California Bill SB 1186

 Personal Service Businesses

Personal Service BusinessesATM businesses are service-oriented businesses designed to offer customers flexibility and convenience. You can find them almost anywhere from gas stations to ballparks. As long as there is enough traffic and a need for the service, an ATM business is likely to thrive most anywhere.

Customer-oriented businesses generally position themselves as entities that are interested in servicing the needs of their entire customer base. Providing quality service is an important component, whether that business is a service establishment or a product-focused business. They do this by trying to remain knowledgeable and sensitive to both current customer needs as they anticipate any future considerations that may arise.

Personal services businesses like ATM businesses are especially attuned to the changing needs of customers, and this is where customized or specialized services are often seen. Accommodating customers with special physical needs or challenging physical requirements is especially important for various industries, like those in financial services. Financial establishments like banks and ATM’s have come under scrutiny in several instances as not being as accommodating as expected towards their physically challenged customers. Cases have been cited where there were not enough easily accessible wheelchair ramps. There have also some situations cited where there were no ramps or accommodations given at all.

Although this is not the case with every single ATM business, the large majority of ATM banking facilities will try and make its services easily accessible for all customers. Also, there are some ATM businesses that have yet to comply with a mandate to make its facilities accommodating. Some legal entities have gotten involved in an effort to hasten the process, creating more of an abusive legal process.

ATM facilities are being sued for not having adequate or proper accommodations for physically challenged individuals. Lawsuits against ATM business owners began to grow and occur so frequently until ATM business owners began asking for some type of intervention on their behalf.

Financial institutions are often seen as easy targets for lawsuits for several reasons:

1. It’s perceived as having an abundance of cash assets or easily liquidated assets.

2. Accessible cash assets (can possibly) lead to a quick payout in a lawsuit.

3. Financial institutions often want negative issues (like lawsuits) to hurry up and go away, so the institution is always eager to settle.

None of these examples are the norm, nor are they the exception since each entity operates within its own operating standards. But because of often preconceived notions, abusive lawsuits against ATM business owners exist. To that end, a California legislative committee worked towards compiling a bill that would deter these (sometimes) frivolous lawsuits and give ATM business owners time, relief and flexibility.

California Bill SB 1186

Californian senateThe Californian senate, with a bipartisan vote, passed a bill called the SB 1186 which will curb those abusive lawsuits against ATM business owners. The suit will serve to ban demand money letters from attorneys of the ADA plaintiffs. This means that there is a ban against written communications coming from attorneys and sent to ATM owners that demands payments from the owner in return for a dropped legal suit from the ADA. This communication is seen as undue coercion and the bill strictly prohibits that.

Although the ADA still has the right to pursue a legal course, the SB 1186 bill states that the attorneys would have to send a notification letter to the business owner before proceeding with a lawsuit. Upon receipt of the letter, the ATM owner would have 30 days to correct any issues, after which the ADA could then proceed with their suit if the owner hasn’t made any changes.

This bill passing is good news, both for ATM owners and ATM customers. The bill protects ATM owners from frivolous lawsuits and impatient attorneys, but most importantly, it gives the business owner an opportunity to correct any issues that could be from a number of different issues, not just negligence.

The bill passing in California is a relief for ATM business owners from threatening lawsuits and any threats of forthcoming suits. Customers with disabilities may need the use of wheelchair ramps, Braille keypads or a lower reach to get to the machine’s controls without any difficulty. Now, with the 30-days grace period, business owners can ensure that the accommodations are sufficient.

ATM Machines and Bill Paying

ATM Machines and Bill PayingWithout a doubt, we are now all living in a digital world, one that’s full of technological advances and conveniences that were not afforded to us years ago. This is great time to be in business as an ATM business owner, and a great time to get into a sound, solid and profitable business.

The income gained from being an ATM business owner is highly flexible, meaning, you can make as much or as little money that you want to make. With multiple machines and/or multiple locations, you will of course make more money. With one or two machines, you will still make a great profit, and you also get to keep your inventory to a reasonably manageable size that’s ideal for the solo business owner.

