Want to earn more monthly income for your business? Have you thought about adding an ATM to your business but don't know how to get started or how it works? You have come to the right place.

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Let's set an example of a typical business that adds an ATM to it. In this example we can use a business that accepts credit cards and other forms of payment currently. Let's say the monthly revenue of the business is around $40,000 a month. On a modest credit card processing fee of 1.25% you're looking at around $500 a month in credit card fees if most are being paid through a credit card. That's roughly $6,000 a year in fees. 

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By adding an ATM to your business, you are now cutting into these monthly credit card fees. By getting customers to pay in cash instead of using a credit card will save you money in two different ways.  1) You will no longer be paying the full $500 a month in credit card processing fees, and 2) cash customers are more likely to tip or spend more than they would if it were on a card. That's a known fact!

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Think about it this way. If a typical service fee for your particular service is around $40, they pay with a card, they are likely going to write $5.00 on the tip line especially if they see tax of any kind. If they pay in cash, they are more likely to just give you $50 if it's in cash because a $5.00 cash tip on a $40 service doesn't feel like it's enough. 

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From the above 2 ways you would be saving or earning more with an ATM, there is also a 3rd and 4th way to earn even more. The 3rd way is the fact that PCI ATMs lets you in on the revenue generated from the ATM. This is our way of saying thank you for letting us use your location. The fee split we usually start with is $.50 per transaction. This split can go as high as $1.25 per transaction based on a couple different factors. The factors are transaction volume and location type. The 4th way to earn even more is to change the way you accept payments. By switching to cash only, cash only tips, or politely suggesting you would prefer if they did pay in cash will help a lot!

 

Another example we have given some of our other clients, is the fact they can mention a slight discount on the product or service if they use the ATM machine. By the customer withdrawing cash from the ATM at your business, you not only earn more with the $.50 commission, but again the customer is likely to pay you more in tips when they pay in cash. The discount you have offered on a service, now turns into a higher give back rate. 

 

One more example. A haircut costs $35. They pay with card, they round up to even $40 for tip. You have earned $40. Instead you suggest they use the ATM for $2.50-$3 fee and that will be discounted off the haircut. They get out $40 from the ATM, they do the quick math and its $32 or $32.50 for the cut with the discount but only have $20s in hand. Are they going to ask you for $2.50 in change since they planned on tipping $5.00? More than likely, they will still hand you $40, so now your making $40.50 per haircut, not to mention any fees you saved by not getting a credit card fee.   

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Bottom line, you go from around $500 a month in credit card fees to around $250 or less in the above example. You have just made yourself between $3,000-$8,000 more every year. These numbers are based on averages and obviously range based on each individual location and how they use cash to their advantage. 

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With PCI's "FULL" ATM placement, the establishment does not pay for the ATM machine, delivery fee, installation cost, repairs or any maintenance costs.  This would in turn mean everything is completely complementary to your establishment to have an ATM placed in your business. 

 

This is the "TURN-KEY" system we would recommend. PCI handles everything. We will come to your facility with a pre-programmed ATM machine, install it, load the cash in your ATM, maintain it, service it, and also monitor it remotely to ensure there is always plenty of cash available for your customers. This allows you to do what you do best, run your own business and not worry about anything!

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We will also include ATM signage, ATM stickers, supplies, and in most smaller size businesses we provide QR code to well-known review companies like Google and Yelp. PCI provides all of this at no cost to you. Depending on the type of location, we can also provide custom wrapping to the ATM itself to make it stand out among other ATM companies.

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We also provide a way for the establishment to receive a portion of the revenue on each surcharged withdrawal. This can range from about $.50-$1.25 per transaction based on the amount of volume the machine is producing in your location.

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To see if your establishment qualifies for free ATM placement, and what portion of the surcharge you qualify for, please fill out our placement form by clicking the button below.

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