Start An ATM Business

This s a complete guide to starting an ATM business. We include the costs and the description of the process in a step by step approach.

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How Does An ATM Business Work

ATM businesses own and supply ATMs for public use, making their money off the ATM fees that customers pay. This business model involves three parties: The ATM owner, the owner of the venue where the ATM is installed, and the ATM processor, which processes the paperwork that keeps the ATM functioning. Those three parties share the ATM processing fees. ATM processors may have network accessing fees per transaction, while venue owners usually receive $0.50 per transaction. With ATM fees ranging from $1 to $8 per transaction, the ATM business/ATM owner receives the rest of the ATM transaction fee.

An ATM business will first locate a good location for an ATM and will negotiate with the property owner. Once an agreement is reached, the ATM business will buy and install an ATM and load the machine with cash. Most ATM businesses load additional cash into the machines daily.

According to Allied Market Research, the global ATM industry held a valuation of $20.58 billion in 2019. It’s predicted that the industry will experience a 5.2% growth from 2020 to 2027, reaching a valuation of $30.50 billion in 2027. Current key players in the industry include Euronet Worldwide Corporation, Hess Cash Systems, Source Technologies, Triton Systems of Delarae LLC, and more.

Industry Statistics

Total number of ATMs in the US- 425,000 (source-National ATM Council)

Independently owned ATMs deployed- 222,000 (source-National ATM Council)

Average ATM fee/Convenience fee- $2.77 (source-National ATM Council)

Average commission payment-$.50-$1.00 (based on my analysis of 100+ portfolios and 10,000+ locations)

Average interchange net income-$.10-.20 (based on my analysis of 100+ portfolios and 10,000+ locations)

ATM Business Profit

It is possible to make a good amount of money from an ATM business. When you’re just starting out, you will want to undergo a modicum of trial and error to get your business model just right. But with an ATM business, you have a low overhead and many opportunities for growth.

As long as people use your machine, you will make money. Getting people to use your machine is the hard work that you have to do once everything is set up. But once you do, you should expect to be making at least $450 monthly gross revenue. That’s 180 transactions a month at $2.50 each.

You can expect 40%-70% annual ROI from any location that warrants 80-100 transactions monthly. To make $1,500-$2,000 monthly in profit, you would need to own and operate 5-10 ATM machines. This is certainly possible if you can establish an efficient routine with your first machine and find optimal locations for subsequent machines. 

Is The ATM Business Dying?

Many factors are driving the predicted growth in the ATM industry. The 24/7 availability of banking services that ATMs facilitate is a major advantage that drives their popularity. ATMs are no longer cash dispensers but instead have more features and capabilities, including deposit and bill transfer capabilities, allowing banks to provide more comprehensive services at all hours.

Many trends are affecting the ATM industry. According to ATM Depot, many old ATMs are currently being replaced with new models. These new models have greater capabilities, including mobile pre-staging, dynamic branching, video banking, and contactless transactions. Equipped with touchscreens, new ATM models appeal to a younger demographic.

These newer ATMs also offer ATM owners the chance to personalize the ATM with marketing messages. Personalized messages and season-based marketing mean that ATM owners can potentially increase their profits by selling products and services to ATM users.

Smart ATMs are also on the horizon. These ATMs are capable of an even greater range of services, including multi-currency cash dispensing, loan repayment, bill pay, ticket dispensing, and account opening. These services can reduce staff costs for banks, delivering customers with unparalleled convenience and new options. As they become more popular, having a smart ATM could help a bank to win business over a competitor without this smart technology.

Other technological improvements will make ATMs more practical and safer. Solar and wireless machines will be able to operate in locations that aren’t currently ATM-accessible. Security features like cardless transactions will also help to protect customers and banks.

Costs Of AN ATM Business

Overall, you can expect to pay about $3,000 to $4,000  to start an ATM business. These costs are divided between the cost of the machine itself, internet connectivity, cash reload fees, and relevant vendor fees. Depending on the location and type of machine you get, you may end up paying upwards of $10,000 to get your ATM business off the ground. 

We analyze in this article, with much more detail the costs of the ATM installation and setup. Also, we study the monthly expenses usually required.

ATM Business Pros And Cons

If you’re considering installing an ATM at your place of business, there are several benefits you can expect. Chiefly, if you are a cash-only business, having an ATM machine onsite allows your customers to withdraw cash so they can pay you for goods or services. Additionally, you reap the benefit of an extra commission.

Other benefits include:

  • Increased revenue: Revenue could increase because of the commission you earn on each transaction as well as from new customers who are entering your establishment to use the ATM. 
  • Reduced credit card processing fees: Businesses with ATM machines located inside their shop receive more cash payments compared to businesses that do not. By putting an ATM machine inside your store, you can drive down credit card processing fees. 
  • Convenience: Providing your customers with an easy cash option inside your business means you’re providing them with a convenience.

  • Flexible plans: ATM machine companies often help with marketing and will allow you to buy or lease your machine, depending on what works best for your business. There are short-term contract and cancel-anytime options, and some companies help you with marketing the ATM.

ATM Business Start Up

Full Service

A full service ATM is where you purchase the ATM, install the ATM and vault the cash with your own capital.  You could also outsource the service and vault cash to a 3rd party.  As the owner of the ATM, you are also responsible for maintenance and all service on the machine.  With full service accounts, you determine the amount of the surcharge fee with the merchants approval and pay the merchant a split of the commission.  This can be a fixed amount, such as $100 per month, a flat portion of the surcharge such as .50-$1.00 or a percent of the surcharge fee based on the number of transactions.

If you don’t want to buy an ATM or worry about maintaining it, you can participate in a full-service program where a retailer maintains it, but this costs money.

“The ATM is put in a retail location, then cash is loaded,” Daniel said. “The largest cost associated with this is rent to the retailer. The rent is usually a percentage of the service charge. That is the retailer’s ‘rate’ or ‘commission.'”

Processing Only

Processing only accounts are where you pass the initial costs of the ATM along to the merchant and you set up the machine for them.  This could include the initial installment, processing and arranging the merchants banking information to your processor.  In this scenario you would be making the interchange income only.  Depending on who your processor is and how much volume you have throughout your portfolio this amount can be variable.  The number can vary from zero up to .25 cents per transaction.  If you buy or develop a route with a good volume or you can arrange a good processing relationship with an ISO (Independent Sales Organization), see glossary. The difficulty in arranging processing locations is finding merchants looking for and willing to pay for the cost of the ATM as well as maintain the ATM. Lease options are available although they are not great investments for anyone as they often end up costing 3x the cost of a machine over a 5 year period.

