Are you wondering how to get an ATM at your business?

If you own a business, normally are many options available in obtaining an ATM.  You can buy or lease the ATM, you can rent an ATM, if you qualify you can get a free ATM placement? But what option is best for you?

Buy your Own ATM

Buying an ATM is great if you are wondering how to get an ATM at your business. Buying ATMs are typically for the business owner who wants to make the most income from their ATM, and is willing to put invest time and money in order to keep the ATM operational. The typical ATM costs around $2500 upfront, and will require about $2000 per week in vault cash. If you are willing, and have the cash- do it. This will always earn you the most money.

Lease your Own ATM

Leasing an ATM is great if you are wondering how to get an ATM at your business. Leasing in the ATM world is the same as buying with out a large upfront capital purchase. Leasing a $2500 ATM will typically be around $100 bucks a month, with a 2-5 year term. Leasing is financing. So although its a low monthly payment- keep in mind you are paying interest on this money. So a $2500 ATM will end up costing you a few hundred bucks more over the term of the lease. If you are OK with that- do it, leasing will earn you the same income as buying.

Renting an ATM

ATM rentals are good for seasonal businesses and special events. A rental may even be good for someone who is unsure if they want to buy the machine out front. ATM rentals are typically around $100 per month + or – delivery and pick up costs. The upside to renting is you can end the rental at any time. The down side is the ATM is not yours. So although you are renting it, that is not being applied to a purchase price. We do lots of seasonal rentals on the east end of Long Island in the summer time and on the New Jersey shore. These make the most sense for these businesses because they are not open 6 months or more through out the year, and each year we provide them with a new- headache free ATM.

Free ATM Placement – Vaulted by ATM Company

A Free ATM placement is good if you are wondering how to get an Atm at your business. For businesses that do not want anything to do with owning or operating an ATM. A placement is when a company installs the machine, and the ATM company fills the machine with their money.  We generally see placements in owner absentee businesses, in businesses where cash flow is an issue, or in businesses that the owner doesn’t want anything to do with the ATM. With a free ATM placement- the business owner generally earns 10% – 50% of the surcharge income, dependent on volume, and surcharge amount, and required cash. This is the most popular because it doesn’t costs anything- and you earn money.

Free ATM Placement – Vaulted by Merchant AKA Merchant Assisted Placement

This is when the ATM company provides the ATM, and you (the merchant) provides the vault cash. This is generally seen in businesses who do not want to own the ATM, but want to earn the most income from vaulting it themselves. Generally merchant assisted placements see 50% to 75% of the surcharge income- again dependent on volume, and surcharge amount.

Still unsure how to get an ATM at your business? Not sure what option makes the most sense for you? Call our experts today at 516-352-2707 or fill out or contact us for in our contact us page and learn how to get an ATM at your business. We have over 17 years experience in helping merchants acquire the best ATM solution for their individual need. Call us today!

A lobby style ATM is the perfect compliment to any business!