ATM Machine Processing & Sales Buyers Guide
Can your business profit from owning an ATM machine, aka automated teller machine? If you're reading this article, then the answer is probably yes. Before we get ahead of ourselves, you need to ask yourself a few questions regarding the actual ATM location you plan on placing your new ATM machine.
- Do you have customers asking for the location of the nearest ATM?
- Do you have at least 30 people a day visiting your location?
If you answered yes to both of these ATM related questions, then we're about to show you why you need to buy an ATM and how you will make a great profit with little or no effort.
The key to being successful in the ATM business is to find ATM placement locations that will make you money. ATM sales are based on traffic count, so let's figure out how many people will use your new ATM machine on a daily basis. The formula we are about to show you is the same formula that is used by every ATM dealer and ATM distributor in the country when placing ATM machines. Trust us when we tell you that this formula is tried and true.
ATM service dealers and ATM distributors look at one thing when deciding whether or not to place an ATM machine at a particular location. The rule of thumb goes like this: 3-5% of the foot traffic that actually sees the ATM machine will use the ATM. So, let's figure that you have a total of 300 people a day coming through your doors, and let's say that you are charging a $2.25 surcharge per valid withdrawal. If you take the middle road that 4% of the people that see the ATM machine will use it, then you can count on your new automated teller machine to generate you a minimum of 360 transactions per month at $2.25 per valid withdrawal. That comes out to $810 per month or a total of $9,720 per year. All that from one ATM machine at one location.
The next question is how much will your new ATM machine cost. This question is a little harder to answer simply because there are so many ATM machines to choose from, such as Class 1 Armored ATM machines, Indoor ATM machines like the WRG ATM, Triton 9100 ATM - Hantel (Tranax) 1500 ATM, Hantel (Tranax) 1700, Through-The-Wall ATM machines, Cashless Scrip ATM, etc. One thing we can tell you is that 75% of the ATM machines used in non-bank locations are non-armored ATM machines. A good non-armored ATM machine is the Triton 9100 ATM machine. The Triton 9100 ATM or the Hantel (Tranax) 1700 can be purchased from either an ATM services dealer or an ATM distributor servicing your area. The price for the Hantel (Tranax) 1700 should range between $1,695 and $2,195, depending on what options you choose.
At atmwholesaler.com we guarantee the lowest price.
Co-Op ATM Services - Is this the right solution for your ATM needs?
Co-Op ATM services are a fairly new concept within the ATM business. The co-op ATM option seems to be best suited for a store or property owner that wants to take advantages of owning their own ATM while minimizing their risk by splitting the costs and liabilities with a top notch knowledgeable ATM distributor or ATM dealer. By doing a co-op ATM with a reputable ATM distributor, you will most likely avoid the many little mistakes most people make when learning how to operate a profitable ATM machine on their own for the very first time.
Co-op ATM deals are usually designed where the ATM distributor (like Elite Bank Card) and the property owner split all costs right down the middle on everything from the ATM machine itself, to installation, receipt paper rolls, ATM maintenance costs, etc. In return, the store or property owner is only responsible for paying half of all hard costs, and keeping the ATM machine filled with their own cash at all times. In return, all profits are split 50-50; that is why getting into a co-op ATM is a good idea for the property owner that wants to minimize their risk, and have the opportunity to learn more about the ATM business from a reputable ATM distributor.
We have a variety of ATM leasing plans available for business owners who either can't afford to pay for a new ATM machine in full or simply don't want to. You can also opt for our placement program, which costs you nothing but a few square feet of space. Start enjoying the benefits of ATM ownership immediately without the upfront costs.
Free ATM Placement Programs - What are the benefits of a free ATM placement?
Free ATM placement services have been around as long as the ATM business itself. Free ATM placement services are designed for high traffic locations that need a high volume, full service ATM machine without any of the headaches of owning one.
In most cases, a high traffic location is offered a free turnkey ATM placement service at no charge. In return, the ATM distributor will provide the location with a percentage of the ATM surcharge revenue from each valid cash withdrawal from the ATM. The ATM distributor will be responsible for everything revolving around the ATM machine. They will pay for the ATM, ship the ATM, set up ATM processing and install the ATM, load cash into the ATM, and then maintain the ATM for the life of the ATM placement. The location owner does absolutely nothing but cash the checks when they arrive in the mail from the ATM distributor. (Or direct deposit, if you choose.)
