By
Jon J Nestorovic
ATM machines have
been shown to provide more profit to businesses that have them in their
premises; in fact studies show that people who use Automated cash machines
in a store or other business, will spend 40% of the money the withdraw.
Therefore, with an ATM, you will not only be increasing the traffic to
your store, people will also be spending more money and you will make a
portion of money the money that comes from the service charges also. The
following are tips to help you buy an ATM machine.
1. Features and options
You will need to do some research in order to find out which types of ATM machines you can buy and what features are available. After you know this, you will need to decide what options you want on your machine and start finding a company that can provide you with this.
2. What technology does it Use?
Although the technology may sound like gibberish to you, consult with a professional in order to find out what type of machine you will need with the setup you already have. A company that is knowledgeable in ATM's should be able to help you with this.
3. Calculate Traffic Volume
Although the simple fact of having the automated teller in your store should increase the volume of traffic in your store, you can't rely on that. You will need to make a careful analyse of how much traffic you get and whether or not it is worth adding this additional cost even though it will more than likely make you money in the long run.
4. Understand the Prices
Some ATM machine services may not be a flat rate, so it is important to really understand what type of pricing they are using. Ask various companies for their prices and make sure to ask if there are any types of additional costs associated with having the ATM machine.
5. Get Information on Recovery Plans
Although there have been a lot of improvements over the years on the safety of automatic teller machines, they can still be at a risk for being stolen from. Make sure to understand whether or not the company you are buying from has a plan to recover this money. Also, electronic equipment can sometimes be unpredictable and there is always a chance that information would be lost, you would also want to know what their policy is regarding this.
1. Features and options
You will need to do some research in order to find out which types of ATM machines you can buy and what features are available. After you know this, you will need to decide what options you want on your machine and start finding a company that can provide you with this.
2. What technology does it Use?
Although the technology may sound like gibberish to you, consult with a professional in order to find out what type of machine you will need with the setup you already have. A company that is knowledgeable in ATM's should be able to help you with this.
3. Calculate Traffic Volume
Although the simple fact of having the automated teller in your store should increase the volume of traffic in your store, you can't rely on that. You will need to make a careful analyse of how much traffic you get and whether or not it is worth adding this additional cost even though it will more than likely make you money in the long run.
4. Understand the Prices
Some ATM machine services may not be a flat rate, so it is important to really understand what type of pricing they are using. Ask various companies for their prices and make sure to ask if there are any types of additional costs associated with having the ATM machine.
5. Get Information on Recovery Plans
Although there have been a lot of improvements over the years on the safety of automatic teller machines, they can still be at a risk for being stolen from. Make sure to understand whether or not the company you are buying from has a plan to recover this money. Also, electronic equipment can sometimes be unpredictable and there is always a chance that information would be lost, you would also want to know what their policy is regarding this.
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