With the convenience of ATM machines and accessing cash as needed, there is also the added convenience of taking care of other financial duties and responsibilities that most everyone has to deal with, and that’s bill paying.

We do it every day, week or month, and for some people, the task really requires a dedicated amount of time to focus on getting the job done. Whether they are paying those bills online, in person or mailing them in, getting those bills paid are a fact of life that you’ll need to stop and do on a regular basis.

But what if there was an easier way, or perhaps a quicker way to get it done? Maybe on their lunch break, they could easily grab a hotdog and soda from the street vendor AND pay their mortgage all at the same time? That would be pretty cool!

With the ATM machines that also offer bill payment options, it can be done easily and quickly, and as often as necessary. Bill payment kiosks that are a part of the ATM machine and its functions have become and is becoming a popular and sought-after feature for many individuals. Why? Well, mainly because they offer such flexibility and convenience, but also because there are less fees and less paperwork for customers to deal with. With the options to:

1.) withdraw cash

2.) pay bills online

3.) get financial statements from bill vendors and

4.) transfer cash between accounts and bill payors

all of the many benefits of ATM usage turns out to be a very attractive solution for customers. There are many other beneficial uses, but for customers, the main goal is to do as much as they can in an allotted (limited) amount of time, but yet enjoy the maximum amount of benefits as possible. In this day and age, multi-tasking is the fruit of choice, so giving customers multiple options with their ATM visits is ideal.

Although ATM machines and bill-paying is going to be a draw for some customers, for others it may be something that they want to stay far away from, which can likely be due to either a bad experience or not having or knowing enough information on the subject. As an ATM business owner, you can certainly offset their reasons by being as proactive as you can be to make sure the customer’s gravitate to and embrace the idea. Here are some things you can implement to ensure that this happens:

  • Make sure the ATM machine is in a safe location so customers will have confidence when using it, especially if it’s in a high-traffic area.
  • Ensure that the machine has the proper and the most current software available so that customers can find and interact with their bill payors. Make sure also to have as many high-profile bill payors and utility companies that you can so that you attract customers. Of course, this depends on location, so update your list as often as possible.
  • When customers experience issues like statement paper jams or a problem connecting to a vendor, you need to know about it so that you can remedy the problem. Because of this, always make sure that you have contact information visible so that customers can contact you with any machine issues. This includes offline and online contact information.

The only thing for the bill-paying and ATM machine concept to do is to grow. That’s because there are so many benefits and advantages that customers and ATM machine owners will receive. As it continues to grow, ATM owners will continue to enjoy the growing profits while customers receive another service that saves them time and offers them flexibility in one of life’s recurring tasks.

ATM Machines and Bill Paying dup

ATM Machines and Bill PayingWithout a doubt, we are now all living in a digital world, one that’s full of technological advances and conveniences that were not afforded to us years ago. This is great time to be in business as an ATM business owner, and a great time to get into a sound, solid and profitable business.

The income gained from being an ATM business owner is highly flexible, meaning, you can make as much or as little money that you want to make. With multiple machines and/or multiple locations, you will of course make more money. With one or two machines, you will still make a great profit, and you also get to keep your inventory to a reasonably manageable size that’s ideal for the solo business owner.

With the convenience of ATM machines and accessing cash as needed, there is also the added convenience of taking care of other financial duties and responsibilities that most everyone has to deal with, and that’s bill paying.

We do it every day, week or month, and for some people, the task really requires a dedicated amount of time to focus on getting the job done. Whether they are paying those bills online, in person or mailing them in, getting those bills paid are a fact of life that you’ll need to stop and do on a regular basis.

But what if there was an easier way, or perhaps a quicker way to get it done? Maybe on their lunch break, they could easily grab a hotdog and soda from the street vendor AND pay their mortgage all at the same time? That would be pretty cool!