Free ATM placements are, in our opinon, the best way to take advantage of the ATM boom. No headaches, no investment, no worries. The only thing you should think about now is which ATM distributor you want to go with for your new ATM placement.
This is where ATM Machine Quotes comes in. Simply submit your info outlining your current ATM needs. You will then be contacted by two or three of the most reputable ATM distributors in the country within 24 hours. After this, you can shop and compare the offers from different ATM distributors and ultimately choose the best ATM machine distributor that fits your ATM needs.
ATM Machine Lease - Weighing the benefits of an ATM Lease
Are you thinking about buying or leasing an ATM machine to place in your business or as an additional source of income? Before you make your decision, weigh the pros and cons of both buying and leasing. You might find that leasing is a better option for the particular needs of your business.
What things do you need to consider? First of all, what kind of service agreement will you have if you choose to buy an ATM? Are you responsible for all repairs? Is there any kind of warranty? Where is the closest service repair person?
If you buy, you may be responsible for all future repairs. There is generally a warranty period on at least part of the machine, but don't take those things for granted. Make sure you understand your agreement before you buy.
The same goes for leasing: make sure you understand the lease agreement before you sign off on it. Generally speaking, you may receive more repair assistance if you lease the equipment but read your contract closely. Are there charges for late lease payments? What if the machine does not perform as you had hoped? Is there a clause in the agreement that will allow you to opt out if necessary?
Pay attention to the total price before you get infatuated with the low monthly price of a lease agreement. Look at this example: If you can buy an ATM machine outright for $2000, don't be taken in by a $150 a month lease for 60 months. That would end up costing you an additional $7,000 more than it would have cost you if you would have bought the ATM outright. So, while $150 a month certainly sounds nicer than $2000, the lease will cost more in the long run. Not all ATM leases are the same, though, so you should evaluate your options carefully.
Talk to your accountant to see which would be a better deduction for your business. Do you need a monthly payment to claim as a business expense for your taxes next year? How much of the monthly lease payment can you deduct? Can you deduct more if you buy it outright? Your accountant can tell you if it is more beneficial for you to buy or lease an ATM machine and will also be able to outline a few more pros and cons related to ATMs as business expenses.
Take a little time to investigate your options before you choose to either buy or lease an ATM machine. Making an educated decision now will mean you will likely be more satisfied with your choice months down the road. Don't let a sales rep rush you into a decision. Remember, it's his or her job to sell. Insist on taking your time, asking questions, reading information, and talking with other customers about their experiences with the company from which you are considering either leasing or buying.
Buying an ATM through ATM Wholesaler is easy and we process through a real bank that is a Fortune 500 company. This is an easy and non-stressful process, so please don't hesitate to call us with any questions at 248-681-3300.
When you buy an ATM from us, we stand by you and our products. You get free 24/7 technical and service support, either over the phone or in person. We also provide online troubleshooting help.
ATM Sales - Buying ATM Machines can be tricky. What should you expect?
If you've ever considered buying an ATM machine, but think the ATM sales business is probably too complicated, think again. While there's going to be a learning curve, this is a business that can be learned by anyone who has a tendency to lean toward entrepreneurship.
Start with the basics. Take a look at the major manufacturers of ATM machines like Hantel (Tranax) ATM, Triton ATM, and Hyosung ATM, and those who advertise themselves as ATM companies. You should expect from these companies the exact same service you'd expect from anyone offering a product - competitive prices, service after the sale, technical assistance, and the ability to upgrade.
Remember that ATM machines exist simply because of two things - the demand for convenience and the technology to make that need a reality. That brings us to one of the things you should demand from a company touting ATM sales. Ask about the machine's versatility. If the company comes out with a new technology - the ability to wash clothes while the customer waits for a completed transaction, for example - will the machine you're looking at be able to handle the uploads? That's certainly an exaggeration of the service you'd expect from an ATM machine, but a few years ago ATM owners probably thought tickets sales were also an impossible service. Today, ATM machines serve as ticket kiosks and more. Take time to compare prices, but don't necessarily look only at price. Some companies offer lease purchase options, or even a "rental" opportunity. Those may very well be what you need to get you started in your ATM business endeavor.
