4 Reasons ATM Machines are Good for Your Business

1. 4 Reasons ATM Machines are Good for Your Business ATM

2. Automated Teller Machines, widely known as ATMs, have long been a cash point staple for consumers. They’re easy to use and offer convenient, quick, secure access to cash. Paul Volcker of the U.S. Federal Reserve believed ATMs to be the only useful innovation in banking, according to The Atlantic. Since the first ATM models were developed 50 years ago, the number of ATMs worldwide has since reached millions. Credit Union Times reported that three million ATMs would be scattered and used around the globe by 2015. If you want to improve your bottom line, you might want to look into the perks of having ATM machines installed in your place of business.

3. More Customers The first advantage is obvious. By choosing a strategic location—near the door or entrance to your store—you’re providing people with the means to withdraw cash. People short on funds tend to buy less. With an ATM machine handy, though, shoppers can easily withdraw cash to spend at your store. Improved Foot Traffic It’s common for people to flock to places where ATMs are located. That means a steady stream of foot traffic to your place, which equates to foot traffic you won’t have to spend your advertising dollars for. And when people who come in to use your ATM, there’s a significant chance that they’ll stick around to have a look at the shop or at a product that catches their eye.

4. Surcharges You get to set transaction fees for your customers. Mind you, this shouldn’t be a method of digging a deep hole in your shoppers’ pockets, as a high ATM fee will push them away. However, the additional revenue that a small ATM fee generates for your business doesn’t hurt.

5. What to Do Before you start installing ATMs, there are a few things you’ll need to consider, says the Houston Chronicle: Location: This can mean a massive difference in consumer use. By putting your ATMs in strategic locations—near entrances is ideal—you encourage users to withdraw and spend their cash at your place. People are more likely to shop when they have cash. ATMs take care of that problem for your shoppers, increasing their buying power. If your withdrawal rates are low, you could try moving your ATM to a better position, like somewhere more visible from outside the store, to see if this increases use. Machine type: More than one type of ATM machine is available on the market, so do your research. Compare prices and packages to see which one suits you and your budget better. Keep in mind, though, that high capacity machines can dispense more money, and thus require less refilling cycles.

6. Used or new: If you like the idea of saving on costs, consider going for used Triton ATM Machines from companies like ATM Money Machine. This way, you can look forward to getting a great deal on machines, while taking advantage of the benefits they offer. You can also look into renting machines at affordable rates.

7. Your Move As a business owner, you’re always looking for ways to improve your bottom line. Having a few ATM machines handy can definitely give you a boost.

8. Thank You Office Address :2511 Fire Rd., Egg Harbor Township, NJ 08234 E-Mail ID : atmprograms@gmail.com Phone No : +1 609-641-7300 Website : atmmoneymachine.com