ATM Machines
Why own an ATM Machine? Because 70% of Americans now use an ATM debit card, a credit card, or a VISA check card. Customers are relying on their credit cards for their every day purchases, large and small, including at gas stations, convenience stores, movie theatres, restaurants and malls. Customers appreciate the convenience of an ATM to access their bank accounts whenever they want to, especially after normal banking hours. Offering your customer the convenience and reliability of an ATM machine can offer you the opportunity to increase your bottom line and profit margin. If consumers have more cash, they spend more cash. Up to 20% of the money withdrawn from an ATM is spent in the store it was withdrawn from, according to one study. Having an ATM machine in your store can increase your sales and in turn increase your profits because MPS does not collect surcharges.
ATM Machines at MPS:
- Complete ATM processing
- Guaranteed up-time
- Internet access to transaction activity
- Online monthly statements and service reports
- Signage for maximum exposure
- 24/7 customer service and technical support
- State-of-the-art cash machines available
- You keep 100% of surcharges
- Increase customer loyalty
- Special financing available
- Encourage spending
- Increase store traffic
- Generate extra revenue
How does an ATM Machine transaction work?
- The customer inserts their bankcard in the ATM and requests a withdrawal.
- The ATM dials a toll-free number to contact the appropriate network which then contacts the customer's financial institution.
- The customer's funds are verified by his financial institution.
- If funds are verified, the transaction is approved and the customer receives cash from the ATM.
- The withdrawal amount and the surcharge are debited from the customer's account.
- The transaction is processed through the Federal Reserve's automated clearing house.
- Both the surcharge and the withdrawal amount are electronically deposited in the ATM owner's account.
How much revenue can I expect to make from my ATM machine?
The amount of revenue that you can expect to make from your ATM depends on the amount of foot traffic at your location on a daily basis. Typically, 3%-5% of the foot traffic that actually sees your ATM machine will use it. As an example, say you have 200 people a day coming through your doors, or 6,000 a month, and you charge a $2.50 surcharge per valid withdrawal. If you estimate that 4% of those people will use your ATM, you could estimate that your ATM machine will generate a minimum of 240 transactions per month. That would bring in revenue of $600 per month or $7,200 per year. That is just from one ATM at one location.
| Full Line of ATM Machines |