With almost any business enterprise, service after the sale is vital. If your machine is down, people will remember it as an unreliable location. Not only will you lose that day's transactions and the accompanying profits, you'll also lose in the future because the customer who doesn't successfully complete a transaction is likely to find another ATM location for his/her next attempt.
Some ATM companies offer a network of ATM technicians to help you keep your machine maintained. This isn't necessarily part of the ATM sales process, so keep it in mind as you choose a company to purchase your ATM machines from.
Locations are another important issue to consider as you look into the potential of getting an ATM machine or expanding your current ATM network of machines. Some companies offer to help you find locations, but others simply offer the product, leaving the location to you. If you're opting to take over an existing location, you should probably get a look at the previous owner's profit margin, if possible.
That location may be important for another reason. If it's a "through the wall" ATM machine, you're probably going to have to have a machine that fits that existing spot. Some ATM sales companies tout their ability to retrofit machines so that you can use any existing space.
There are many things to consider as you look at purchasing an ATM. Remember that there's profit to be made, but don't think that the money is simply going to roll in without your input. From periodically checking machines to maintenance, you have to be willing and able to invest some time as well as the initial financial investment. But if you do your research, and choose your ATM sales company carefully, you'll find out why so many people are opting to go into business with an ATM machine.
At ATMWholesaler, we don't just sell you an ATM; we take care of you afterward. We install the machine and teach you how to use it. We hook you into our nationwide transaction network. Our system accepts cards from nearly every bank, and its state-of-the-art encryption means your customers' data is safe. We can handle check collection, as well.
ATM Distributors - Why ATM distributors must be there before and after the sale.
Why must ATM distributors be there for clients both before and after the sale? The answer is simple:
Good customer service - before AND after the sale - brings about repeat customers and referrals. And remember, the customer is a powerful person. If the customer has one bad experience, you can believe he or she will tell any and everyone who will listen about it. If you are trying to build a good business, bad experiences will kill it faster than anything else ever could. Stay on top of customer service. It begins before the sale.
If you call or email about your interest in an ATM distribution program, make sure the company follows up as quickly as possible. If you ask questions, they should be answered. If they don't know the correct answer, they should say so. There is nothing wrong with not knowing everything. As a matter of fact, you will probably trust the company more if they answer a question with an honest "I don't know, but let me find out and get back with you by the end of the day." If they give you a time limit, make sure they honor it. But if they can't find the answer you need by the mentioned deadline, call back to inquire and make sure all your questions are answered. Just be honest, and you will get your business relationship with the ATM company off to a great start.
Now that you have chosen an ATM company and bought your ATM product or services, the work does not stop. You must still work to keep your ATM customers satisfied, even if your company is small and you have to deal with a lot of other business issues. Keep in touch with the ATM company.
When it comes right down to it, they are the people you have to communicate with. They sold you the product. Usually, you can call a service representative personally if you ever have any trouble with customer service or repair departments for your ATM machine. Let them know that while you don't anticipate any problems, you'll be in touch if you do run into any such issues, as in the case you need ATM parts and or an ATM sign. With that said, make sure the ATM company you choose follows up on your concerns and gets back to you in a timely manner. If you've been trying to reach someone from tech support but can't seem to get through a busy switchboard, make sure someone takes your phone number and ask someone from tech support to give you a call. Even if it takes tech support a while to solve your problem, you will be impressed if you get results from them. This is how good business relationships are built.
If you want to build your business, service both before and after the sale is of utmost importance. Don't slack on either aspect. A satisfied customer is a long-term customer. When a satisfied customer tells other people about his or her great experience with you and your company, it's better than any type of advertising you could ever invest in. If you are putting your ATM machine, such as a Hantel (Tranax) ATM, in a place that has a lot of traffic, especially foot traffic, the likelihood of people using your machine increases. Also, if there is a reason why people in the area around your machine would need extra money, the transactions are likely to increase. All of these factors are important because when more people use your machines, you can afford to charge them less. After you figure out what reasonable pricing with the competition seems to be, see if you can meet or beat it. However, you still have to keep the charge high enough to make a profit. But, if you charge less and more people come, you still have the potential to make more. This is the whole point of competitive pricing.
