Are you looking to purchase an ATM machine to make a passive income but do not know the cost of ATM machine? In this post you’ll find complete details about the expenses associated with an ATM machine and how much is the cost of an ATM machine. Buying your own ATM also brings responsibility of periodic maintenance, loading cash and making sure it’s works properly at all times. While it’s not free to operate or own an ATM there are always an option to rent one. It’s more expensive to buy an ATM but you’ll receive a higher commission per surcharge transaction. Let’s find out the cost of an ATM machine.
The cost of an ATM machine runs anywhere between $2,200 and $3,600 on average. High-end such as built-in ATM machines are more expensive and can cost between $5,000 and $10,000. An optional cash loading service runs $35 to $60 per month on average.
How much does an ATM Machine Cost?
Table of Contents
If you are planning to buy an ATM machine for your location, the list below will give you a basic idea of the types and costs of ATM machines:
ATM Brand Name | ATM Model | ATM Prices |
Hyosung | Halo2 | $2,275.00 |
Genmega | 2500 | $2210.00 |
Genmega | GT 3000 | $3595.00 |
Genmega | Onyx | $2360.00 |
Hyosung | Force | $2625.00 |
Triton | Traverse | $2,549.00 |
TRITON | ARGO FT ATM | $14,495.00 |
HANTLE | 1700W ATM | $2,145.00 |
HANTLE | T4000 ATM | $5,415.00 |
- A basic ATM machine could cost anywhere between $2,200 to $10,000 or more.
- On average, customer pay around $2,000 to $4,000 for an ATM machine.
- An ATM machine without a dispenser and cassette could cost between $1,100 to $1,550.
- A Genmaega – G2500 ATM Machine with an 800 Note Fixed Cassette (TCDU), dial Dial or Electronic Lock and a UL291 Business Hours Vault, 8 inch diagonal 32-bit color LCD screen, High Visiblility LED Sign and dialup connectivity costs 2,210.
- A freestanding ATM machine costs approximately $2,700 to $6,500 and up.
- A Genmega built-in/through-the-wall ATM machine costs roughly $3,595 and comes with free shipping, according to the company’s website.
- A used ATM machine cost anywhere between $700 to $1500 or more. For example, a used Triton 9100 ATM machine is available for $895.
- A freestanding automated teller machine (ATM) with a color LCD, 1,000 note cassette, thermal receipt printer, and dial-up connectivity costs anywhere between $2,500 to $3,800.
- A built-in/through-the-wall Triton ATM machine FT5000 series that has a 10.4″ wide color LCD, 80mm Graphics Printer, Dial-Up & TCP/IP with SSL Ready with 13 Months Warranty costs $7,195.
The above ATM machine prices are compiled based on the prices listed at the ‘National ATM Systems’ and ‘atmmachines.com’.
There are other costs associated with running an ATM machine at your site such as:
- A phone line ($20 to $40/month)
- An additional cash cassette (approximately $100 to $500)
- Replacement receipt paper
- Cash loading service (optional; roughly $35 to $60 per trip)
- ATM vendor fees (if included, these could be around $10 to $20 per month)
Types of ATM Machines
- Freestanding ATM: It is an ATM machine which is a popular choice for a business that has enough floor space (typically two feet by two feet plus enough room for customers to stand). These machines are commonly found in gas stations, convenience stores, and restaurants.
- Dial-up ATM: Most cash machines use a 56 kbps modem to dial into an ATM processing network and therefore require a dedicated phone line.
- Countertop ATM: Countertop ATM machines are designed for those businesses that do not have enough space for a freestanding cash machine.
- Built-in ATM: A built-in, or through-the-wall, ATM machine is the type of cash machine commonly found at banks. They are typically more expensive to install, as they require construction work. If your business has heavy after-hours foot traffic, an outdoor, built-in cash machine might be a good choice (but bear in mind increased risks from thieves and the elements).
- Wireless ATM: Businesses that already have a high-speed internet connection (for a Wi-Fi hotspot or credit card processing, for example) can utilize wireless technology for an ATM machine as well. This eliminates the need for a phone line, speeds up transactions, and provides flexibility for a cash machine’s location.
Public places such as Clubs, Restaurants, nightclubs, convenience stores, gas stations, theme parks, hospitals, companies and campuses etc., can benefit from having an ATM machine installed on site. Even though the use of hard cash is becoming rare due to the rise of virtual currency such as phone apps and debit/credit cards, people still need cash at some place and for this, ATM machines are very useful. Installing a cash machine could increase profits for your business through ATM fees, eliminating credit card processing fees, and allowing customers to instantly get cash to spend at your location. This post will help you figure out if buying an ATM machine is suitable for your business and how much an ATM machine will cost you.