Service + Processing

This is a mixed strategy where you would sell the ATM to the merchant but offer some type of service agreement to maintain the machine, not to include vault cash.  Essentially the merchant would load the machine with cash you and would be responsible for maintenance when the machine needs service or repair.  For a small transitional fee or a fixed monthly fee, some ATM operators find this to be a compelling case.  The fee for maintenance is purely up for negotiation between the ATM business owner and the merchant.  I have seen successful ATM operators charge .05 cents per transaction up to .25 or 30 cents per transaction.  The ATM business owner is also making interchange income so with a strong volume location a service + processing deployer could make a good income. The expenses and overhead in this scenario would need to be considered. I have seen service plans set up as a multi-year warranty, with some deployers guaranteeing service and parts anywhere from 3-5 years.  Keep in mind most new ATMs come with an initial 1 year warranty on parts.

Starting An ATM Business

First, just as you would before considering any business endeavor, do your research on the market, including how big the market is, who the major players are and how you would fund your business. 

In addition to the above considerations, here’s a list of general steps to follow as you begin your ATM machine business journey: 

  • Consider the startup costs. This includes office space, ATM machine purchases, legal or business creating fees and staff fees. 
  • Make a list of retail locations well suited for an ATM. This includes places like gas stations, bars and convenience stores. These locations are your target customers.
  • Sell or lease ATM machines to interested business owners. As you talk to retailers and small business owners, negotiate the best deal possible, and keep in mind your costs, especially if you are providing a full-service arrangement.
  • Install the ATM machine. Once the machine is installed, load cash in machines and start collecting your fees. If you are using a full-service model, you’ll need to regularly service the ATM machine to ensure it is fully operable. 
  • Grow your business. Expand your business by finding new locations and providing them with ATM machines. As your clientele grows, so, too, will your workforce, as well as your inventory of ATM machines. 
  • You would locate good retail locations such as retail shops, salons, convenience stores, bars, malls, and nightclubs.
  • You would negotiate an agreement to provide an ATM.
  • You would buy an ATM machine.
  • You would install the machine. The ATM will work on internet line, phone line, or cell system.
  • You would load cash in the machines. Every time a customer withdraws cash, you collect the transaction fee which is known as a “surcharge“. The average surcharge fee is around $3.00 nationally..

Free ATM Placement
Does operating your own ATM machine sound a little overwhelming and time-consuming? We also provide a free full-service ATM placement program for qualified locations. The location owner would still share in a portion of the surcharge revenue, but we would be responsible for filling the ATM with cash and handling repairs. This free ATM placement program is available for location owners only.

This program includes

  • Free customer support
  • Free on-line monitoring
  • A personal account manager to deal with the details
  • Optional installation services (if required)
  • To get started in the ATM business, you will need approximately $5,000 to purchase an ATM machine and load it with cash.

For more information about starting up your own ATM business, fill out the form below. Please note that the ATM operator and site locations must be based in the United States.

ATM Business Step-by-Step Guide


Most people getting into the business want to know how much capitol they need to get into the ATM business. The ATM business is a very inexpensive business to get into. With an ATM business, you need no employees or a storefront. It requires a very low start up cost. Your investment into the ATM machine can be paid back in less than six months. You can manage your ATM business from home at your own schedule. You may only have to go to the location of the ATM machine once or twice a month depending on usage and amount of money stocked in the machine! You can also own an ATM business, while still working a part-time or full-time job since it requires so little time! You can get started into the ATM business for a very low cost. For as little as $2,099, 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 for about $3,000. THERE ARE NO FRANCHISE FEES! You can pay off your ATM machine in the first six months or less, and everything from then on is a profit. ATM machines can last as long as 7-8 years or more, allowing you to be collecting money off of the ATM for many years. At ATM Money Machine we suggest you start with one or two machines, and build your ATM business up from there. You can gain a good understanding of the ATM machines and how they work, and then expand your business!


Your first and most important step when getting into the ATM business is finding your location. Many people ask, do I have to own the business to place an ATM machine there? You do not! All you have to do is approach the business owner and see if they’re interested in having an ATM machine inside their business. Some reasons why a business owner would like a machine in their business is to lower their credit card costs, see more cash being spent, as well as to attract customers into their business just by having an ATM machine on premises. They have no responsibly of the ATM, yet get to reap all of the benefits! With credit card costs being so high, most business owners would rather see cash being spent. By having an ATM machine on premises, they will see cash being spent rather than having to take plastic! Therefore, they will see lower credit card costs and more cash spending! Many people ask what type of location will do well? There’s no specific location that will do well, rather the foot traffic is the main aspect to look at when trying to find a location. Anywhere from 4-6% of people walking through the door each day will use the machine. Therefore, as an average, if there are 100 people walking through the door, that machine will get 5 uses a day. You want to find a business that averages 200+ people a day. If the business sees 200 people a day, you’re looking at about 10 uses a day (300 a month) and if you’re charging the national average surcharge amount of $2.66, that’s a $798 profit each month!


When placing an ATM machine in a business, some owners of the business would like a part of the surcharge. Being that the business owner sees all the benefits of having the machine there (more cash being spent, lower credit card costs, increased cash spending, etc) you have some room to negotiate to ensure you get the lowest possible rate. Some business owners simply want the machine there, and don’t want any of the commission. At ATMMM we suggest you pay based on a sliding scale. For example, for 0-200 transactions, pay them .25 cents. For 201-400 transactions, pay them .45 cents. For 401-700 transactions .50 cents. For 701 and above, pay .75 cents. This way, you’re protected regardless of how many transactions the ATM does!


All ATM machines must be connected to the processing server. There are a few options as far as connection goes. Most businesses have internet in their business, and the machines can connect to this internet saving you any monthly fees. You would need an Ethernet jack by where the machine is going to be placed, or an open port on the modem with the cable line run to where the machine is going to be placed. Another option is a phone line. You would have to have the jack within 3 feet of where the machine is going to be placed. If a phone line or internet connection isn’t available, you can purchase a wireless router that creates it’s own wireless internet. All three options work the same. The phone line or internet line must be run PRIOR to the installation being set up, as the ATM technicians do not run lines.


Once you have your location, and are ready to purchase your machine, there is some paperwork that has to be filled out. We also need a copy of a void check for the account you want the money to be recycled into. The paperwork will give you your own unique merchant ID, which allows you into the processing server. Once all your paperwork is filled out, you’re now in the processing network and can own as many machines as you’d like


Once you have completed steps 1-5, you’re ready to purchase your first ATM machine. You have to have your location prior to purchasing the machine. The lease option does not apply when you are getting into the ATM business. There are numerous different machine options, with varying aesthetics. We suggest you pick the machine that will best fit in with the business. We offer both stand alone ATM machines, as well as thru the wall ATM machines. Thru the wall machines are significantly more expensive, and are only suggested when it’s a very high volume location for walking traffic. 99% of the time, a standalone machine is what is suggested. We carry all the major manufacturers of machines, and can help suggest a good fit for a certain business. We do suggest that you stay with the same manufacturer for all your locations if possible, as it will make things easier for you


The ATM machine will be shipped directly to the location of where the machine will be operational. A service technician will program, install, and train you on how to work your new ATM machine. We will provide you with this technician. The pricing ranges from $349-450 depending on the location of the business. The technician will program the ATM machine with all your banking information, as well as what you’d like displayed on the screen and receipt. The technician will also set your surcharge amount you selected. The installation and training should take 1-3 hours. The technician will show you how to operate your machine, as well as how to stock it with cash and receipt paper.


