Expand Your Business with Advanced ATM Solutions
Out of the various technological advancements that have helped mankind indulge in better and faster execution of tasks, ATM machine is a prominent one. Today, irrespective of whether you are out on a trip or on a shopping spree, carrying a lot of cash in hand is no longer a necessity.
While advantages of ATM machines and the ATM solutions are many for individual users, the solutions are actually quite lucrative for business owners as well. If you own a store or a small business, getting ATM solutions and having an ATM machine in place can bring you more benefits than you can ever imagine.
In fact, the ATM machine right at your store can turn out to be yet another profit centre itself. So, how does the solution precisely help your business? Let’s try to understand with the help of the following points.
Significant Increase in Customer Foot Traffic – The easy availability of ATM machines these days has led to many people being very casual about how much cash they carry. As such, an individual might often visit an ATM several times in a given week depending on his cash requirements.
When you have an ATM machine at your store, you can be assured that there will be so many people coming to your store for using the ATM. And once they have used the ATM machine, they will naturally be inclined towards taking a look at your store unless they are too busy perhaps.
Consequently, as a business owner, you will see profits coming from the conversion of these visitors to the ATM to potential customers of your business.
The good news is that even research shows that people will use 20-25% of their withdrawn money at the store in which the ATM was located.
Ease of Payment Leading to Increase in Sales – Think of the above mentioned situation in a reverse order now. Your customers have shopped at your store and they want to buy something more as well but are unable to do so because of lack of cash and reluctance to use credit/debit cards for a small additional purchase. In most cases, they will buy no further.
On the contrary, if your store has an ATM machine, making a payment is no problem at all and having this in mind, your customers will feel the urge to buy more.
Revenue from Surcharge – Every time your customers use the ATM machine, you get a transaction fee or surcharge of around $2-$3 per transaction. The surcharge is often higher depending on the type of transaction involved.
So, as an ATM owner, you can earn a maximum of up to $1000 per month especially if your store is located in one of the higher-traffic locations in a given city. With this additional money earned through ATM, you can expand your business in the desired direction and concentrate on other necessary activities for its growth.
Thus, getting ATM solutions for your business from a reputed provider helps you attract more customers, retain them, earn revenue and at the same time, make life convenient for them.
Category: Banking
