In our fast paced technology driven world, cash has been replaced with multiple credit cards. Merchants are bearing the majority of these costs, paying for transaction fees and the hassle of declined cards. ATM machines are a simple solution to this problem. Self-service ATM machines provide consumers a fast, simple, and convenient way to access their cash when they need it.
You receive a percentage of the transaction fees that processed from your ATM. Studies show that a customer who withdrawals cash from an in store ATM, will spend up to 25% more than the customers who use a credit card. By having your customers utilize your ATM and pay you in cash, the credit card fees, chargeback, and etc. fees will decrease.
As you might expect, most customers who withdraw funds from an on-site ATM spend some of that money in the store. The machine can also increase foot traffic and attract customers that may not have shopped at your store otherwise. And when they are inside, they often decide to pick up a few items as well.
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