Benefits Of Having An ATM In Your Establishment
Increase in customer spending - According to a 7-11 study, ATM users spend 25% more than non ATM users. If someone withdraws cash, they usually end up spending some of the money in that business.
Reduced credit card processing fees - Because businesses with ATM machines see fewer credit card transactions and more cash spending, business owners save money in credit card processing fees. Credit card transactions cost between 2%-3% of a purchase.
Reduced bad debt Cash does not bounce. When a customer uses cash, your risk of chargebacks, disputes, and bad checks are reduced or eliminated.
Surcharge Revenue - The owner of the ATM receives surcharge profits from the machine at the end of the month. For high traffic locations, this can add up to a significant profit every month.
Time Saver - An ATM can save your employees' time by not having to run a credit card at customer checkout. It also saves the time of the customer because they are able to access cash as well as make a purchase all in one location.
Improved Business Image - By providing useful services for your patrons, your image is improved. One reason people patronize your establishment is value. An ATM adds value to your establishment.
Some ATM Facts And Figures
- ATM customers spend an average of 20%-25% more than non ATM users
- 40% of ATM users go to the ATM machine on average of 10x per month
- Stores with ATM's increase sales by over 8%
- ATM users tend to use the same ATM machines repeatedly
- Customers enjoy the convenience of an ATM in the store they patronize
- There are no returned checks with an ATM
- You reduce or eliminate credit card processing fees with an ATM
ATM Installation Requirements
The only requirements needed for your new atm machine is to have a dedicated 110 power outlet and either a dedicated phone line within 3 feet of where the ATM is to be placed, or a or modem. There is also an option if you choose to go wireless and we have the compliant items available for purchase. When choosing your space for the ATM in your business, allow aprox 16" wide and 22" deep for average free standing machine. Consult with the ATM product specs for absolute measurements and allow a couple extra inches for ease of cabinet opening and refilling of money. If you have any questions regarding what you will need, please feel free to email us at your convenience.