Need credit card processing or a credit card terminal?
With over 5,000 ATMs, Elite is a market leader nationwide and has been experiencing great growth in the credit card processing side. At Elite, we are in a great position to provide all of a company's payment services needs under one roof. Elite Merchant Services is dedicated in assisting companies accept payments from their customers in the most efficient and cost effective ways possible, while providing the highest levels of service.
ATM Business - How to get in on the ATM machine business phenomenon
Please call us for details: 248-681-3300 or email us www.atmwholesaler.com
The reliability of your ATM machines will depend largely on your manufacturer - some are simply at the top of game in this sector, while others aren't. We highly recommend Hantel (Tranax) ATM, Hyosung ATM, Triton ATM and WRG ATM. You may find that the cheapest source of ATM machines isn't the best source. Here's why reliability is such an important factor in your effort to start an ATM business.
Cashless Scrip ATM machines - How Cashless Scrip ATM Machines Can Work For You
The words "cashless" and "ATM machines" simply don't seem to belong in the same sentence. After all, what service could a cashless ATM possibly offer? Actually, cashless scrip ATM machines are becoming more widely acceptable, and offer one of the most important things to the merchant - the potential for higher earnings. Take a look at the concept, how it works, and how you can put it to work for you. In reality, the concept has nothing to do with not spending or receiving money, but with spending money without using cash or writing a check. Instead, the customer simply swipes a card and the transaction is completed. While it's fairly common already to have credit and debit card terminals set up at checkout stands, one point to keep in mind is that these transactions come with a price. Typically, the merchant pays a set fee for each transaction.
So, what if you could eliminate the transaction fee? What would it be worth to you? Before you answer, stop to consider how much that fee is currently costing you. If it's a flat fee of fifty cents per transaction, for example, would it be worth fifty cents if that fee didn't apply? And what if you could then use that transaction fee - in whatever amount you choose - to encourage the shopper to return? This is one of the benefits of cashless scrip ATM machines. So are these ATM points free? Actually, the customer pays a convenience fee, just as they would if they used a traditional ATM machine. So, where's the advantage? When people are shopping, they're typically not worrying about a dollar (or even two or three) that they'll be charged for using an ATM machine. The same is typically true of the transactions on cashless scrip ATM machines.
In marketing, "soft benefits" is the term given to some benefit of shopping in a particular place. If you, as the merchant, can offer your transaction fee back to the customer, it might be just the slight incentive needed to encourage that customer to make a return visit. Even though the actual cash amount isn't likely to be significant, you're building good will - a feeling that will likely remain with the customer long past the moment when the last bit of wrapping paper is being crammed into the trash. Other benefits of cashless scrip ATM machines are evident in the environment. The customer will typically receive two receipts for the transaction, but other paper receipts are eliminated. The result is less need for paper and less paper to throw in the trash - both good ideas for the environment. Finally, you can point out the ultimate convenience of this type of transaction. Checkouts are faster because your customers aren't standing in line writing checks. Approval is almost instant and there's no need to make change. If you, as a merchant, are able to offer the very cutting edge of technology as a means to convenient shopping, your customers are going to remember you.
Hantel (Tranax), Genmega & Nautilus Hyosung ATM Machines - Cash To Go
For more than two decades, Hantel (Tranax), Gen Mega & Hyosung ATMs have been making self-service technology that works. It's this commitment to excellence that's made Hantel (Tranax), Gen Mega & Hyosung popular options when it comes to ATM machines. If you're considering setting up an ATM or adding to your existing network of ATMs, you have to ask yourself a couple of questions. What is it that makes ATM machines profitable? What can cut down those profits? What can you offer that will make people pass up some other ATM to choose your Hantel (Tranax), Gen Mega, & Hyosung ATM machines? One of the reasons people use ATM machines at all is convenience. Every single thing you can do to add to that convenience increases the potential that your ATM will be profitable. That means that you may very well need to check out Hantel (Tranax), Gen Mega & Hyosung ATM machines to see what innovations make these even more convenient.
