What are the benefits to use an ATM
Cash Retention
25% of the cash withdrawn from an ATM is spent on the premises. This number can be as high as 75% for nightclubs, bars and restaurants.
Control Bad Debt
Cash does not bounce. When a customer uses cash from an ATM it cuts down the charge backs, disputes, returned checks, and the stress associated with these incidents.
The savings that this ATM service provides to our clients can help reduce overhead expenses and increase profit which will lead to an overall successful business venture. It’s important to note that machines are available 24 hours a day, 7 days a week, so you never miss out on any potential transactions.
The savings that this ATM service provides to our clients can help reduce overhead expenses and increase profit which will lead to an overall successful business venture. It’s important to note that machines are available 24 hours a day, 7 days a week, so you never miss out on any potential transactions.
Why Buy an ATM Machine?
Having an ATM in your business has endless benefits. By having an ATM in your business, you can reduce or eliminate credit card fees. The average ATM customer will spend a substantial portion of the money dispensed from your ATM with your business.
ATM users are habit-driven, often using the same ATM repeatedly, bringing repeat customers back into your business. ATM machines bring customers to your business so that they may access the ATM. ATMS provides ultimate convenience to your customers.
An ATM machine will increase the number of customers that come into your store or restaurant because customers know that they can get cash there. According to research by InfoGroup Media Tracking Services (2003) 50% of customers surveyed stated they would avoid doing business with an establishment if they didn't have access to an ATM machine on site. The same survey showed half of those people surveyed stated their reason for avoiding the establishment was not having enough cash on hand to complete a transaction.
The survey also showed that customers who use a convenience store ATM spend an average of $10, twice as much as those who don't stop in for quick errands. Even though the fee from the credit card companies is lower than it has ever been, having cash available on location still makes sense for cash businesses. For example, the typical savings from using an ATM machine over a point-of-sale (POS) terminal processing credit cards is between two and four percent. That's because many businesses will pay up to seven percent for each swipe of a plastic card through their POS system. This means that your business could save over fifty percent against your credit card processing fees by switching to or adding an ATM
There are many manufacturers of ATMs. We sell Hyosung.