Research and a recent survey show that even though the bank may be open to the consumer, 43% of customers still prefer to withdraw cash from an ATM. Talk about the importance of an ATM machines.
Are you part of the 43%?
For more information on on ATMS or on ATM machine sales, call ATM Merchant Systems toll free at (888) 878-8166.
ATM Sign Written in Arabic. Photo by Frank Hebbert.
Most companies don’t need to know why an ATM in their facility increases their business and their customer spending, but if you need convincing, this article should prove valuable.
Instead of your customers leaving your grounds to get cash, having an ATM available keeps them inside of your facility and encourages them to spend more at your place of business. Having a high volume of customers who visit your business and spend money with your business would make having an ATM machine available, a smart investment.
According to the American Bankers Association and a recent study, close to 70% of all banking transactions are done through ATMs. This study also shows that customer foot traffic and customer satisfaction is increased by the presence and availability of an ATM machine in your business.
Generating revenue with ATM machines is a great selling point because research shows that ATM customers will spend close to 25% of their withdrawals inside of the store/business where they made the transaction. Another great feature is that it gives your business a reduction in credit card fees. If your customers are withdrawing money from your ATM machine, they are paying you more in cash instead of using credit cards. This decreases the credit card fees that your business has to pay every month in processing fees by an average of 30 percent.
With surcharge fees ranging from $1.50 – $5.00 per transaction depending on the location and type of business you own, many ATM owners earn $500.00 on average with some business owners earning higher profits depending on the customer traffic they receive. Usually the amount of the surcharge is determined by the ATM owner.
There you have it. ATM machines add extra revenue streams in a number of ways for your business. Between the surcharges, spending influences and increased customer traffic, having your own ATM machine, so consider the investment and watch your profits grow.
Now that you know how your business can benefit from an ATM machine or cash dispensing safe, mosey on over to our atm sales page or call toll free at 1-888-878-8166.
ATM sales Las Vegas can boost your revenue and bring in new customers. See what ATMMS can do for you!
When starting a business or running a business, there is usually one main goal; to make a profit. This means managing the budget, pay roll and all other finances to make sure you are not spending more than your business is making. To keep making a profit for a business, you must be innovative and keep updating your ways with advancements in time and technology. There are various ways to make sure your business keeps profiting. Here are a few to look into.
1. Start to offer new services. If you have hit a peak, maybe it is time to expand what your business does. Do you sell dog food? Maybe you should also start to sell dog toys, leashes, and cages to those loyal customers who are already coming to your for their food needs.
2. Lower some of your expenses. If you notice, no one is coming in on Sunday, but you are still paying someone to be there and paying for all of the electricity to be on, maybe you should think about not being open on Sundays. Just simple moves to evaluate where you are spending frivolously can help tremendously.
3. Team up with different companies or form partnerships. Maybe you own a gas station, ever thought about putting an ATM outside? By teaming up with an ATM sales Las Vegas company, you can help pull money in for your business as well as theirs. It’s a sure way to bump your earnings.
Buying an ATM for your business is a smart way to increase your finances. ATMs scream convenience and if you already have a loyal customer base, they will love that they can take cash out at your venue or business. ATM Merchant Systems specializes in bringing ATMS to local and large businesses.
By following these three easy steps, you can start increasing your profit now. Make sure you are being smart about your finances and adapting as society does. Keeping your business up to date and using technological advances on your side will help your business stay profitable.
Visit ATMMS To Shop For Note Dispensing Units.
When you start looking into ATMs, you will almost inevitably also hear about NDUs. Also known as note-dispensing units, these are the heart of most modern automatic teller machines, allowing them to dispense multiple denominations of bills safely and securely. But that’s like explaining a toaster by saying you put in a slice of bread, push down, let the wires get hot, and wait for it to come back up. While accurate enough, it doesn’t explain everything an NDU does or can do. Let’s dig a little deeper.
A note-dispensing unit can be as simple or as sophisticated as you want it to be, but the basic design of an NDU is relatively simple: slots to insert stacks of bills in denominations from one to one hundred dollars, a sturdy thief-resistant casing, and an electronically controlled governor to make sure it dispenses the proper amount of money for any given transaction.
With this basic design, you can increase the size for the needs of a large resort casino cage or make them small enough to allow you to safely and securely store petty cash in a desk drawer. You can also add in security systems such as GPS, internal auditing, and other countermeasures against unauthorized access, intrusion, or theft. This makes NDUs indispensable for business offices of all shapes and sizes, allowing you to quickly and easily access cash when you need to while still protecting your funds.