Maybe you're not even looking for a network of ATMs, but are looking for a way to make your existing business more profitable. Think an ATM can't help? One of the innovations that emerged from Hantel (Tranax), Gen Mega & Hyosung is the combination ATM and ticketing kiosk. Just consider the problem some people face at movie theaters. It's not until they arrive that they realize they don't have enough cash for movie tickets. They may very well scramble around to find an ATM machine, or they may simply go to a video store that will accept their credit or debit card and take their evening's entertainment home - unless you can make it easy to overcome this problem. With a combination ATM and ticketing kiosk from Hantel (Tranax), Gen Mega & Hyosung, you can. What can be easier than using the ATM machine to pay for the desired tickets AND get enough cash for popcorn and a soft drink? This is just one of the many options you'll get with Hantel (Tranax), Gen Mega & Hyosung ATM machines.
But, just as is true with any technology, the needs don't start and stop with the ATM machine, even if it is at the top of the game. You have to find several ways to attract customers. Hantel (Tranax), Gen Mega & Hyosung ATM machines are built to be located in a variety of situations, including "through the wall" models. You'll also find an array of signs, stickers, and other accessories to help you attract those necessary customers, and even a surge protector to help protect your investment from an electrical surge that could put your ATM out of commission - resulting in lost profits for you and a loss of confidence from your customers.
Hantel (Tranax), Genmega, and Nautilus Hyosung are top of the line when it comes to ATM's
Here is some more information about the individual ATM Machine Companies and the ATM's that they offer.
Triton ATM Machines
For the most reliable and highest quality ATMs, nothing beats a Triton. A trusted leader for affordability and service for 30 years, Triton continues to set new standards with innovative features and support after the sale. Triton ATMs are made in the USA and are built from the ground up at our state-of-the-art manufacturing plant in Long Beach, MS to provide you with the lowest total cost of ownership in the marketplace. With a sleek look and a small footprint, Triton ATMs have a great modular design, which makes them easy to upgrade. Triton ATMs are easy to service and have the least amount of downtime of any ATMs on the market. And, thanks to superior engineering, most Triton ATMs average less than one service call per year, with most technical difficulties reported resolved by telephone. Since their founding in 1979, Triton has long been known as an innovator. Customers have learned that Triton not only has the technological expertise to solve problems, but also has a rare passion for developing technology that makes sense - solutions that are as practical and affordable as they are sophisticated.
Some different models of the Triton machines are the RL1600, RL2000, RL5000, and the FT5000.
NCR ATM Machines
With over 125 years of experience and knowledge, NCR is a leading global provider of payments, assisted- and self-service solutions. NCR has been the global number one manufacturer of ATMs for more than 23 consecutive years. Tailoring software and services to compliment our hardware portfolio, NCR delivers consistent, multi-channel, end-to-end solutions. NCR helps their clients around the world improve their customer interactions, implement change quickly and proactively, and transform their businesses to become leaders and change agents.
Nautilus Hyosung ATM Machines
With over 28 years of experience in the industry, Nautilus Hyosung has been a technology leader in ATMs and other self-service solutions. With its vertically integrated business structure, Nautilus Hyosung is able to effectively integrate its software development capabilities through its sound hardware manufacturing platforms with speed and flexibility. Providing complete solutions in hardware, software, and electronic banking services to the financial services and off-premise markets, Nautilus Hyosung will commit to enabling maximum cost reduction and security, and creating new business opportunities for our partners.
Nautilus Hyosung's quality management vision is to grow into a global top maker that delivers world best products quickly to customers by establishing quality management, giving priority to quality, satisfying customers, providing best service, and achieving global top quality. To this end, Nautilus Hyosung has an in-house organization for quality audit, standardization, and quality innovation to continuously enhance quality mind and give quality training under a thorough quality assurance system, covering sales/marketing, product development, production, and after-sale service. In addition, it uses ASSIST (Advanced Service Support Information System Technology), an innovative maintenance support system used to provide customers with the best service, in order to offer customers with high-quality service, thereby meeting the needs of customers quickly and correctly.
Some Nautilus Hyosung ATM machines we carry are the Mini-Bank NH-1500, the Mini-Bank NH-1800, and the Mini-Bank NH-1800CE. We also carry the Monimax 5000, the Monimax 5100, the Monimax 5300, the Monimax 5600, the Monimax 7600, and the Monimax 8000. Hyosung offers numerous different stand alone, as well as through-the-wall, ATM machines, and our company, ATM Money Machine, carries every type.
