Just a few short years ago, experts forecasted the digital space as the future. This prediction has come to pass, with the internet influencing every aspect of human life, from education, transport, and entertainment right down to professions. Work used to be synonymous with offices and the 9-5, but more and more employees are now working away from home or telecommuting to make the most use of their time.
This means that more and more people are choosing to work in places like coffee shops and even bars. If you own an establishment like this, you’d want to make sure that these people spend time and money at your business. One of the ways to help increase your revenue while enhancing convenience for your customers is by installing an ATM inside your Denver establishment.
More Foot Traffic
Even money is digital now, with more people relying on their ATM cards instead of bringing cash with them. This translates to more people needing ATMs to get money and pay for their purchases. Having an ATM inside your establishment is a great way to attract these people, and the chance to make a sale.
Studies show that people spend as much as 25% of the amount they withdraw right in the same store the ATM is in. Combine this with more foot traffic, and you might be looking at significant increase to your revenue. As a bonus, there’s also a transaction fee that customers pay when they use an ATM, the amount of which goes to you, giving you an additional revenue stream.
When customers pay for their purchases with debit or credit cards, merchants also have to pay fees. While these fees can be small—since they are relative to the purchase amount—these can really add up and subtract from your bottomline. With ATM machine inside your business, cash transactions will increase instead of credit or debit cards, reducing the fees you need to pay.
Once a customer enters your establishment, you want to keep them there. But if they run out of cash and there’s no ATM in your place, chances are high that they’ll leave to make a withdrawal. Once they do, they might change their mind about working there and choose another establishment instead. Having an ATM right inside your business helps prevent customer loss.
The digital age has brought tremendous benefits to various industries, and entrepreneurs would do well to embrace this shift. Look for an ATM for sale in Denver and grab the chance to grow your business as well as improve the quality of service for your customers.
Importance of ATM Machines in a Small Business, smallbusiness.chron.com
Importance of ATM Machines in a Small Business, yourbusiness.azcentral.com