Definitive Guide to Investing in ATM Machines

Investing and maintaining an ATM machine can be a good source of income for someone who is able to tap into its full potential. This can also work like a passive income stream for some individuals who are looking to get some additional amount of money. To the folks who are interested to buy an ATM Machine to start an ATM business, we have done some quality research to help you in selecting a refurbished ATM machine or a brand new one.

As an owner of an ATM business, you are investing in ATM machines, finding spots for its installation and then filling them up with cash and earning some amount of money every time a customer withdraws money from your ATM machine. Once the money goes out from the ATM, it is again deposited into a bank account of your preference on a regular basis (most opt for the daily plan) along with the surcharge fee. A small percentage of the surcharge fee is generally paid to the merchant as a commission or split. Additional revenue is generated on each and every ATM transaction in the form of interchange. All the machines that belong to you can be assessed online with the help of a portal. This portal can help you view real-time information about the exact amount of cash available in each machine and how many transactions and fees have occurred for a given time-period.

While we talk about ATM parts and replacement costs, most of the newly designed ATMs come with 2 years of warranty on parts an equipment, and most repairs can be easily handled with minimum level of knowledge on ATM repair and technology skills. Some of the most essential parts of an ATM machine are: shell, topper, safe, lock, dispenser, screen, modem board, and power supply.

Investing in a used ATM machine is a much more better idea than buying a new one, this can save you a lot of money. Given below are some tips when buying used ATMs.

• Check the compliance of the ATM machine before you sign the deal. The machine needs to be compliant with the current industry standards.

• Know before you buy if the used machine you are going to invest can be upgraded or not. If it’s not up gradable, chances are your customers won’t be able to enjoy a lot of benefits in the future.

• Check the age and condition of the ATM machine. As a general rule of thumb, buying an ATM which is more than 10 years old is not a good idea.

Consider this post and make use of LD Systems to buy a used ATM machine.

Author: The author is a blogger and the article is on ATM machine guide.