Most ATMs used in retail locations (restaurants, convenience stores, hotels, dispensaries, etc) range between $2200 and $3200. There are different factors that contribute to the price of the ATM. A big part of that is the size of the cash dispenser. There are also some othe minor factors like size of screen, whether you want an ATM topper included, etc. Once you talk to one of our ATM sales team, we can get you pricing on several models that work best with your space and needs to choose from.
Although a standard ATM dispensor can hold 1000 bills, (equivillant to $20,000 in $20 bills), you have the option to get a larger capacity machine if needed. For most retail locations, like a pizzaria or liquor store, or small hotel for example, we recommend starting with about $2,000 in cash and then monitor the ATM cash and reload as necessary. Usually after a couple weeks you will start to have a good idea on its weekly usage and cash needs.
The ATM transaction works like this. A customer goes to the ATM and requests money. The ATM calls that person's bank account to verify they have that money in their account. The bank then transfers the money from their account into yours. Once that is complete, the ATM then is told to dispense the cash to the customer. The money from the ATM shows up in your bank account the following business day. For example; if cash was pulled on a Monday, it is in your bank account Tuesday morning. If it is pulled on a Friday, Saturday, or Sunday, that money is back in your account on Monday morning (assuming Monday isn't a holiday)
Whether you buy an ATM from Green Genie or a free ATM placement for your business, you have access to our 7 day a week technical support to help diagnose any issues that may arrise over the phone. If needed, a tech may be sent out to the location. If you buy an ATM from Green Genie, it will come with a 2 year warranty on parts. If you have a free ATM placement from Green Genie, we will be responsible for any repairs needed.
With Green Genie, you have the option to receive your surcharge revenue either paid daily or in one lump sum each month.
Customers will no longer stop at a competitor's establishment to get cash (and spend it there). Customers will instead stop at your place of business because you can accommodate their cash needs.
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.
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.
Cash does not bounce. When a customer uses cash, your risk of chargebacks, disputes, and bad checks are reduced or eliminated.
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.