For more than 50 years, ATM machines have been a part of everyday life and even though phone booths and other technology from the past have become obsolete, ATMs remain.
Despite the rise of digital payment options, an ATM machine continues to be a profitable investment because of two simple reasons, an ATM machine has the best product on the planet (cash), and most people want to carry at least some cash with them on a regular basis.
Multiple Ways to Make Money
An ATM machine makes money primarily due to the fees that an operator charges consumers to use the machine.
In some cases, it’s possible for an operator to charge a consumer up to $8 just to use their ATM because the consumer pays money to use the machine, and they pay money for withdrawing cash as well.
Besides transaction fees, operators can make more money from ATMs by running ads for local businesses, and if the operator owns a brick-and-mortar store front business, they can make even more money by placing an ATM in their store as well.
What Does It Take to Get Started?
Like any business investment, a typical ATM can cost between $2,000 and $8,500 and it will require at least $2,500 or more to be continuously loaded into the machine on a weekly basis.
ATM operators also must pay fees as well including transaction fees which can range from 0.20 to 0.50 cents per transaction, but those fees can often be negotiated down if the ATM has significant transactions monthly.
Once they make the investment in a new ATM, depending on the location it can take 8-12 months before the machine is paid off but once it’s paid for, an operator can expect to earn $500 or more in profits monthly so ultimately it will be a highly profitable passive cash flow venture.
Also see: ATM Biz Start-Up Ebook©, and Suppliers Directory.