Many people want to know how much to stock the machine with, and there is no correct answer to this question. Most machines hold between $16,000-$20,000 in 20s. However, most people don’t put nearly this much into the machine. We usually suggest a minimum of $1,000 in the machine. The more money you put in the machine, the less you have to go back to refill the machine. How the cash works is as it’s taken out of the machine, it’s automatically wired right back into the bank account you set up with our company. If it’s taken out before 3pm, it will post tomorrow morning, after 3pm it’s the following day. So that cash is always recycling through. Therefore, the smaller amount you stock the machine with, the more often you’ll have to take that cash out back out of your bank account and restock the machine. We do set you up with a website where you can monitor the machine, so you can track how much cash is left in the machine which will ensure that you never let you machine run out of cash.


Once the machine is up and running, next comes the easy part! You can sit back and relax, and monitor your machine from home. When the machine gets low, simply re-stock it with the same cash. You can also monitor your surcharge from this website, so you know how much you are making off of your machine! Your next step would be keeping your eye out for a new location, so you can build your business up even more!

ATM Business Requirements

Cash Flow required

There are many sources online which tell you that you can make $500 per month or more from each ATM. Most of the time, these estimates are much too high. My recommendation is to do your homework and count on $250-$300 of income on the higher side. $150-$200 on the low side is a safe bet. Make some calls, talk to merchants and be conservative with your income estimates in the ATM Business.  If you are looking to start an ATM Business, we can guide you in the right direction in regards to buying ATM machines and helping you to find locations, go here for more information-

You will need cash to load the machines on a rotating basis. You should count on at least $2000 per week per terminal. If you plan on deploying 10 terminals you will need at least $20k of working capital to service the machines if not more.

Form a legal entity

The most common business structure types are the sole proprietorship, partnership, limited liability company (LLC), and corporation.

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your ATM Business is sued.

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services. You can choose to hire a registered agent or act as your own.

Setting up a bank relationship first

With operation Chokepoint and other issues in play, you should contact your bank or locally recommended banks and make sure they can support the needs of your ATM business. Some banks will not support the ATM business at this time so make sure yours does.  We can assist you in navigating how to get a bank which will support you in the ATM business.

Set your margins high

Be careful when negotiating your surcharge fees and your commissions to your merchants. Don’t give away too much of your margin. You need to know the market and understand what is expected but at the same time not give away too much. If you set your margins correctly out of the gate you will be much happier with the income in the long run.  

have signed contracts

If you plan to sell your locations or defend your ATM location, you should make every effort to get signed agreements with all of your merchants. I have seen many operators who run their ATM business without contracts and when its time to sell, the valuation is eroded. You will also have nothing to stand behind if the merchants decide to have your ATM removed or allow a competitor to come in. Bottom line is, get signed contracts.

Location And Placement

Make sure you don’t spread your locations too far from your home base or each other. Choose a territory wisely and do your best to stick with it. The further out your locations are, the more your time and service costs go up. A tightly knit route of machines is far more appealing to buyers as well.

Machines and locations where a complete replacement is a requirement may make good targets for marketing. As 2016 approaches the deadline becomes closer, October of 2016 and October of 2017 are the 2 deadlines for acceptance of the EMV standard and fraud liability shift..

Here is a guide with make/model upgrade or replacement costs for EMV.  If you are able to target locations where non EMV upgradeable machines are located, you may have some luck replacing those machines if merchant owned or out of service and potentially abandoned by another provider.

Mobile Locations– Mobile locations or events are good ways to make additional income if you are up for the extra work involved in these events.  Many ATM operators are not interested in the mobile events and therefore many of these smaller events can be open.  Look for larger events in your area such as farmers markets, fairs, sporting events, music events etc. You can also typically charge a higher fee on these transactions of $3.00-$4.00 or more depending on the event and the value of the cash on site.  If you can find one, two or tree day events where you are seeing 100+ transactions per day, this can be a compelling strategy.

What is needed for an installation?

1-Power-Somewhere to plug in the machine- ATMs are energy efficient in case someone asks.

2-Communication-The ATM requires a phone line, Internet line or wireless device to connect and handle transactions.

a-Phone line-You can utilize a dedicated or spare phone line, fax line etc. Even the busiest location will only use the line 10-12 times per day for 30-60 seconds per transaction. If the client can install a dedicated phone line and pay for the cost, the machine will function well with this set up.

b-Internet– If the merchant has internet and a router, you can run a internet line from the router directly to the ATM using ethernet cabling.

c-Wireless– The 3rd option is wireless, this is typically the worst-case situation as there are additional costs of $15-$20 per month. If you can, attempt to pass this cost or a portion of this cost through to the merchant.

3-Space How big is the ATM? Check your pamphlet for specs most are 50-56 inches high, by 15-18 inches wide by 22-25 inches deep.

4-Security concerns What if someone tries to steal the ATM? Ask them if they have a security system. Let them know the machine will be bolted to the floor, into the cement if possible. Theft is rare although it can happen.

5-Contract- here is a Sample Contract. The main focus in your ATM placements should be getting into the location and to try to attempt to get the installed and ATM on location.  You can approach the contract whenever you have a comfort level.  If I felt pushback against signing a contract I would wait and just get the machine installed and get the client their first check before even approaching.  The easy way to phrase the contract is to say ‘lets have some type of agreement in writing that we are the ATM owner and we are paying you/ the merchant a split of the fee’. Preferably get a 3+ year with auto –renew contract in place.  Again if the merchant will not sign a long-term contract, just get a 1 year agreement or any type of agreement in writing that you are the ATM provider.

See the Startup Checklist for a complete listing of tools required to install an ATM

11-Marketing and Advertising

The best and cheapest way to find locations for a start up ATM business owner is through cold calling.  Here is a link to a one page sample marketing/ad which you can drop off at potential locations.  My typical procedure was to print this out along with the spec sheet of the machine I was installing at the time along with a business card.

Sample one pager, please feel free to use this sample to create your own basic one page marketing materials to drop off to potential locations.  I used this same sheet to find 300+ locations. Along with the one-page marketing and the spec sheets you should also be sure to have a business card with your name, email, phone number and business name.

