Are you planning on having an ATM placed right at your business place or store? Well, if yes, then it’s a great business idea because ATM installation can bring you an additional source of income without requiring much effort on your part. Along with increased revenue percentage, another advantage of ATM installation is that it brings an increased footfall in your store, thereby, converting quite a few of them into potential customers for your store in the long run. While it is true that obtaining the ATM solutions is considerably hassle-free, it is essential for you to know about the overall service and the ATM programs in particular in order to be able to derive the maximum benefits of the solution. There are precisely three types of ATM programs available for you to choose the one that best suits your business model and specific needs. Let’s discuss each in details:
Free ATM Placement Program – If you want to enjoy additional income from the ATM solution but you are unwilling to put even the slightest effort into the process, go for the Free ATM placement program. In this model, your chosen ATM service provider will typically offer you with a brand new ATM incorporated with advanced technology. The costs of literally everything including the machine, the installation, programming, maintenance, cash services and processing are taken care of by the provider. As a subscriber of this program, all you get to enjoy is the fixed monthly revenue. In this format, you neither have the ownership of the ATM nor bear the hassles that accompany this program.
Free ATM Partner Program - In this particular type of ATM program, the service provider typically offers you with a free ATM machine and takes care of the installation, maintenance, programming and processing aspects. However, you are allowed to manage the cash entirely. While managing cash will require you to plan strategically beforehand, this model will, at times, bring you more monetary profits while also offering you with considerable ownership of the ATM.
ATM Processing Program – The ATM processing program allows you to buy an ATM and bear complete costs of the maintenance part. So, all the revenue is yours and you have complete ownership of the entire ATM too. You can choose to go for this arrangement if you are ready and prepared to take care of everything related to the ATM. Also, in this case, you will have to make sure that the ATM is placed in a very suitable location so that it remains visible to and accessible by the people.
While choosing the ATM program, be very careful in considering the positive and negative aspects of each type. Also, engage in effective communication with the service provider and try to get a deep insight into the details of the programs. It is good to remember in this respect that once you subscribe to a particular program, making a shift will compel you to bear some hassles. So, it is advisable that you make the best choice right from the beginning.