Smart business owners always seek new ways to grow their business and increase their revenue. One great way to help your business’s profits is by installing an ATM at your business. Here are three ways an ATM can increase revenue for your business:
Additional Source of Revenue: In order to withdraw money, an ATM user must pay a transaction fee set by the owner of the machine. Business owners with a machine at their business get to set this transaction fee, which usually varies between $2.50 and $5.00. Money generated from these fees provides the business with an additional source of revenue on top of the business’s regular sales. The ATM users are also likely to spend the cash they withdraw at the business, hence, the money from the ATM will go right back into the business’s overall revenue. The money from transaction fees can quickly make up the expense of purchasing the ATM.
Attracts New Potential Customers: Besides creating another source of revenue for the business, an ATM helps attract new potential customers. An ATM can give your business an edge over other nearby locations by offering people a necessary service. Passerby needing an ATM can use your business’s ATM, contributing to overall revenue through the transaction fee. Additionally, the ATM user may become a potential customer, especially if the person returns to use the ATM.
Increased Sales: An ATM also increases your business’s overall sales. ATM users spend an estimated 20% to 25% more money than those who do not use an ATM. Retail stores with an ATM also increase the business’s sales by about 8%. Furthermore, an ATM lessens the need for your business to accept checks or credit cards, thereby reducing the money your business spends on credit card fees.
Learn more about how your business can invest in an ATM by contacting America’s ATM. America’s ATM was founded in Plantation, FL and provides small and medium-sized businesses financial service kiosks, marketing products, and quality ATMs. The experienced team at America’s ATM assists business owners in deciding what ATM program best fits their business and offers businesses flexible options for servicing their ATM. Call America’s ATM at 877-475-1104, or, visit the website to learn more about the programs America’s ATM offers at http://americanatm.com/