If you are considering more enhanced advertising such as a website or social presence, just be sure to get the basics out there.  Online competition for ATMs is very strong and it will be difficult to have your website stand out against all of these national and regional competitors although it can be done.  If you are looking for these types of services, check with me for additional help.

12- Contracts

A contract is typically signed between the merchant the owner of the ATM.  The key items which you should make sure to include are a term or length of the contract, statement of ownership of the ATM and payout schedule whether a percentage, flat rate etc. of the surcharge.

Sample Contract please feel free to utilize this sample contract and consult an attorney with any detailed questions.

Contracts are very important when you decide to sell a portfolio. Upon starting and building your ATM business contracts may not seem important although as you grow you will want to ensure that you have contracts in place.

Term– I prefer to write contracts for 3 years with some type of auto renew clause as long as that is legal in your state, please consult with local attorney before proceeding with auto-renew contracts as they may not be enforceable or legal in the state you reside.

Statement of ownership– Be sure your contract states that you are the owner of the ATM if you indeed are the owner. This will protect you in cases where a merchant sells a location to a new owner and an attempt to claim ownership could be made.  This will also protect you in cases where a merchant either goes out of business or the business is shuttered for some reason.  You will want to make sure you can prove ownership of the machine in these cases.  This is also an easy way to tell the merchant that you need something on paper.

13- Banking and capital requirements

Banking in the ATM business has become a larger concern with some governmental regulations which did not necessarily target the ATM business although have had some effect.  I would advise you to engage with your local bank and ask them about supporting an ATM business.  They will likely have several questions for you around your cash needs.  This can be calculated based on your projections.

Capital requirements- Based on my experience I would calculate your cash requirements in this manner.

Take the number of projected transactions.  After analyzing data on thousands and thousands of ATM locations, I will tell you the average number of surcharge withdrawal transactions across the board is anywhere from 100-150 transactions per month.  Of course, some locations are much higher with 300+ transactions and some can be lower with fewer than 100.  Unless you are receiving 100% of the surcharge and your fee is set high, a location with less than 50 transactions can be tough to make a good income on.

Given the 100-150 total monthly withdrawals, I have also seen a national average of around $70 per withdrawal.

Given these 2 averages, your capital requirements are going to average $7,000-$10,000 per month.  Projecting a weekly cash load this type of machine will require around $2000-$3000.  I think planning on $2000-$3000 per location, per week for vault cash is a safe bet.  If you run into a unique location or a very high volume location, you will need to up the number although the $70 per withdrawal is a good number to use.

3rd Party/Armor Truck costs

Here are several costs to continue when considering the outsourcing of the cash vault services

Cost of cash– cash loans are available for 3-4 points over Prime Rate depending on the volume of the portfolio and the provider along with a several other factors

Insurance– $25 insurance on vault cash per location

Additional fees– .03-.05 cents per transaction for cash management

Cost of armored courier–  approximately $65-$85 per trip

ATM Processing

ATM processing is the function the processor handles for your ATMs.  These are the companies that handle the transactions, movement of funds and electronic transactions as well as give you access to your terminals online and handle the network and banking transactions.

The processor will give you real time information and access to reporting of all of your terminals from your PC, tablet or mobile device

 we can offer you processing and help you set up installation of your first unit depending on your area of the country and service coverage through ATM service providers

Installations costs vary between $200-$500 depending on the location and the complexity of the installation, running wiring for internet/phone or electrical will typically run you more.

Interchange net income should be anywhere from $.10-.20 per withdrawal transaction depending on the total number of transactions.


Phone– ATMs can be connected to regular dial up phone connections although digital phone signals can be tricky so I would avoid them.

Internet– ATMs can be hardwired via ethernet/CAT5 cable straight to the machine, this is the most effective and least expensive option.

Wireless– Many operators use a wireless option where a phone line or internet hardwire is not an option to connect ATM machine. ATM Brokerage offers wireless service through our preferred network, call or email for costs.  Wireless ATM link up are enabling some features via the ATM link that were previously not capable and I expect this innovation to continue.

Service and installation

I believe its best to learn how to repair and maintain your own machines for lowest cost solution. Later in this guide we provide you with all the information you would need for installation and tools required and a basic knowledge of the setup requirements.

Vault Cash providers

Self Vaulted- This is where you load your own cash or borrowed cash into your own ATMs.  See ’13-Banking and Capital requirements’ for more information. 

Outsource to 3rd party-These are 3rd party companies who will deliver cash to your machines for a cost, typically billed out on a ‘per drop/delivery’ basis or per transaction basis.


Insurance is available for ATMs and the cash inside the ATMs, please consult with AS Risk

Location Types

I prefer to group ATM locations into 2 basic tiers.

Tier 1-These can be described most simply as locations any independent ATM deployer would target. Most of these locations will already have an ATM, the merchant will know about the ATM business and expect income and split from the ATM surcharge. These will be tough locations to find and secure but with a good effort and a bit of luck they can be found.

The idea here is to look for foot traffic and a captive audience that would use an ATM. The traffic and the audience and location do matter. For example, some very large ‘sit down’ restaurants have a ton of foot traffic although payment is made from the table and these places usually don’t need ATMs. On the other hand high foot traffic tourist area or very busy take away restaurants can make very good ATM locations.

Convenience Stores

These are obvious and most every one has an ATM. Look for independently owned. Forget about large chains; try to eliminate them during cold calling as not to waste time

Concert halls/music venues/Entertainment complexes- Depending on the foot traffic, these can be very good locations.

Strip Clubs- Fairly obvious captive audience and if foot traffic is there, these are very good locations.

Hotels– Large hotels with more 250+ rooms are great targets. Independently owned/non corporate hotels are ideal targets

Bars/nightclubs– These are good targets in the current ATM marketplace.   Owners of these establishments are looking to lower their credit card costs. The easy pitch here to a bar owner is to give them an example of card use.  A customer walks in, orders a single drink and wants to pay for it with a Credit card. The bar owner  makes little money on this transaction and he or she knows this. The ATM in this establishment can help set minimums and force customers to pay cash for single drink orders. Cash payments lower credit card costs and potentially the owners tax burden.

Cash only- Any cash only restaurant, bar, convenience store or otherwise is an ideal ATM location.

Tier 2 – These are as lessor known locations which are typically non-corporate and tend to be locally owned. Some of these locations are not obvious targets for national deployers of ATMs.   Larger ATM operators see them as lower volume and not locations worth their time but for the smaller owner/operator these can be great locations.

