Information About Purchasing ATM Machines
According to ATMmachine.com, 70 percent of Americans use a debit card, a credit card or Visa check card. For a small business owner, purchasing an ATM can provide an additional source of revenue.
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Costs
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Depending on the make, model and retailer, an ATM will cost $2,000 to $7,000. Delivery can be free or cost up to $300. This cost depends mostly on the size and weight of the ATM.
Benefits
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ATMs can provide income for a merchant through fees from the bank for the connection to the cardholder and transaction surcharges to the cardholder, which are set by the merchant.
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Ancillary Benefits
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Having an ATM in your business may reduce the use of credit cards by your customers thereby reducing the cost of merchant transaction fees.
Considerations
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When trying to determine the right type of ATM for your business, you want to make sure you have a sufficient amount of space for the unit you are considering.
Features
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Some ATM companies will provide an "add cash" service for a fee. And most ATM machines are sold with a one-year warranty.
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