When you process ATM transactions through ATMdepot.com
your ATM machine dials a toll free number
to begin the authorization process.
To begin with, we will have to program or re-programmed your ATM machine with a TID (terminal ID
number). This is the number that identifies your ATM machine on our ATM processing system.
This is how the networks (see below) allow the transaction to be completed. This TID along with other identifying information lets the cardholder's bank know that the transaction is taking place on your ATM.
Now your ATM can connect to the networks through our processing center and
then to the cardholder’s bank. If there are sufficient funds in the ATM cardholders
account for the withdrawal request, the transaction will be completed.
Once transactions are approved the ATM receives the authorization and dispenses the cash requested. Your ATM can also be used if someone just wants to check their account balance or transfer funds before or after withdrawing cash. There is no surcharge convenience fee charged by your ATM for non-cash withdrawal transactions.
What is an ATM network? If you take your ATM card out of your wallet now, you will see network logos (also known as bugs) on the back:
You might notice that the Cirrus bug looks similar to the Master Card logo. That's
because it’s the ATM processing network of Master Card.
The Plus network is the ATM side of Visa. Plus and Cirrus are the National ATM networks. All other logos and bugs
are regional networks.
As the owner of an ATM you would set the surcharge fee, we would process the transactions, and then put the funds withdrawn from your ATM back into your bank account the next business day with the cut off being 3pm PT each business day. We then pay you the surcharge at the end of each month.
Contact us now or call us for a detailed
explanation at 888-501-5246
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