Wednesday, 07 September 2011

• How ATMs for Sale can Benefit You

  Automated Teller Machines or ATMs help you gain access to your money. They allow you to withdraw cash, make a deposit and carry out basic financial tasks like check your balance or get a mini statement without having to queue up at a bank. If you own a sales business that has considerable footfalls, it may be in your best interest to get yourself an ATM.
  
  A few questions you should ask yourself:
  
  1. Do I have at least 200 people coming to my outlet each day?

  2. Do a majority of them invariably ask for the nearest ATM?

  3. Do I have the space for an ATM?

  
  What is in it for me?
  
  Any business that provides an ATM gives potential customers an easy way to access their money so they can spend it at your business. Here are some facts to help you determine if an ATM is something from which you can profit.
  
  • A general rule is that almost three to five percent of your footfall is bound to use the ATM when they see it.
  
  • This means that if you are charging them a minimum of $1.25 for every withdrawal transaction – for 300 people a week, you stand to make around $375, which will cover your ATM management expenses.
  
  • How profitable your ATM is for you depends on how you get it. 

  Buying one can be a huge expense while renting one periodically brings down your initial investment. As a first timer, the rental way is the one to choose.

  
  Benefits of free ATM placement
  
  This is an option for a high traffic location that qualifies for free ATM placement. While you make a share in the profit, you do not have to worry about owning the ATM and maintaining it such as the services offered in this website. This is how it works:
  
  • Qualifying locations get free ATM placement
  
  • A part of the surcharge revenue is shared with the owner of the establishment.
  
  • All things related to the ATM are handled by the distributor
  
  • To make a profit from ATMs, finding the right kind of distributor is the only job you need to do.

  
  
  Leasing an ATM
  
  However, if you choose to take on a lease for an ATM, there are several aspects to look into.
  
  1. Are you liable for late payments if you fail to pay the lease amount on time?
  
  2. What are the clauses involved in opting out of the system?
  
  3. Evaluate whether on an annual basis your lease payments are making financial sense or not.
  
  4. Look into how leasing an ATM can be made tax friendly for your business
  
  No matter which option you look into, it is a good idea to evaluate all the aspects before signing on the dotted line. Take a good look at a business and how it works and whether that makes financial sense for your business. An ATM can be a good addition to the income of your business if you are sure people will use it and if you are sure you will not lose any money.

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