Having an ATM machine in your business can increase foot traffic and sales. And if your business is based in a location that is far from a bank or ATM, you should consider purchasing your own ATM machine to offer customers superior convenience while increasing revenues.
Once you have decided to invest in an ATM, here are a few things you need to consider:
1. Look for a reliable ATM company
When searching for a company selling ATMs, it is important to ensure that you get in touch with only the most reliable names in the market. In order to begin your ATM hunt, talk to your friends or other businesses in your network if they know a reputable ATM company. You can also search online and read reviews about different ATM providers.
2. Discuss your needs
Once you have shortlisted a handful of companies, it’s a good idea to get your questions answered. Contact the ATM provider and learn all about their service. Due to the availability of different types of ATMs, it is important to know which one you want for your business. During this step, you must look for machines that fit your budget and your space. You may also ask whether you should install a phone line for the ATM or use your existing line.
Furthermore, there are multiple accessories or add-ons for ATMs that you can choose based on your needs. These accessories include an ATM light, a wrap promoting your brand, an electronic lock, and much more. Make sure you discuss all these things in your meeting with the ATM provider.
3. Decide a Fee
You must also decide how much in transaction fees you are going to charge from your customers making use of the ATM. These fees will make up the bulk of your income from your ATM, so choose wisely based on the ATM’s location and transaction use.
Once you’ve made your decisions and have installed an ATM in your place of business, you are sure start seeing the benefits of your efforts right away.