5 Things You Need to Know About ATM Placement

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Do you own a big store in a heavy traffic area? Are your customers always asking where they can find the nearest ATM machine? If you answered yes, it’s time to start exploring how you can bring an ATM machine to your business’ premises. 

Placing an ATM inside your store can be very beneficial as it can attract many potential customers to walk through your door. People love the convenience and since an ATM gives customers access to cash when they need to make a purchase, having one right inside your store can assist you in making additional revenue. 

However, obtaining an ATM machine at your store is no easy feat. A lot of careful planning and research is required before you make any decisions. Remember, ATMs work well in places with heavy foot traffic such as malls, bars, restaurants, universities, amusement parks, convention centers, and shops that have many loyal customers who mainly use cash for payments. 

If you are looking for a solution that will increase cash flow to your business but you do not want to spend valuable hours maintaining and servicing an ATM machine, then ATM placement is a good option for you. 

What is ATM placement? 

ATM placement means that the ATM company you choose to work with is responsible for the setup and maintenance of the ATM machine with little or zero costs transferred to you. However, part of the fees from the ATM goes to the ATM company but you also get to receive a small amount of the surcharge revenue. 

Here are 5 things you need to know about ATM placement

  1. Location Is Everything When It Comes to ATM Placement

Once you have decided that ATM placement is a good choice for you, the next thing you need to do is to choose the right location to place your machine. Choose a spot that is easy for your customers to locate. It will not do your business any good if your customers cannot find it. It is also important to keep the area visible and well-lit both during the day and at night. A well-lit area creates a sense of security and your customers will feel safe taking out cash at any time. 

  1. Pay Attention to Terms and Conditions

Once you find the right supplier for ATM placement, make sure that you read all the details on your contract and understand all the terms and conditions before you proceed with anything. Ask all the questions you may have especially on surcharges and customer support. The last thing you need is to fall for a loophole that may jeopardize your business in the future.  

  1. No Upfront Costs

If you choose the free, full-service ATM placement program, you need to know that the placement service will handle everything from the total cost of the machine to maintenance, insurance costs, ATM processing, and everything else. This means that you will have very little work on your end and you will not be required to raise any investment. 

  1. Cash Is Filled by The ATM Placement Service

For every free ATM placement, an armored car is deployed to ensure that the ATM will always have cash at all times. If you choose to work with Cash Oasis, your cash will always flow into your business. and what’s more, they will provide the right denominations and currencies required in a timely manner. 

  1. The Service Provider Handles All the Repairs and Services

In the event the ATM machine requires repairs, the ATM company will send certified service technicians to first diagnose the problem before fixing any parts. All the repair costs are handled by the ATM company.