If you own a business, you must look for ways to enhance your operations and gain more customers. One method to achieve this is to invest in one of the ATM stands. An ATM stand is a kiosk home to an automated teller machine (ATM).
However, this blog reviews the advantages of purchasing an ATM stand. And why you should get ATM machine service and how it can help you scale your business. Read this blog to the end if you are curious enough to boost your sales.
ALSO READ: 4 Things You Need To Know About the History Of ATM Machines
- Convenience For Customers
One of the main advantages of owning the ATM stand on your premises is the ease it offers your clients. Customers can easily take cash out if you have an internal ATM at your business place. In this way, customers can stay in the premises of your store to locate an ATM elsewhere.
Though, this practice is particularly beneficial when your business is in an area having very few ATMs. Besides this, it would be even more beneficial if all the ATMs were within a short distance.
Moreover, it is important to consider convenience as a key aspect of customer satisfaction. Customers who can withdraw cash easily at your store are more likely to enjoy pleasant experiences and return later.
- More Foot Traffic
Installing an ATM stand at your business place could bring many more people to your establishment. When people go out looking for ATMs to withdraw cash, your place can be a magnet for potential customers. Otherwise, they might only have stopped by if you had installed an ATM at your place.
Additionally, an increase in foot traffic can result in higher sales. Customers regularly visiting your establishment to use the cash machine will likely purchase or benefit from your services.
- Additional Revenue Stream
Investing in an ATM stand can provide additional income for your company. One way to earn revenue is to charge a surcharge fee on ATM transactions. The users pay this fee which could vary from just a few cents to several dollars for each transaction.
Although, this cost will add up and create an important revenue stream for your company. Besides this, Another way to earn money using the ATM stand is to offer ads on your stand.
Selling advertising space to other companies or promoting your products and services is possible. Indubitably this is a fantastic opportunity to market your company and generate income.
- Improved Security
An ATM stand can also increase the safety of your business. Most ATM stands come with security options like security cameras and alarms. And this prevents criminals from trying to steal cash from the machine or your business.
Furthermore, having an ATM at your location lowers the chance of theft. Having loads of cash available makes your business an easier target for criminals. Thus, an ATM stand reduces the cash you must keep in your bank.
- Customization
Another benefit of getting an ATM is the ability to tailor it to the specific requirements suitable for your business. You can choose from many customization options like ATM software, branding, colour options and the machine’s services.
However, this can help you develop a consistent image and customize the machine to meet your business requirements.
- Maintenance & Support
When choosing the ATM supplier, it is crucial to consider the support and maintenance they provide. Select the provider that offers regular maintenance check-ups and support for any issues.
Because this will help to ensure your ATM stand is operating in good condition. And also, ensure that your customers can get cash whenever they require it.
Ways Of Getting An ATM
If you want to get an atm for your business, there are two ways. 1. Buying an ATM 2. Getting a rental ATM.
Buying an ATM
Buying an atm is a one-time investment that allows you to own an atm once and for all. Usually, ATM machine price is generally high. It can be between $5000 to $10000. However, buying an atm makes you free from any rental fees.
You are the sole owner of that machine and the only person to collect its revenue. Also, you have to maintain it, load and reload the cash.
Rental ATM
Suppose you want to spend less on the ATM but still want to get it. Then a lease ATM machine is the best option. The cost of a rental atm is way less than buying an atm. The rent of a rental ATM is usually around $300 to $500 a month.
When you get a rental ATM, you must provide electricity and an internet connection. However, the rest are the service provider’s responsibilities, i.e., ATM machine maintenance, loading, and reloading cash.
Cash Wave
Cash Wave is a leading player among Canadian ATM providers, offering various solutions to retailers and merchants. Cash Wave primarily deals in ATMs to help businesses scale up.
With our top-of-the-line services, i.e. ATMs, switches, and cash reloading, we provide a seamless experience for businesses and customers. By partnering with Cash Wave, retailers and merchants can enhance their customer experience and attract more foot traffic.
However, our products can eventually lead you to increased sales, revenue and profits if you’re a retailer or merchant. If you want to take your business to the next level, partner with Cash Wave today. And experience the difference our solutions can make.
ALSO READ: Team Cash Wave is heading down to New Orleans for the ATMIA US Conference 2023
Key Takeaways
Investing in an ATM stand can bring a wealth of advantages to your company. From the ease of use for customers to a new revenue stream. Numerous reasons exist to consider, including the ATM stand in your operations.
Furthermore, with the capacity to personalize and improve security, ATMs are an investment worth considering for any business owner. Also, it provides an excellent opportunity for those who want to improve their operation and draw more customers.