ATM machines installed in public locations such as restaurants, pubs, clubs etc. are a profitable way to earn a comfortable passive income. This business is very inexpensive to get into as you don’t need employees or a storefront. Your investment into the ATM machine can be paid back in less than six months. However, ATM machine does come with recurring costs such as loading cash, maintenance and a phone line.
It is easy to manage an ATM business from home at your own schedule. You do not have to go to the location of the ATM machine every day. You may have to only visit the machine twice or thrice a month, depending on usage and amount of money stocked in the machine. If you opt for a cash loading machine then that company will take care of if and cash loading service would cost $35 to $60 per trip.
If you have a full-time job, still you can get into an ATM business, since it requires very little of your time. You can get started into the ATM business for a very low cost. For as little as $2,000, you can purchase your first machine. You can stock the machine with as little as $500 or as much as $16,000+. Most customers stock their ATM machines with between $1,000-3,000. Therefore, you can get started with your first ATM machine at about $3,000.
An ATM business relies on customers that need access to quick cash and locations such as Restaurants, bars, strip malls, convenience stores, and shopping malls are a great place to start. However, it is crucial to choose a high-traffic area for an ATM machine business for maximum transactions and profitability. On average, ATM business owners make an average profit of $500 per month, per ATM Machine. Keep in mind that the more more machines you have at high-traffic areas, higher will be your profits.
(The TRUTH) About How To Start An ATM Business | $2,646 Per Month
Do you really need an ATM Machine?
Cost of an ATM machine is between $2,200 to $3,600 or more and on top of it there are additional costs as well such as maintenance, cash loading and phone line. Before you decide to buy an ATM machine business start an ATM machine . If your business meets any of the following criteria, you should strongly consider having an ATM bank machine installed.
- Customers routinely ask where the nearest ATM machine is located.
- Hundreds of people walk by your business every day and can see the cash machine itself or a sign for it.
- Your business is dependent upon cash transactions.
- Your business makes numerous credit card transactions for small amounts.
Before starting an ATM business, try to assess the costs involved. These depend largely on the type of machine. If you purchase a new unit, you can expect to pay $1,000 to $25,000 and up. The price of a used ATM is around $500 to $1,000. In this case, your ATM investment will pay off in no time. Leasing an ATM machine, on the other hand, costs only $40 to $100 per month plus an installation fee of up to $200.
Bizfluent.com
Everything about the ATM Business Model
The ATM business model is not that simple as it seems because it’s a split between three parties, the ATM owner, the processor and the vendor location. The processor could be a bank and for each transaction it charges a which could be 20 cents to 50 cents or more. The transaction fee varies from bank to bank and sometimes you can negotiate with the processor if there’s a significant volume of transactions each month.
If you are planning to install an ATM machine at your own location then you can expect much better profit each month but if the location is owned by someone else then the vendor will also have a share of your profits. However, you can negotiate with location owner where you want to install your ATM machine for a percentage of the revenue. However, the fee is entirely dependent on your negotiating abilities and the contractual agreement you have in place.
An ATM machine usually could pay for itself in in six to eight months. ATM Machines earning several hundred dollars on average are common, while high-traffic locations make much more profits every month but on average an ATM machine makes $500 a month.
How much money can you make owning an ATM machine (ATM Machine Business Profits)?
On average ATM processes roughly 120 to 180 transactions per month. The ATM machines may only be used 2 to 3 times per day, which would be 60 –to 90 transactions monthly. Let’s say your ATM happens to be in an area where the average fee to use the ATM is $2.50. Using just the surcharge alone your ATM would earn $450 per month. As of 2013 the national average surcharge is closer to $2.50 or $3.00.
So, let’s do the math here. If your ATM does 3 to 4 transactions per day you could earn between $180 and up to $360 or more per month. If your ATM falls in the average usage of 6 to 7 transactions per day, and you charged $2.50 you would earn between $15 to $17.5 per day, at $3.00 you would earn over $20 per day or between $360 to $600 per month.
We hope the above post will help you decide whether to start an ATM business or not and by now you must be having a clear idea about the cost of an ATM machine.
What is Product Line Pricing Strategy?
How to use booklets and Brochures for Marketing?
Guide to launching Online Business
How Small Businesses Survived Pandemic?
What Employees Want in a Job Offer in 2023?
How to Retain Patients for Dental Practice
How to get online reviews from customers
Cost to open Anytime Fitness Franchise
How to write electrical contract?
Los Angeles Home Improvement Cost
Cost Comparison Resurfacing vs Revamping driveway
Sunbelt Rentals, Equipment Rentals company U.S.
Asphalt Driveway Cost vs Concrete Driveway Cost
Note: If you are a General Contractor, Heavy Equipment Manufacturer or an Equipment Rental company then join Advanton and advertise your Contracting Business or Equipment Manufacturing company to thousands of Residents across U.S. and generate Leads. Build a Great online presence with a free small business website & business emails.
Leave a Reply