Many of the features above are standard on most NDUs today, because of the high demand for secure note dispensing units. The best part is that an NDU can be used to quickly and accurately process customer transactions without the hassle or risk of your employees having to access a cash drawer. This helps to make your business less appealing to robbers and thieves of all stripes, because NDUs make it easier for regular transactions to occur while deterring or even thwarting robbery attempts.
Nearly every casino in Las Vegas utilizes note-dispensing units as part of their day-to-day operations, resulting in lower overhead and greatly reduced concerns about theft. These cost-effective units pay for themselves almost immediately by increasing productivity and customer satisfaction while reducing accounting errors and other problems. There is no bulletproof way to eliminate human error from the accounting equation, but having an NDU onsite is a great start. To learn more about how NDUs can help your business, contact ATMMS!
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The first automatic teller machines were simple devices that did one thing and one thing only: Give out money. These progenitors of modern ATMs operated on specially printed checks which were given to the account holder and only dispensed one denomination of bills. Obviously, these ATMs were not nearly as secure as they could be, and some of the finest minds in the banking and computer sectors dedicated themselves to solving these problems.
One such innovation that is in common use today for everything from ATM machines to secure military facilities is the magnetic stripe card. These cards are printed with a special stripe upon which the user’s information is imprinted. These stripes tell the machine whose card is in use, but also prompt the machine to ask for further information, such as a Personal Identification Number. This helps to keep customer funds safe and secure and ensure that only authorized individuals can access a given account.
Another problem the previous ATMs had was security, both for the funds within and the customers who use them. Robbery at ATM machines became a commonplace crime until the advent of cameras. Additionally, the first ATMs were about as secure as a commercially available household lock-box, making the funds inside easy targets for thieves and safe-crackers. As more secure locks and innovative materials were made available, the banking industry applied these to ATMs, making them more difficult to break into.
The biggest improvement to date, however, is the wireless alarm and camera systems on modern ATMs today. These systems allow a given unit to be monitored from a remote location. Whenever an ATM is moved or opened without proper authorization, these units send an alarm to the bank and to the monitoring company. GPS tracking systems and remote closed-circuit TV cameras also aid in the protection of ATM customers and the prosecution of thieves and robbers who might attempt to steal the ATM or strongarm users.
Today, the array of special features and security options available to customers of ATM sales Las Vegas businesses trust is greater than ever. Your customers can do everything from checking their account balance to redeeming your company’s special bonuses and incentives for loyal users. This makes ATMs more flexible and beneficial to your business than ever before. To find out more about how an ATM can be modified or customized to your unique needs, contact ATMMS for sales, service, and training at a great value!
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The first ATM in America debuted briefly in 1961 at a New York City bank. This simple machine accepted deposits, including coins, banknotes, and checks, but was pulled after only six months because bank customers didn’t trust the new technology. This machine, known as the Bankograph, did not dispense cash. That advance would have to wait another five years, until a credit-card-activated cash dispensing machine was installed in Tokyo in 1966.
In 1967, world-famous Barclay’s Bank in the UK installed the first ATM on British soil. This machine ran on checks imprinted with a customer’s unique personal identification number as plastic keycard technology did not yet exist. The installation of this ATM coincided with a similar design which was installed in Uppsala, Sweden. It would not be until 1969, two years later, that the first cash-dispensing ATM as we are familiar with it today would be installed on US soil, at Chemical Bank in New York’s Rockville Centre.
This was the first ATM to use magnetically coded information on a specially-issued bank card, the forerunner of the modern ATM card, and was programmed to dispense a fixed amount of cash when the card was inserted. Although the initial cost of ATM machines for sale gave many banks pause, the convenience and ready access to customers’ cash reserves could hardly be ignored, and the ATM quickly became an indispensible and ubiquitous part of American life.
While the original ATM did exactly what it was intended to do, there were still some problems. Tampering and theft was a distinct possibility, and the technology for remote cameras that could deter theft and robbery at ATMs was still in its infancy. Each unit stood alone, and if you weren’t a customer of a given bank, you couldn’t withdraw money. The next big innovation in ATMs became the networked machine, allowing customers to withdraw money from any ATM serviced by the bank’s network.
Today, you have to go far afield to not be in convenient reach of an ATM. The modern ATM contains electronic security and auditing features that would have been unthinkable when the first cash-dispensing machines debuted. Although these ATMs are packed with features, they still retain their initial intent and function, offering the customer readier access to their funds than ever before. To see how an ATM can help your business, no matter what size or type, contact ATMMS for the best Las Vegas ATM sales and service around!