Other good locations:

Bars/Taverns/Sports Bars

Hotel/Motel- Smaller than 200 rooms

Bowling Alley

Smaller Amusement Parks/fairs

Office complexes, 500+ people


24/7 Diners

Hair Salon/Barber- cash only or very busy locations

Liquor Stores, especially if they have convenience items, alcohol, lottery, cigarettes etc.

Movie Theatre

Nail Salon

VFW, American Legion, Elks Lodge etc., often are cash only

DMV- These can be cash only although difficult to negotiate state/government contract and slowly migrating in credit card acceptance

Fast Food/pizza and or mom and pop independently owned restaurants

Travel Stops

Tourist attractions

Outdoor installation near high traffic areas

Chinese Buffets

ATM Machines Business: Making It Profitable

Finding Locations

During my years of successful locating I used multiple sources to start locating and eventually with a 10-20 location route, referrals would come in from existing customers. Getting started from scratch requires more creative thinking and I can walk you through the way I found 300+ highly profitable locations.

The first thing you are going to want to figure out is a good call list from where to target your locations.

Here are a few options of list finding:

You can create a list from something simple as google search or the ‘search nearby’ function in google maps

Yellow pages or other business directory

Where else to look for leads

Liquor License Listings/applications

Take a look under your local liquor board hearing archive. This typically lists all the places applying for liquor license and often has the name, address and a contact name.  This was one of my best resources as any new place serving or selling alcohol needs an ATM and they prefer to get one in advance of opening.

By looking through these lists you can also stay in the loop for businesses, which are selling, and this is an ideal time to see about ATM placement as the former owner could own the machine or be servicing and new owner could want something different.  Either way it’s a good place to be on top of ownership changes.

Sales Reps

Try to connect with Beer reps, liquor reps, red bull reps or anyone other reps who are in your target location selling and servicing as they always have first notice of new ownership, new places opening etc. as the owners of these places call them.  If you offer referrals they can be good resources if you find the new locations for ATMs. If you are targeting hotels, attempt to connect with the sales reps that are servicing these locations.

Credit Card or Merchant Service reps

Just make sure they are NOT in the ATM business. If they are selling credit card processing you can trade leads etc.

Cash only places

Target these, as they are great locations if you can get them. Most likely will have ATM. Some Chinese buffet and Diners are surprisingly good ATM locations when they are cash only

YELP, is a great resource to find cash only places.  All you have to is go to yelp and type in your city and state you are targeting and in the ‘find’ box type ‘cash only’…restaurant, bar, or just type in cash only and look through the results.  These should be locations you call and see whether there is an ATM in the location and whether or not its in service.

Bingo Halls/Elks/VFW/American Legion

I placed several of these over the years and they were all 100+ monthly transaction and I have seen many other deployers with good locations in this area.

Alternative Newspapers

These are good for new bar openings and listings of popular bars you may not know of.  Concert halls, music venues, bars, nightclubs with cover charges are usually good places for ATMs. Check and see if there is one in your area and follow on a weekly/monthly basis.

New Business listings

Search out your local city, county or area for a list of new business listings. These can be great lead generators.

Cold calling for ATM leads

Cold calling is very effective and simple way to generate leads for locations. It’s a volume game so don’t be afraid to pick up the phone and start dialing.

Cold calling does work for ATM lead generation and is a proven strategy to find and location places where ATMs are needed

Try to make as many calls as you can per day, week or month. Set a goal and try to stick to it. Even if you can make 30 minutes of calls per day, you will find locations.

Set appointments with cold calls and target locations to drop off business cards and marketing materials.

Search for any of the locations in the location types I have previously described. I have found it best to target just a couple of location types at a time. Take C-stores and Bars for example and then move onto Hotels and Liquor stores.

Working with a mix of location types where the owners are different will help you deal with different types of people. Liquor store and c-store owners are sometimes similar owners. Bars and Hotels are different and some are corporate with managers in place. All have good and bad qualities or issues to address.

Use a spreadsheet or something where you can keep track of the calls and call back the no answers etc.

Basic Script for cold calls

I keep my scripts very simple with the goal of these calls to identify places where there is:

1-No ATM onsite

2-A broken or out of service ATM

3-A merchant who is unhappy with his current service provider

4- A merchant who owns his own machine but does not want to or cannot keep up with the maintenance.

5-Any machine which may require a costly EMV upgrade or complete ATM replacement due to EMV, Here is the EMV list of make/model and cost to upgrade and identification of replacement model.

Once you identify that there are any of these types of issues, I add this to my lead/visit list and prioritize from there.  Ask as many questions to clerks or workers as you can.  Don’t be afraid to ask where the nearest ATM is, about the ATM service or who owns the ATM etc.  Some business owners will be willing to provide these details and some won’t.  Just be persistent and make call volume a priority and you will have success finding locations for your ATMs.

Do you customers ask for ATM on site? This will gauge for reference that customers are looking for ATMs.  Do you know where the nearest ATM is?  If a clerk or business owner can tell you quickly where the nearest ATM is, that tells you they are answering that question on a regular basis.

Have you considered an ATM or do you have needs for an ATM? If not speaking with the owner then ask to speak with the owner or the decision maker of the location there so I can speak to him about an ATM.

What are his/her hours where I can stop by and introduce myself? Ask as many relevant questions about the business and its operation as the person on the phone is willing to give you. How long have they been in business, cash vs. credit card?  Walk in vs. sit down traffic at a restaurant.  Keep asking questions as long as the person on the phone is willing to talk so that you have information to target on your sales visit.

Response to owner/decision maker with no ATM on site

‘This is ___________and I am with _______________ and we are a local ATM and service provider and we can provide you an ATM for no cost where we handle all of the service and maintenance, including vault cash and we even split a portion of the proceeds with you. Once the ATM is placed you will receive a check monthly based on the number of transactions per month. Be sure to get to NO COST quickly to make sure the person on the phone understands you are not trying to sell them anything.

Reasons why to have an ATM at your location:

This gives your customers access to cash as a convenience

Gives customers another reason to come into your location

An ATM onsite will reduce the client’s credit card costs, most all merchants do not like the Credit card costs and anything which can be done to reduce makes them happy.

ATM on site increases purchases from customers and  customers who take cash out of the machine tend to spend that money in the store.

Extra income from surcharges, merchant can make some additional income by having the machine there at the store.

Script 3

If the response to in service ATM is ‘yes there is ATM although its out of service.’ Ask specific questions about the ATM. How often is it broken? Is it always out of cash? Who owns the machine, the location or a 3rd party?

If person says its not working or never works etc. or the owner of the location cannot fix, then its time to show up and let them know you can replace or fix machine at no cost.

9-Setting appointments and getting the location

Once you find locations with no ATM or a broken or out of service ATM or a location where the customer is receiving little or no split on a full service placement, try your best to set an appointment with the owner or manager, person who is making decisions. Find out the owners hours and when is a good time to show up. For example, don’t show up at a busy restaurant during lunch hours or a busy bar at happy hour.

