s all profit.

As you can see, with a proven ATM provider like AtmMachines.com, LLC, getting your business set up with an ATM machine is rather easy. All you have to do is pick a location for the ATM, choose between purchasing and placement, and let National ATM Wholesale’s turnkey operations take care of the rest.

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How Do I Get Customers To Use My ATM?

Having an ATM in your store can be a great way to earn a little extra income while also helping your customers at the same time. Of course, you may not reap the full benefits of your ATM if your customers aren’t using it. If this is a problem, rest assured that it’s one that can be fixed. Here are a few ways that you can get your customers using your ATM more frequently.

Make It More Visible

A huge part of ATM use is its location. If your ATM isn’t visible and easy to find, customers aren’t going to be able to find it and they’re definitely not going on a wild goose chase to find it. Put your ATM in a location that gets a lot of foot traffic. It also doesn’t hurt to place signs in your store directing people to the ATM.

Lots of Open Space

When you’re deciding on a location for your ATM, make sure it’s somewhere that has a lot of open space. The last thing you want to do is tuck it in a dark corner. Your ATM needs to be in a well-lit area with a lot of open space so that it feels secure and inviting to potential users.

Make Sure It Works

This should be obvious but it’s important enough to mention. If your machine breaks down or runs out of cash, it becomes useless to your customers, something you can’t allow to happen. Customers will remember if they visited an ATM that wasn’t in service and will then start assuming that it won’t be in service next time they need an ATM. This makes it critical that your ATM is always working and available.

Evaluate Surcharge Rate

Obviously, your surcharge rate helps to pay for the operating costs of your ATM in addition to helping you generate extra income. However, you have to keep in mind that your ATM isn’t the only one available for potential customers. If your rates are a little too high, they’ll pass and look for one that’s a little cheaper. Remember to keep your rates fair and affordable.

Update Technology

If your ATM is a little old and not up-to-date on its features, it may be the reason why customers aren’t using it. People love using new technology and machines that have all the latest bells and whistles. If the use of your ATM isn’t what it should be, consider updating to a new model that offers your customers more features and options.