When you are a business owner you always make effors to draw larger number of customers to your business. And when they have short of cash, it is a normal practice for today to get it from an automated teller machine. So, if you have an ATM in your business, most probably they will withdraw money from your ATM. And, in all probability they will spend some of that cash in your business while being there. Due to ATMs services rendered to your customers, you will get additional earning due to revenue surcharging every time someone withdraws cash.
So, disadvantages of not having an ATM machine in your business are rather easy to see. It can happen that many of your potential customers can decide not to go into your business as ATM services are not available out there. This is due to the fact that most people using ATMs expect to obtain cash when they are making shopping, getting gas or receive other services any time. Thus, not availability of an ATM in your business will probably disappoint a number of your customers and they may decide go to more competitive one, as an alternative.
Receiving cash from customers is better that dealing with cards despite of the fact that it became a customary practice nowadays. But this requires money from you, as you should pay the processing fees for your customers’ purchases that were made by card. So, it is advantageous for you to have own ATM to enable your customers to receive real money any time they are out of it.
Benefits you can enjoy when having ATMs:
Increased customers’ number
About 80% of all financial operations are made through privately-owned ATMs. People choose not to go to banks, as it takes time and use automated teller machines to get cash for their needs. So if one of your customers is out of money, he or she can come into your business to get necessary amount.
Decreased credit-card fees
Most part of the customers that come to you will withdraw cash from your ATM and will use it to pay for products or services provided by your business. So, as a result of enlargement of cash transactions quantity and credit-card transactions decreasing, you will pay less as processing fees. Due to ATMs customers can reduce their monthly credit-card processing fees at an average 30 percents.
Earning of surcharge revenue
Every time a customer makes use of your ATM, you get a transaction fee, in other words a kind of “surcharge” that can be considered as your additional gain. According to data, ATM owners may earn around 400 dollars per month this way, and if it concerns higher-traffic ATMs locations – they earn thousands.
So, as you could see, having an ATM in your business is very beneficial. Do not loose an opportunity to attract more customers, reduce fees and get more earnings from them.
If you run your own business you might already have considered using ATM Services. It’s not a surprise today that in many cases ATMs do make buying process for customers easier. But it’s not the only purpose cash dispensers can be used for. Companies can install ATMs for paying off salaries, etc.
If you decided to install an ATM, you might want to have a reliable one – consider selecting Triton ATM. In any case using the Internet it is possible to find info on ATM Canada and much other related details including info on specific ATMs, prices, etc.