If you get an appointment, have your 1 pager marketing materials along with the specs of the machines you are installing and a business card. Pay attention to all the usual appearance and presentation basics.  Know the key reasons to add an ATM and benefits above of having an ATM on site.

With any broken machine you could take a quick look and see if it’s a really old machine in need of replacement or something fixable, see EMV upgrade list.

If replacement machine is needed or no machine on location, go to pitch based on your marketing materials:

We are local company

We provide a new ATM at no cost to you (get to this and reinforce the fact that there is absolutely no cost to the merchant to have the ATM there)

We sell, service and install and maintain ATMs

We provide 24/7 service

A portion of the surcharge on every transaction is paid to you on a monthly

We send a transcript of the transactions generated from a 3rd party so you know exactly how many transactions, how much surcharge revenue was generated and how much cash was dispensed.

Vault cash provided at no cost to you

How Does ATM Business Work

Owning and maintaining ATMs is a way many people earn a living and create additional or passive income streams.

As an owner of an ATM business, you are buying ATM machines, finding locations and installing them in locations, filling them with cash and making money every time a customer withdrawals money from the machine. Once the money is taken out of your ATM it is re-deposited into a bank account of your choice on a daily basis along with the surcharge fees. A portion of the surcharge fee is typically paid to the merchant in the form of a commission or split.  Additional revenue can be made on each ATM transaction in the form of interchange.  All your machines can be monitored online through a portal where you can see real time information about how much cash is in each machine and how many transactions and fees have occurred.

ATM Business Revenue

Owner will ask questions so be prepared.  How much will I make per month?

It depends on the surcharge fee and the number of transactions

Determine local fees in or nearby the locations by calling or visiting nearby locations and asking or doing a test on the ATM.  You can run your card and find out the fee and cancel before paying for the fee.

You can do work in advance to determine and understand foot traffic per day. Some studies exist which show percent of customers who will use ATM although they are highly depend on location type and I would not trust general foot traffic conversion rates as Convenience Store conversion rates on foot traffic are much different than sit down restaurant foot traffic even though the traffic may be equal.

Fees are likely anywhere from $2-00 to $3.50.  National averages of ATM fees are varying around $2.00-$3.00 with some significant regional differences.

The owner of the location will be paid roughly 30% of the fee, if there is already an ATM on location, can base it on the number of transactions its doing historically and provide them with real figure.

Here are some estimates to provide the business owner with given 30% split.






The split to the merchant also depends on the number of transactions on a new locations without ATM some general estimates can be made. Be careful not to over-promise on the income.

Average- C-store=150-200

Average bar= 100-175

Average hotel=100-200

Non-traditional placement you can always be safe saying 75-150 per month

Busier, top tier locations, cash only places etc. could do 200-300+. Finding locations, which do in excess of 300 transactions with no history already are very difficult to find but still do happen.

Do your best to negotiate as best as possible and keep your net at $2.00 per transaction.

Once an owner says yes, you are down to logistics of where to place it and how to get started.

Sample costs:

# of ATM Machines: 1
# of Transactions per ATM per Month: 300
Interest Rate on Cash Float Prime+4 @ 8.5%
Amount of Cash Withdrawal per Trans: $60.00

Transactions Surcharge Per Transaction: $3.00
(300 transactions x $3.00)
Total Income: $900.00
Estimated Expenses

Cash Interest on loan: $127.50
Armored Courier $80.00
Insurance $25.00
Supplies $5.00
Cash Management Fee (0.03) $15.00
Total Expenses $252.50

Estimated Profit before merchant commission
Net monthly profit: $647.50

Is ATM Business Saturated?

Organic growth at this time varies by region.  If you are interested in specifics, please check with me about overview of certain areas of the country.  In general the largest metro areas have a number of ATM companies both large and small operating and these areas are going to be tougher to penetrate.  Currently, the Northeast of the US, along with South Florida, Southern California and the top 20 metro areas are highly competitive for ATM locations.

Unique opportunities

High Margin/lower volume accounts. I have suggested to many providers to look for locations where you can set your fee fairly high and pay out little to no merchant commission. Independently owned and smaller hotels like Comfort Inn, Best Western, Super 8 etc., can be good targets as long as you don’t have to split the fee with there hotel owner.  We have seen some level of success with $3-$4 fees x 50-60 transactions and low vault cash requirements.  If you can find hotels where the ATM does 50 transactions and you are making $4 per and paying no commission, this is a decent location, with net income of $200 per month.  You have the added benefit of 50 transactions at $60-$80 per withdrawal requiring only $3000-$4000 of vault cash per month.  The average location you are likely to find will be anywhere from 75-200 monthly transactions.  The ability to find locations above 200 transactions is possible although this is not something I would count on finding on a regular basis.

You can apply this same model above to any location such as lower traffic bars, which are ideal for this type of set up. Essentially you deploy the ATM to the location, set a $3.00 fee and inform the merchant that you can keep the ATM there as a convenience for the customers and to help them lower their Credit Card fees.

With this strategy you can net 150-200 and deploy less cash as well as less wear and tear and fewer service costs.  This is a good strategy for a new entrant to the business.

ATM Business Plan

Potential Income and Expenses

Please use this information as a guide. Here is a layout of per terminal income and expenses you can expect to see on average.  Income and expenses are highly variable depending on location type, volume, regional area of deployment and other overhead.  Please keep in mind these are averages only.


Surcharge revenue– with average surcharge fees running anywhere from $2.50-$3.00, this is the amount you should expect to be able to charge on a per transaction basis.

Interchange income- You should expect to make anywhere from .05 -.20 cents depending on volume and ISO/processor arrangement

Merchant commission– You should expect to pay anywhere from .50-$1.00 per transaction depending on location, volume, region and negotiating skills.

Transactions– You should expect on average anywhere from 75-150 transactions on average for new deployments, depending on location, region and foot traffic.  Of course there are outliers here and you could land an account which develops into a machine with 300-400 or even more monthly transactions, although I would not count on this number to factor potential income.

Given these averages here are some expectations utilizing an average surcharge fee of $2.75 and a merchant payment of .75 and interchange income of .15 cents.  This would give you a ‘net’ after paying your merchants an average income of $2.15

75 transactions x $2.15=$161.25

150 transactions x $2.15=$322.50.

I normally tell new entrants to shoot for netting $200 per month per terminal as I have seen this on average for thousands of terminals, again with regional variances.


