Well, several ways. First, Banks pay a small fee to the ATM networks for connecting
the cardholder to the bank. Second, your ATM charges the cardholder a fee (referred
to as a surcharge or convenience fee). You, the ATM owner, set this fee. If you sign
up with ATMdepot.com you receive up to 110%
of this fee.
That’s right, we said 110% (that’s
one hundred and ten percent) of the fee you charge.*
Remember, it costs you nothing to process ATM transactions with Atmdepot.com. We have
no statement fee, no minimum, and no monthly fees. There are no hidden charges. Sign
up now.
The average ATM transaction is $60 but a banking rule states that a cardholder must
be able to withdraw a maximum of $200 when paying a surcharge. You can set a limit
on how much can be taken out, but it needs to be at least $200. Keep in mind that
there are very few $200 transactions.
The average surcharge is typically set between
$1.75 - $2.50. If you own the ATM you can set
it at whatever you want, however some states
have specific maximums. If you’re not sure what
the legal limit is in your state click
here.
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All
of the money taken out of your
ATM is directly deposited back
into your checking account each
business day from previous days
usage. All funds go through the
Federal Reserve ACH (automated
clearing house). Funds from surcharge
income are direct deposited into
your checking account also, but
at the end of each month for
easy book keeping. It's just
like having your credit card
charges direct deposited into
your checking account. |
One of the most frequently asked questions we
receive is how much can I make with an ATM.
This is not always easy to answer.
The average ATM
in a retail environment (not a bank) does
about 6 – 10 transactions per day. Keep in
mind that there are ATM owners only doing
two or three transactions a day on an ATM
too but there are also ATM owners that have
ATM machines that have 30 - 40 transactions
per day.
If you surcharge
$2.00, then ATMdepot.com pays you between
$2.00 - $2.15 based on your transaction volume
and number of ATMs with us. You will never
receive less than the ATM surcharge.
This
means if your ATM were processing 3 – 4 transactions
per day you would earn at least $180 up to
$250 or month. If your ATM
falls in the average usage of 8 per
day, you would earn approx $17 per
day or approx $400 - $500 per month.
An outdoor
ATM or one of our Drive Up or Walk up kiosks
can produce twenty-five (25) transactions
a day or more (that’s only 1 per hour). With
25 transactions per day you would earn over
$1600 per month.
*110% is limited
to a surcharge of $2.00. If your surcharge
/ convenience fee is higher than $1.50 your
maximum revenue share will be 100% of your
surcharge plus 10% of the first $1.50 based
on 300+ transactions per month..