Hantel(Tranax) ATM Machines
Founded in 1986, Hantel (Tranax) is the leading innovator of retail ATM and self-service technology, serving the retail markets. Through vertical integration of advanced R&D and manufacturing, Hantel (Tranax) delivers products and services for existing and emerging market needs. Hantel (Tranax) is committed to serving their customers' business growth and profit. Hantel (Tranax) has sold and supported more than 100,000 ATMs and self-service terminals throughout North America. Since 2006, Hantel (Tranax) started its own manufacturing, and has shipped over 20,000 ATM and self-service terminals.
Hantel (Tranax), headquartered in Hayward, California, became an independent operating company of Eltna Group in August 2008. Hantel (Tranax) leads the self-service industry in the design, development, manufacture, and sell of self-service technology to the retail, banking, hospitality, entertainment, and gaming industries. Founded in 1986 by Dr. Hansup Kwon, the company now has sold over 90,000 ATMs installed across North America. From the beginning, Hantel (Tranax) has been known for its innovative, high-value products, but what really differentiates the company from larger competitors is its strong focus on product quality and reliability, customer service and support, and the entrepreneurial and visionary founder. The company was selected by Frost and Sullivan to receive its Growth Strategy Leadership Award for 2006 "for its outstanding ability to make rapid strides into the highly competitive ATM market in North America.
Industry Standard for Reliability
This emphasis on improving the entire product solution extends all the way to the back-end systems that are used to manage a network of ATMs. In an industry where mean downtime between failures can dramatically impact revenues and customer satisfaction, Hantel (Tranax) solutions are renowned for their reliability. When downtime does occur, the company's rapid response team quickly evaluates the problem over the phone, suggests a fix, or drop ships a replacement part for delivery the next day. Because the ATMs are constructed in a modular fashion, it's a simple matter to swap out a malfunctioning part. Hantel (Tranax) tracks not just the serial number of an ATM, but all of its individual parts in order to determine a part's history and inventory. The result is a much lower total cost of ownership over the product life cycle.
Hantel (Tranax) offers numerous different models, and ATM Money Machine carries them all. Some examples of Hantel (Tranax) ATM machines are the Mini-Bank 1700, The Mini-Bank C4000, and the Mini-Bank X4000.
ATM Machine Cabinets
Elite Bank Card/ATMWholesaler has a large selection of ATM cabinets. ATMWholesaler is the nation's leading manufacturer and supplier of ATM cabinets and ATM enclosures. Our cabinets are made to last and are made to fit with any decor. Our ATM cabinets and enclosures are great for hotels, casinos, restaurants, and more. These ATM cabinets and enclosures are a great way to dress up both your older and newer ATMs. With years of ATM experience, and over 5000 ATMs deployed, you can rest assured that ATMWholesaler understands and implements every detail that is required to maintain a high volume ATM machine, and adding a great looking ATM cabinet is one of those great details.
When you call us at ATMWholesaler.com, we answer your questions without any pressure to buy. We have no sales pitch. Our machines sell themselves. You either need a machine or you don't. If you are reading this, you probably need one! It's less expensive than a vending machine, there is no product to buy, it pays you back $2 or more, you choose what you want to charge when someone uses it, and it performs a convenient service. Still undecided? Call us at 248-681-3300. If we think one might not be beneficial to you, we will say so. We try to make our customers glad they bought an ATM from ATMWholesaler.com.
What if I want to be a distributor for your company?
If you would like to be a distributor for ATMWholesaler, you just have to contact us directly! What an ATM distributor does is they find the location that would like to purchase or lease an ATM machine from us, and put them in contact with us. Being an ATM distributor allows you to gain a profit, without having any involvement of the ATM machine. We have a commission schedule based on finding locations for ATMWholesaler. To become a distributor, contact ATMWholesaler at 248-681-3300 to get things started.
We have a variety of ATM leasing plans available for business owners who either can't afford to pay for a new ATM machine in full or simply don't want to. You can also opt for our placement program, which costs you nothing but a few square feet of space. Start enjoying the benefits of ATM ownership immediately without the upfront costs.