Thinking You Need An ATM At Your Business? What To Know And Why To Rent
If you think that you could improve sales around your business if you had an ATM machine, and more people would utilize cash buying deals or options, you can make a profit of it. If you are interested in having an ATM machine on your property, there are a few things that you can do. Not only does having an ATM attract people to your location, in case they need to grab cash before going somewhere, but it can also save you money at the same time. Here are things to consider, and why getting an ATM for rent could be best for your business.
Cash is Still Favored by Some Consumers
Cash is still favored by some consumers, so you don't want to miss out on buyers that are in your store, and would rather pay with cash or take out more cash to get what they need. Sometimes if you are buying a gift, you don't want a receipt on your debit or credit card. Or if you are trying to avoid charging things, it's best to get cash out of the ATM to make a purchase.
Earn Some Money on Withdrawls
You will be leasing the machine, but you will be earning money every time someone takes cash out of the unit. A portion of the money will go to cover your lease and to the person that you got the machine from, but the rest of the fee is yours. This could be a substantial amount if the ATM gets a lot of action.
Offer Cash Incentives
It costs you money to accept debit and credit cards, so offer incentives for patrons that pay in cash. If you give five percent off to people that pay in cash, not only will you save a great deal on processing fees, but you will also encourage people to use the ATM machine. A $100 purchase is still cheaper paying an ATM fee and with the 5 percent discount than it is if the person swipes their card.
An ATM machine will serve many purposes and is a great way to get people inside the building to use it, to look at your stuff, and to spend money. You can also use the machine as a money-making opportunity, so that you can get some extra profit when people are spending money in your store. If you want to grow your business and offer more payment options, lease a machine today.
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