When you buy or lease a machine from ATMdepot.com, the ATM will be dropped shipped
directly from the manufacturer (no middle man there either) to the address listed
on your application. You can install it, or we can arrange for the ATM to be professionally
installed for you by a certified ATM technician. An ATM is basically a steel safe
that dispenses money. The weight of an ATM machine is 150 - 250 pounds (depending
on the model) if it has a UL 291 Business Hour vault. The ATM should be bolted to
the floor and leveled. Concrete floors are best for security. There are predrilled
holes hidden in the base of the machine that are used for mounting.
You plug the ATM into a standard 110V / AC outlet and connect it to a dedicated standard
phone line. You cannot connect it to a fax line, a shared line or a PBX phone system.
If you need training on how to operate the ATM, it is arranged at the same time as
the installation if you want us to take care of that for you. It's easier to operate
than a cash register and easier to load than a napkin holder. And if you ever need
help, we're just a phone call or email away.
Once your ATM is installed or if you have one already we walk you thru the new programming
and you are ready to fill the machine with $20s. A typical ATM cassette holds 700
- 1500 notes, although you'll never need to use that many. If you ever do, that would
be a good problem to have. Think about it, 1000 $20 bills are $20,000. The average
retailer puts in 30 twenties per day. That's $600. Since the average ATM does 8 -
10 transactions and the average withdrawal is $60 that's about $480 - $600 per day.
If you want higher transaction counts, you can fill your ATM with $10 bills instead,
but they are a little harder to get from your cash register and don't dispense as
well since they are not as new. Twenty-dollar bills are typically newer and easier
to find at banks.
If you want to dispense more than one denomination, you can, but it requires a machine
that uses multiple cassettes. A single cassette is standard and on most machines and
a second can be purchased as an option. Some higher end ATM machines come standard
with two cassettes.
In most cases, you (the owner) set the surcharge amount (convenience fee) for using
the machine. The surcharge is usually $1.50 for a convenience store, fast food restaurant
or other standard retailer. Some nightclubs and bars will set the fee at $2.00 or
$3.00. Fees at adult bars, casinos and other specialty shops can reach $5 or more.
Just remember that if you set the convenience fee too high, no one will use your ATM!
There is a point where the cost of convenience is just too much. Our experience shows
that if you charge $1.25 - $1.75 your machine will make money.
To keep the ATM running all you need is the phone line, power, a few dozen $20s and
receipt paper. Just put money in every morning and take it out every night like a
cash register. It only takes a minute. Press a few keys to balance it out and run
your totals. You can also use our online
monitoring system to check your balance and reports. All the money that was withdrawn
from your ATM machine is deposited into your business checking account as
described here. Your monthly income from the surcharge is deposited at the end
of each month.
|