How to Purchase an ATM for Your Location
When deciding to Purchase an ATM for Your Location it’s important to choose locations where you can get a good ROI. ATMs make money from surcharge fees and by encouraging customers to pay cash which helps reduce credit card processing fees. It’s also a great idea to look for newer machines as they tend to see more transactions than older models.
Purchase an ATM for Your Location
Convenience stores, gas stations, restaurants and other similar establishments can be good options as they’ll likely have a lot of foot traffic. They also typically understand the value of an ATM and are happy to provide space for you to install one, in exchange for a percentage of the surcharge revenue.
Other locations to consider include concert halls, bars and night clubs which have cover charges. These places have a captive audience which makes it easy to promote your ATM services and encourage customers to pay in cash.
When speaking with potential location owners make sure you fully explain your business model and how the ATM will benefit their store. It’s important to build a partnership with these locations and cultivate a win-win relationship. This will help you gain their permission and avoid any misunderstandings in the future.
Once you have a good partner you can work on the details of a contract. This will usually include a term or length of the contract, statement of ownership of the machine and payment schedule whether a set amount or a percentage of the surcharge fee. The contract should be signed by both parties and kept in a safe place.…