Outside of merchant commission, there are several variable expenses to consider and here are a few:

Initial equipment costs- See equipment section for more details

Receipt Paper, Parts, Repair- this is a highly variable cost depending on location, use, repair schedule, age of the machine, etc. A case of Receipt paper with 8 rolls cost approximately $50.  A medium to high volume location is going through no more than one roll per month.  Slower locations may go through one roll per quarter.

Fuel- this is a highly variable cost dependent on your vehicle type, frequency of cash loads/service and geography of route

Cost of Capital-Another variable cost dependent on the structure of a loan or access to the capital, please see 13- banking and capital section for more information regarding this.

Communication costs- This cost is not always a concern as discussed in the communication section, if you take advantage of the merchants internet or phone line there is no additional cost.  If you have a wireless router in place, expect to pay between $10-$20 per month.

Vaulting costs

Self vaulted, owner vaulted

3rd party vaulted

Vehicle maintenance- highly variable

Basic business expenses– cell phone, postage, checks, website maintenance etc.

17-Startup Checklist

Company Formation

  1. Create an LLC, S or C Corp. (consult an attorney as laws vary by state)
  2. Set up POB for business
  3. Create Business Cards

Processor set-up

  1. Select processor
  2. Fill out application
  3. Confirm buy rate
  4. Obtain Processor back end training

Bank account

  1. 2 bank accounts should be utilized
  2. 1 for vault cash
  3. 1 for surcharge and interchange
  4. Order business checks
  5. *Discuss with the bank manager money pick-up procedures

Quickbooks (if required)

  1. Computer set up
  2. Setup and training
  3. Conversion
  4. Monthly statements/checks

Vault cash provider/ 3rd Party

  1. Contact
  2. Conversion
  3. Process

ATM machine set up

  1. New Terminal ID set up
  2. Master Keys/comvelopes
    1. Request sets from Processor
  3. Terminal ID and Key transfer
    1. Post Closing
  4. Convert Safe Combinations
    1. Get lock type
    2. Get instructions for elock and dial lock

Tools required for install

  • Hilti Hammer drill, confirm type
  • Concrete Drill Bit ½
  • ½ Bolts, prefer red head or similar set up
  • Screwdrivers
  • Mini screw drivers
  • Socket set, ½ in
  • Crescent wrench
  • Dolly
  • 6 -foot ladder
  • Laptop/tablet/smartphone

Optional tools

  • Cat5 Cable
  • Cat5 ends
  • Cat 5 crimp tool
  • Phone Cable
  • Phone end crimp
  • Angle grinder for bolt removal
  • Phone handset to check for dial tones
  • Laptop with ethernet plug for testing network connections
  • Plug adapter
  • Extension cords
  • Surge protector, multi adapter
  • Digital camera/phone
  • SUV or Pickup for transporting ATMs.  ATMs can fit in smaller wagon/hatchback vehicles as well

ATM Parts

Most new ATMs come with a 1 year warranty on parts and most repairs on ATMs can be handled easily with minimal knowledge of ATM repair and technology skills. Data on related repair breakdowns are not readily accessible as far as I am aware although I am working on gaining more knowledge in this area.

Here is a general layout of the parts on an ATM

Shell- The exterior of the ATM, can be purchased without the dispenser.

Topper- Adds potential advertising space for the ATM, a topper upgrade is around $50-$100 on a new machine

Safe- Safe and safe door where vault cash is contained

Lock- There are 3 main lock types, Dial Lock (standard) Electronic Lock ($50 upgrade), Audit Lock- one time use Armor truck ready ($300-$400 upgrade)

Dispenser- This is the area where cash is stored and dispensed.  The most expensive part to replace and is typically repaired rather than replaced.  Standard issue is fixed cassette.  A 1000 note removable cassette normally adds $50-$100 depending on the retailer.  New single cassette dispensers run around $800-$1000

Cassette- 1000 note removable is typical issue although 1700 not cassettes, dual cassettes and more are available.  A removable cassette is normally a $50 upgrade on a new machine.  Spare 1000 note cassettes run around $400

Screen- The exterior screen for customer use, can be touch or just visual screen, most screen replacements run $200-$300.

Main-board- Most main board with modem are $650-$700 replacement

Card Reader- EMV is new and latest standard.  Most ATMs built in the last 5 years can be upgraded to EMV fairly easily and with relatively low expense ($275-$400)

Modem board- Usually located on main board although can be separate, run around $125

Printer- A printer assembly runs around $600-$700

Keypad- typically a $400-$500 part for newer ATMs

Power Supply-

Wireless- Many options exist for wireless devices and these typically run around $15-$20 per month for a lease or $275 to purchase the box and $5 per month for the connection to the wireless provider.

Who is the target market?

Your ATM business is there to serve anyone who may need quick access to cash. Restaurants, bars, strip malls, convenience stores, and shopping malls are a great place to start.

How does an ATM Business make money?

An ATM business charges each customer a fee when they draw money out of their account.

How much can you charge customers?

The standard fee is $2.50 to $3.00 per transaction.

How much profit can an ATM Business make?

It’s important to choose high-traffic areas for your terminal locations. Successful business owners report an average of $500 per month, per ATM machine.

Step 3: Find a Location

Choosing the right location is very important when it comes to making a profit from your ATM business. You have to find a location where there’s a great need for an ATM machine. Where do people go where they need cash to pay for goods and services? Where is there a large gap between one ATM machine and the next? What are the areas of your city with the most foot traffic? And who might you have to partner with in order to place your machine in a strategic spot?

Who Will Own the Space?

Before you should even think about ordering an ATM machine, you need to know where you’re going to put it. Choosing the perfect ATM location is a very strategic process. You have to consider factors such as visibility, ease of access, and competition. 

The first decision you have to make when choosing a location is whether you want to rent your own space, supply a space you already own, or coordinate with a site location owner. If you rent or purchase your own space, you have to factor that into your operating costs and adjust your business model accordingly to still make enough of a profit for it to be worth it.

The same is true of partnering with a site location owner. Depending on the agreement you set up, you could end up splitting your profits with the owner of the location where you choose to install your ATM. Keep this in mind when calculating your potential profit.

What Are the Best ATM Locations?

When it comes to choosing the right location for your ATM machine, you really have to consider what’s best for you and your business specifically. And you have to work with the locations available to you. Generally speaking, the best ATM locations typically share the same characteristics: cash only, high traffic, good reviews, liquor license, distance from other machines, and convenience for you.

Locations that are cash only or that encourage cash transactions create the demand that your ATM supplies. If people need cash, they need an ATM. This is good for business. So is high traffic. 

The more people who pass by and see your ATM on a regular basis, the more business you’re likely to get. High traffic areas also provide a certain level of security and comfort among users. Isolated machines away from security cameras or the public eye present an increased risk of vandalism and theft.

If you partner with a store owner, you want your ATM to be placed in a store or business that has good reviews. The more customers that store gets, the more business your ATM is likely to get. 

