Posted on: 30 August 2016
If you own a small convenience store and want to be able to boost the traffic that comes into your business, consider renting an ATM for your store. Having an ATM will increase traffic to your store because people will pop in to use the ATM when they need cash and may buy a soda or a snack while they are in there. Use the guide below to learn what things to take into consideration when renting an ATM to use in your business.
Consider the Size of the ATM
The first thing you need to do is consider the size of the ATM. You want to be sure that it is small so that it does not take up a lot of floor space in your store. There are some ATMs that can be placed into the wall of your business, but this will require you to remodel a portion of the wall in your store, which could be somewhat expensive, so it is best to just rent a small, standalone ATM instead.
Consider Who Is Responsible for Filling the ATM
When you rent an ATM, it is important to make sure that you know who is responsible for keeping the ATM filled. If it is your responsibility to keep the ATM filled, you need to make sure that you keep plenty of small bills on hand to place in the ATM at all times. If it is the responsibility of the rental company, be sure to find out how often they will fill the machine so that you do not have to worry about it running out and your customers getting frustrated.
Consider Who Gets the Fees
When someone uses the ATM, fees will be charged in order for them to get the money out of the machine. It is important to determine who will be getting the fees that the people are charged. If you are paying to rent the machine, you may be the one who keeps the fees. Some ATM companies will ask to keep their machine in your business to boost traffic to your business, but they make money by keeping the fees that are charged to customers.
It is important to take the time to read the contract closely before agreeing to rent an ATM to ensure you know what to expect. Be sure to pay for any insurance that is offered so that you are not held responsible for the money that is in the machine or the machine itself if it is stolen or damaged. Contact a company like NCATM Associates LLC for more info.Share