With the ATM machines that also offer bill payment options, it can be done easily and quickly, and as often as necessary. Bill payment kiosks that are a part of the ATM machine and its functions have become and is becoming a popular and sought-after feature for many individuals. Why? Well, mainly because they offer such flexibility and convenience, but also because there are less fees and less paperwork for customers to deal with. With the options to:

1.) withdraw cash

2.) pay bills online

3.) get financial statements from bill vendors and

4.) transfer cash between accounts and bill payors

all of the many benefits of ATM usage turns out to be a very attractive solution for customers. There are many other beneficial uses, but for customers, the main goal is to do as much as they can in an allotted (limited) amount of time, but yet enjoy the maximum amount of benefits as possible. In this day and age, multi-tasking is the fruit of choice, so giving customers multiple options with their ATM visits is ideal.

Although ATM machines and bill-paying is going to be a draw for some customers, for others it may be something that they want to stay far away from, which can likely be due to either a bad experience or not having or knowing enough information on the subject. As an ATM business owner, you can certainly offset their reasons by being as proactive as you can be to make sure the customer’s gravitate to and embrace the idea. Here are some things you can implement to ensure that this happens:

  • Make sure the ATM machine is in a safe location so customers will have confidence when using it, especially if it’s in a high-traffic area.
  • Ensure that the machine has the proper and the most current software available so that customers can find and interact with their bill payors. Make sure also to have as many high-profile bill payors and utility companies that you can so that you attract customers. Of course, this depends on location, so update your list as often as possible.
  • When customers experience issues like statement paper jams or a problem connecting to a vendor, you need to know about it so that you can remedy the problem. Because of this, always make sure that you have contact information visible so that customers can contact you with any machine issues. This includes offline and online contact information.

The only thing for the bill-paying and ATM machine concept to do is to grow. That’s because there are so many benefits and advantages that customers and ATM machine owners will receive. As it continues to grow, ATM owners will continue to enjoy the growing profits while customers receive another service that saves them time and offers them flexibility in one of life’s recurring tasks.

Successfully Owning an ATM Business

ATM BusinessBeing your own small business owner affords you a lot of beneficial pluses. Being in a self-owned business with a profitable business model is also the best of all worlds. You get to control and manage your own business, reap handsome profits and you get to enjoy doing something that you like on a daily basis. Deciding on the right type of business is what determines just how successful you become.

Many different types of businesses can certainly be profitable, but the ATM machine business has proven to be immensely profitable because of all that it affords its owners and operators.  We make Successfully Owning an ATM Business easy. We help you get started and show you how ATM Machines work. It is fairly easy to manage the ATM business once it has been properly set up. It does require some dedicated initial time investment in order to get things ramped up, but once your system is in place, all the owner has to do is manage and monitor the machines as efficiently as possible for best results.

The ATM machine business offer owners a lot of benefits that include:

  • business flexibility that moves and changes according to customer needs
  • convenience, with hours they can control and manage
  • minimal time investment, both daily and weekly
  • ability to reap large profits with the right company and machine placements

What’s the Draw?

Convenience is key in today’s fast-paced climate, and customers always tend to gravitate towards businesses that offer them that convenience. Think fast-food drive thru’s, drive-thru car washes or self-pump gas stations; all of these businesses and other types like them allow customers to get in and out quickly, all while enjoying a service that they need. The same thing goes for ATM machine businesses and the customers that frequent them.

Whenever customers need cash fast, they look for the nearest ATM machine to withdraw money. They will not go out of their way to find an ATM machine (usually), and also they’re more inclined to withdraw cash from an available machine even at times when they don’t need it right away. Because of the habits of convenience-craved customers, it’s beneficial for ATM business owners to create opportunities to service customers as much as they can.

Also, since convenience is a crucial benefit for the ATM business owner to provide to his customer, there are also other important areas that should be incorporated into the owner’s business plan in order for it to work. The ATM owners can achieve this with their machines by:

Being Available

Make sure that his machines are in high-traffic areas where people look for, need and want the services of an ATM machine.

Being Accessible

Don’t place the machines in a hard-to-reach area or off the main traffic-ways, whether that’s by car or foot. It needs to be easy to fair to reach for customers in order to attract their business.

Being Convenient

Right along with accessibility, the machines need to also be convenient and a part of the environment in which they’re found. In other words, place ATM machines next to areas where people will actually need them. They will not go out of their way to find a machine, but certainly will use one if it’s available to them.

