ATMs For Sale - what It entails |
Posted: May 19, 2022 |
Your restaurant has been a successful cash-only business for the past 40 years. Although people have never found it difficult to pay with cash, you think it may be time to investigate ATMs for sale. So you ask yourself, what does owning and operating an ATM entail? Let’s explore what it takes to purchase an ATM, the available brands of ATMs for sale, and how ATMs can make you money. Many companies sell new, used, or refurbished ATMs. Depending on the model, prices range from about $2,000 up to just under $4,000. There are seven manufacturers of ATMs in the US. Let’s review them:Nautilus Hyosung Nautilus Hyosung is the US market’s biggest producer of retail ATMs. They furnish all types of ATMs, from a cheaper model that only performs cash withdraws and account inquiries to a deluxe interactive machine used in financial institutions. They’ve been producing ATMs for the US market for almost 25 years. There American Headquarters is located in Texas. Their best-selling model is the Halo II; however, additional models are available for the retail market or financial institutions. Triton Triton has been making ATMs and providing various services for over 27 years. Triton is the second biggest retail ATM producer in the US. Their ATMs are produced in Long Beach, Mississippi. They provide ATMs, wireless modems, smart safes, wireless modems, and much more. Triton’s main retail ATM is the ARGO model, which comes in different size screens. GenmegaGenmega has been an ATM and Transactional Kiosk maker for over 15 years. They have over 150,000 units installed all over the world. Their Headquarters are located in Hayward, California, and their main ATM model is called the G2500. Hantle An Eltna Group company, Hantle has sold and supported over 100,000 ATMs and terminals throughout the US. Puloon Puloon is a more recent producer of ATMs. They’ve been making ATM parts for more than 20 years. However, their main retail models include the SiriUs I & SiriUs II ATMs. Diebold Diebold has been around since 1859 and is headquartered in Canton, Ohio. They manufacture various items but make ATMs for banks and other financial companies. National Cash Register Company NCR was established in 1884. They manufacture various items, and like Diebold, they make ATMs for banks and other financial companies. They are headquartered in Atlanta, Georgia. Source: ( ATM Manufacturers - National ATM Systems (nasatm.com) Here is what we know about ATMs and how they would benefit your retail establishment. We know that there are several benefits to buying an ATM for sale in your area. Benefits of purchasing an ATM include:Eliminate or reduce your fees on credit card Brings repeat customers back into your business You don’t have to worry about bouncing checks Generates additional income from every transaction Attracts more foot traffic into your business resulting in increased sales Source: (atmmoneymachine.com) We’ve all seen the $3 - $5 surcharge fees added to your receipt after getting cash from an ATM. This fee is how Independent ATM Deployers (IADs) make most of their money. In essence, the IADs earn a commission for maintaining the machine and refilling the cash. Source: (businessnewsdaily.com) While you’ll never get rich, the money you earn by purchasing an ATM machine is easy money. It involves little to no work. In fact, it is estimated that almost one-third of American consumers utilize an ATM each week. We’ll break it down a little further for you. Let’s say that your new ATM generates about 8 or 9 transactions per day. After the IADs subtract their maintenance fees, you’re left with about $2.50 per withdrawal. Therefore, when you take 9 transactions and multiply them by $2.50, you get approximately $22.50 per day. That translates to $675 per month. Based on this formula, you’ll have your ATM paid off in a little less than 6 months. However, ATMs are about consumers’ convenience, so they will probably only pay fees that are within reason. Source: (liebermancompanies.com) Many banking and accounting professionals believe that there will always be a need for ATMs as long as there is cash. Fraud can be a significant concern for your patrons; however, upgrades to security will result in fewer hackers trying to game the system. The future of ATMs is called ATM 2.0, which will result in a switch from your ordinary everyday ATM to a machine that may leverage digital modification for repeated profitability. There is a whole host of ATMs for sale. Now that you know what it entails make the right choice that is the best fit and begin to make easy money with your own ATM.
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