If you’re looking for better ways to entice passersby to enter your store, having an ATM may be your best bet. After all, most people are reliant on these machines, and having one inside your store can bring convenience for them. In fact, they may stay inside your store for a while, or even make a large purchase.
It’s a win-win situation for you and your customers: you experience an increase in sales and revenue, while your customers get the cash they need to make a purchase. If you’re interested in investing in an ATM, it’s best to learn more on how it can help your business grow.
An Additional Source of Revenue
Purchasing an ATM means you have the power to set the transaction fee that your customers are charged. Collectively, these fees go to you, thus giving you an additional stream of revenue.
Lower Credit Card Fees
As a merchant, you’re aware on the fees you’ll have to pay when making a purchase with your debit or credit card. By having an ATM, you experience an increase in cash transactions, thus reducing the number of your debit and credit card fees.
Companies like Triple Gem ATM, on the other hand, offer ATMs without monthly fees, unlike credit card companies. In fact, you can even pay off your ATM in less than a year, thanks to all the fees you’ve saved.
Machines can also break down, and ATMs are no different. You don’t have to worry about shelling out a lot, though, for the time and money you’ll have to spend on ATM maintenance is minimal compared to the income it generates.
Opportunities to Make a Sale
According to some studies, ATM users tend to spend up to 25 percent of their withdrawal in the same store where the ATM is located. Having an ATM alone is enough for people to enter your store, thus giving you an opportunity to entice them in making a purchase.
People opt to go to establishments with an ATM because they’re confident that they can easily have cash to pay for their purchases. They may even go back to your store more often, knowing that they have a convenient way to get cash.
Invest in an ATM today, and see your business grow in no time!