Competition

It’s okay if there are other ATMs in the area as long as your ATM doesn’t have the highest fee. If your ATM is the most convenient, it will still get used. Avoid placing ATM machines in slow retail stores (where traffic is less than 100 people per day). Try to avoid stores or locations where customers can easily get cash back at the register via a debit card.

Machines Working Properly

ATM business owners should always perform routine and consistent checks on their units to ensure that they’re working properly and in order.  An alert service where the ATM will send you a text message can help avoid down times. Keep them stocked with sufficient cash in ideal increments (we can help determine the best denomination for your location type) and using our online monitoring service you can always check to see if your ATM has enough funds. Routine checks should also include software updating and checking the machine’s hardware and external components for any signs of wear and tear.

Once an ATM machine has established itself as a steady, consistent and reliable machine in an area, people learn to trust it and will give their business to that machine whenever they’re in need of fast cash or banking transactions. In the end, this turns out to be a win-win situation for both the ATM owner and the customer.

There are very few business opportunities where you can invest just a few thousand dollars and ear a few hundred per month in return.  Let us show you how you can earn 10%, 20% or even 60% on your investment by successfully owning an ATM business.

Prepaid Cards with an ATM

Prepaid Luxury With ATM Cards

Prepaid Luxury With ATM CardsThere is a certain luxury that prepaid card users experience, and that is convenience. There is no guessing on card balances or what is accessible to their accounts through their ATM machines. Since prepaid cards are not like credit cards, and do not behave like revolving accounts, the funds on the card are instantly accessible by the account’s cardholder. Also, the card and any card activity is not information that is reported to any of the credit bureaus because they are not credit card accounts.

Another perk of prepaid cards is that the money is available right away, whether it’s accessed through an ATM machine or by writing out a check for cash. There are no billing statements to deal with and no worries about having balances carry over from one month to the next. The conveniences of having prepaid bankcards extend to personal and business uses, traveling, transferring funds and using them to expedite any transactions where a bankcard is required.

Prepaid Cards Advantages and Disadvantages

Prepaid Cards Advantages and DisadvantagesThere are of course advantages and disadvantages to owning and using a prepaid bankcard. For some, it’s the convenience of having quick access to their money through cash and ATM machines. For others, it may be the flexibility that it offers in paying bills online or performing shopping and purchasing transactions online. However, what one person deems as a plus, someone else may consider a minus. Here are a few reasons and options that people have as their prepaid bankcard cash and spending flexibility:

  1.  The Only Option
  • A prepaid card may be the only viable option for a person who needs to re-establish his financial track record, especially if they’re unable to open up a checking account due to a poor financial history.

In some cases, a prepaid card may the only way that they can get their financial lifestyle back on track as they work to re-build their credit scores and still maintain their financial responsibilities at the same time.

2. Flexibility

  •  A prepaid card gives the user instant cash access through numerous ATM machines and banks, making it an appealing solution for those who prefer NOT to carry around large amounts of cash. With a prepaid card, they can access their funds only when it’s convenient and preferable to them.

3. Instant Load

  •  A prepaid card can also be instantly loaded at many retail locations, like Walmart or pharmacies, like CVS or Walgreen’s. This is convenient for many individuals, especially for those who may have a limited income and need access quicker than going to a bank. There are also many ATM machines located inside some of these retail locations, which make it easier and quite convenient for the customer to shop and make cash withdrawals all at the same location.

There are also some prepaid card distributors who offer larger networks of free ATM providers than do some banks. The benefits of each prepaid card will vary from one distributor to another, but if the network is significant enough in terms of customers, they will generally offer free ATM services to its customers. This is a very important consideration, especially since the typical ATM provider can charge anywhere upward of $300 per year in basic administrative and maintenance fees. In addition, other fees like activation, transaction, bill payment and inactivity fees may also be factored in to the distributor’s fees, so it’s important to read the fine print closely and do a thorough search about the prepaid card distributor before deciding to use/not use their services.