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Get Quotes from Cash Machine (ATM) Suppliers
Fitting your store with a cash machine (ATM or Automatic Teller Machine) can be a great little earner. A good portion of the cash it dispenses will be pumped straight back into your business. It will increase the average customer spend, attract more footfall to the store and could earn you a good sized sum in commission.
The stores that get the most out of an ATM are generally the busiest. A cash machine does not guarantee a boost in revenue. They cost a few thousand pounds to buy and install, so in a quiet corner shop the investment may struggle to pay for itself. If you have relatively high footfall, though, they can be highly profitable venture.
There are 3 common types of ATM:
- Free standing – The most flexible option. These can be placed anywhere in the store providing there’s space.
- Counter top – A good space saver, but needs more frequent restocking.
- “Through the wall” – An outdoor ATM will dispense cash 24hrs a day. Along with the increased revenue, though, are the extra costs of installation, maintenance and security. They are only profitable if there is plenty of after-hours traffic coming past your business.
Free standing and counter top machines can be rented or purchased. A “through the wall” model will obviously be a permanent feature of the store. You can also decide how you want to manage your machine. ATM suppliers can provide a complete installation and maintenance service, or can train your staff to stock and maintain the machine themselves.
Some ATMs are multi-talented machines that can top up mobile phones, cash cheques, make transfers and even print stamps as well as dispense cash. Some also boast jazzy colour screens that can generate further revenue through advertisements.
If you think your business would benefit from an ATM on site, Approved Index will find you a machine to fit your requirements and your budget. Just fill in our simple enquiry form to receive free no obligation quotes from 4 leading cash machine suppliers.
Get Quotes from Cash Machine (ATM) Suppliers
