1. What are the main reasons I could benefit from owning or leasing my own ATM?
Here are some of the benefits of having an ATM in your business or location.
Allows your customers access to their available cash from their debit, bank and credit cards.
Keeps your customers in-house so they dont leave your location to get cash from a different ATM nearby.
Increases retail sales by up to 50% of the amount withdrawn from your ATM.
Reduces or eliminates the need to accept checks.
Reduces credit card usage and credit card fees and expenses.
Generates store traffic from walk by traffic.
Increases your customer satisfaction and loyalty.
Best of all; receive surcharge revenue for every transaction.
4. When, and how much can I be paid with my own ATM?
Once the new ATM has been in service for one month, you will receive a detailed monthly report that details the total number of transactions, total cash dispensed and total surcharge revenue earned for the month. You will make 100% of the surcharge revenue generated by your ATM (automated teller machine). ATM Experts will mail out monthly residual checks along with your detailed statement summary on the 20th of each month.
5. How do I load my ATM?
Once your ATM is installed you will be trained on the procedure of loading cash into your new ATM machine. Your money will be re-deposited back into the bank account of your choice on a daily basis as customers withdraw cash from your ATM. During the regular work week, your cash will be re-deposited back into your account within 24-48 hours from the time it was withdrawn from the ATM. All weekend transactions which include Friday, Saturday and Sunday, will be deposited the following Tuesday.
6. How much revenue can I expect to generate from an ATM placement?
That generally depends on the amount of foot traffic your location has on a daily basis. The rule of thumb goes like this. 3% - 5% of the foot traffic that actually sees the ATM machine will use the ATM. So lets figure that you have a total of 300 people a day coming through your doors, and lets say that you are charging a $2.00 surcharge per valid withdrawal. If you take the middle road that 4% of the people that see the ATM machine will use it. Then you can count on your new automated teller machine to generate you a minimum of 360 transactions per month at $2.00 per valid withdrawal. That comes out to $720.00 per month or a total of $8,640.00 per year. All that from one ATM machine at one location.
7. How secure are ATM Machines from robbery?
ATM machines are broken down into two different types of ATM classifications.
* Level 1 armored ATM: Level 1 ATMs are used primarily as outdoor ATMs. Such as outdoor entertainment districts, outdoor flea markets, outdoor concert and events, etc.
* Non-armored ATM's: Non-armored ATMs are used primarily for indoor locations that are closed to the public when employees are not present. Such as indoor malls, movie theaters, night clubs, restaurants, bars, etc. Good examples of non armored ATMs are the Triton 9100 ATM and the Tranax Mini Bank 1500 ATM.
11. What kinds of reporting tools do you offer?
We offer real-time online transaction statistics. You will be able to view over a dozen different reports such as detailed transaction history, low cash alerts, monthly transaction totals, etc. If you have any questions about our online reporting tools, please contact us by clicking here.
15. How do cashless ATMs work?
Customers slide their ATM/Debit cards through the Cashless ATM and enter their secret four digit PIN#. The customer then chooses a dollar amount (can be programed in increments of $10.00 or higher), then the machine connects to the EFT (Electronic Funds Transfer) networks, and validates the transaction in a matter of seconds. Your customer then receives an "approved" Cash Voucher/Receipt, which is now considered cash. The Cashless ATM supplies the customer with a two-part receipt. The customer presents the Cash Voucher/Receipt to the cashier. The customer keeps the customer portion of the receipt for his/her records, and the merchant keeps the merchant portion for their records.
Receipts can only be used at your business for merchandise with cash back or just for cash. The receipts you accept are the same as cash.
A Cashless ATM in a location does not mean the merchant has to have more cash in the register. Reason is our cashless ATM's average $25.00 per withdrawal (not including the purchase). Our merchants dont go through more money than they normally have on hand. Plus the funds that you pay out of the register are directly deposited back into your account within 48 hours.
Please contact us to discuss any questions you have about the ATM business or ATM machines themselves.