Why Get ATM Machine in My Store - Benefits of ATM

1. You'll be the happiest business owner when you keep your customers more satisfied. Providing an easy way to withdraw cash right inside or near your store is one way to do that. And one reliable way to do that is to provide an Automated Teller Machine for in-store cash withdrawal. The World Bank shows ATM machines continued value for decades. But you could be wondering why you'd want to install an ATM in your store when cashless payments are becoming more commonplace. In that case, consider the following half-dozen reasons.

2. ATM Commissions are a Source of Revenue An ATM earns you a commission with every transaction. Usually, the transaction fee is between $2 and $3. You get to keep a percentage of the fee. The exact figure will depend on the revenue- share agreement you have with your ATM company. Some businesses earn as much as $20,000 to $30,000 per year from ATMs — quite profitable for a passive enterprise.

3. ATMs Increase Traffic to your Store You can attract people looking around for an ATM to withdraw cash. It could be that they shop for stuff you do not sell right in the neighborhood or next to your store. Or you can attract people shopping in a direct competitor's store. If they need to withdraw cash and the store doesn't have an ATM-like you do, you can easily attract that kind of customer with an in-store cash withdrawal service. Also, keep in mind that many people tend to revisit the cash machine at least once a week. That could mean return customers for you. ATMs Earn you Money Through Increased Sales The 2011 Harris International Marketing data shows that the average amount spent in a shop increased by 65% after customers started using their in-store ATMs. The study also showed many people prefer to spend money where they withdraw it. Moreover, three out of four people tend to impulse buy, which can mean increased sales for your store. Cut Down Card Inconveniences with an ATM Checks and credit cards require identity verification processes. Those are crucial minutes that may inconvenience customers. And then there are the processing fees. Installing an in-store ATM can help you keep more money in your pocket by slashing debit and credit card providers' processing fees.

4. Moreover, debit and credit cards need technology upgrades that might be too expensive for your business. Conversely, cash payments are straightforward; no processing time, charges, or upgrades. ATM Cash Withdrawals are More Secure for you and your Customers Customers are likely to feel safe transacting in an in-store cash machine than outside on the street. Also, you can use an ATM machine to deposit your cash safely. You do not need to make bank trips often to deposit your money. And that is time you can save and redirect towards growing your business.

5. ATMs are Convenient for your Customers More studies indicate that as many as 75% of customers expect to find an in-store cash withdrawal machine. What's more, most adults have experience withdrawing money from ATM machines. They already know how to use one with ease, convenience, and securely. So you wouldn't need to keep convincing them to use the cash withdrawal method inside your store. Conclusion Cash transactions are a favorite among customers. As such, a cash dispensing machine attracts people. If you have an ATM, every transaction means an attractive commission. Moreover, the walk-ins are essential for shop traffic and sales. Make life smooth for you and your customers; get an ATM.