Learn About the Advantages of On-Site ATMs

If you’re thinking about purchasing an ATM for your business, you may be wondering if it’s worth the investment. The benefits of owning an ATM are:
  • Increased Foot Traffic – When you have a well-advertised ATM, people will come to your store to use it. This is especially true when either your business or those around accept mostly cash transactions. By having an ATM inside your business, these potential customers will enter your store to use it, giving you an opportunity to make a sale. 
  • Increased Sales – Studies show that ATM users will spend up to 25% of their withdrawal in the same store the ATM is located. Combined with more foot traffic, this could increase your sales a significant amount. 
  • Reduced Card Fees – As a merchant, you’re probably familiar with the fees you must pay for purchases made with a debit or credit card. While the amount of each fee depends on the total purchase price, even small fees can add up to a significant amount. Installing an ATM will increase cash transactions, thus saving you money by reducing the number of debit and credit card fees.
  • Surcharge Revenue – When you purchase an ATM, you set the transaction fee customers are charged when they use it. This fee then goes directly to you, providing your business an additional revenue stream.  
  • Customer Retention – When a customer is at your business, they may or may not have the cash on hand to make a purchase. Having a convenient ATM in your building will prevent customers from leaving to gather the funds necessary to make a purchase. 
Call Merchants' Choice Card Services LLC
at 1-800-480-9143 for more ATM information.

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