Locations with liquor licenses are good options, too. They are open late, so that extends the hours of operation of your ATM machine and offers more opportunities for transactions. Plus, it’s reasonable to have an increased surcharge at these locations, too (more on surcharge later).Finally, you have to consider the proximity of your machine to you as well as to other machines. The closer your ATM is to other machines, the more competition you have to get customers. But you also want the machine to be convenient for you to access. The more time and money you spend getting to your machine for maintenance and surveillance, the less profit you make.

What Are the Most Profitable ATM Locations?

There are some specific business types that tend to be more profitable due to increased surcharges, high demand, and large volume of patrons. These include casinos, gentlemen’s clubs, hotels, nightclubs and bars, convenience stores and gas stations, restaurants, barbershops and salons, microbreweries, and parking lots.

Keep in mind that profits will vary based on each individual business’s success. When looking for an optimal location for your ATM, choose a business that is busy, regularly brings in customers, and has good potential for staying in business for a while.

Set Your Surcharge

The surcharge is the fee customers or users pay for the service your ATM machine offers. For each transaction made on your ATM machine, you make the surcharge amount in return. Setting your surcharge is a very strategic process. You want to offer a competitive surcharge while also setting yourself up to make as much profit as possible. 

The average ATM surcharge fee is about $2.50. Depending on the competition in your area, you can raise or lower that fee amount. And you can change it at any time. 

You might want to start with a low surcharge to encourage people to use your machine as you are just getting started. Or, alternatively, you might want to set a higher surcharge to meet your ROI quicker and start profiting sooner. The choice is up to you.

You also want to consider whether or not you’ll be sharing any portion of the revenue with a third party like a site location owner. If you are, you might opt to set a higher surcharge so that you make more after the site location owner’s share.

ATM Business Blueprint

Form a Business Entity

When it’s time to start your business, you’ll need to decide which type of business entity is right for your needs. The business entity (also called a legal entity or business structure) will define how your business is legally organized and operates. You can choose from four main business entity types – a sole proprietorship, partnership, corporation, and Limited Liability Company (LLC). Each business entity type has different pros and cons regarding liability, costs, and administrative requirements. A business lawyer is a good resource when deciding which type of entity is right for your business.

Finding the perfect business name can be challenging. Not only does the name have to resonate with your customers, but it also has to be available to use.

ATM Business Insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers’ Compensation Coverage.

ATM Business Taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It’s really easy and free!

You can acquire your EIN for free through the IRS website, via fax, or by mail. If you would like to learn more about EINs and how they can benefit your LLC, read our article, What is an EIN?.

Learn how to get an EIN in our What is an EIN guide or find your existing EIN using our EIN lookup guide.

Small Business Taxes

Depending on which business structure you choose, you might have different options for how your business will be taxed. For example, some LLCs could benefit from being taxed as an S corporation (S corp).

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

Required Documentation

Your ATM processor will require an equipment order form. This is where you choose the equipment you want and indicate whether you or someone else will handle installation. You will also need to document what your surcharge will be (see below) and what denominations your ATM will dispense.

Next is the ACH form so that your revenue can be deposited into your bank account! Your driver’s license is required to prove your identity and pass a background check. You cannot run an ATM business if you have been found guilty of a felony or financial crime.

A voided business check verifies the legitimacy of your linked bank account. For the purposes of running an ATM business, the account must be a checking account, not a savings account.

The ATM Operator Agreement and application tells banking partners who they are working with and ensures all federal regulations are met. You will need to complete and submit a W-9 form as well. Since you will be making money from your ATM machine, you’ll need to document your earnings for tax purposes.

Finally is the ATM processing agreement. This document lists your rights and obligations as the ATM owner as well as the rights and obligations of the ATM processor. It’s the legal contract between you and the ATM processor that runs your ATM machine program. This agreement also ensures you receive your payment as agreed upon.

Other Applicable Documentation

You may or may not need to complete these forms. They don’t apply in all situations. For example, a business license and permit might only be necessary if your local government requires it. Otherwise, you can register as a sole proprietor under a “doing business as” business name.

A placement agreement, or site location agreement (SLA), would only be necessary if you are planning to install your ATM machine in a location that was owned by someone else. This document serves as a contract between you and that third party and outlines each party’s responsibilities and share of the revenue.

Like all insurance, ATM insurance is completely optional. You can opt to purchase it and account for the cost when calculating your potential profit after operation costs. Or you can test your luck without it. Kind of a gamble here, but if you work with an insurance company that is associated with the ATM Industry Association (ATMIA), they can guide you toward a policy that meets your specific needs.

Last is the wireless agreement. This allows the ATM processor to send you a wireless modem which converts your signal from Internet to cellular and speeds up your connection. Again, this is optional and can be done on your own timeline.

ATM Business Profit. Is ATM Business Profitable?

An ATM business’s income will vary depending on the number of ATMs in business, the number of transactions completed each month, surcharge revenue, and transaction fee that the ATM business earns. ATM Brokerage notes that monthly income per ATM can be $150 to $200 on the low side and $250 to $300 on the high side.

Sample Annual Gross Profit for Fees 

The average ATM customer nationally withdraws $60 dollars per transaction. You’d expect an ATM to have between 8 to 10 transactions on an average daily basis. This would mean that $600 dollars are withdrawn per day. Your fees collected based on $3.00 per transaction would be $24 dollars – conservatively. Assuming your ATM processor fee is $0.20 per transaction, the ATM processing cost is $1.60. Assuming the venue owner cost per transaction is $0.50, their fees are $4.00. The total in transaction fees deducted is $5.60. Your gross profit is $18.40. Your gross profit per 30 day month is $552. Annually, this ATM would generate $6,624 in gross profit. 

ATM processor contracts will typically provide terms in the form of a “surcharge rebate of X% and a fee between $0.10 to $0.50 per transaction.” What does this mean? A surcharge is the “ATM fee” you charge to use your ATM to withdraw cash. The surcharge rebate is the ATM processor referring to how much of your “ATM fee” is returned to you. You should expect a 100% surcharge rebate or a full return of your ATM fees charged. ATM processors may attempt to eat into your profits by providing a percentage less than 100% or by adding “network accessing fees.” (E.g., $0.25, $0.50 or $0.75) 

The venue owner will typically receive $0.50 per transaction. Obviously, this amount is a negotiation between you and the venue, so the cost per transaction could vary drastically. If the venue is highly desirable, you may be willing to offer up to 50% of the ATM fee or surcharge fee because it would generate a significant amount of fees. But, the typical fee share is $0.50 per transaction. 

Lastly, you receive the remaining balance of the ATM fees remaining after paying the ATM processor and the venue owner. The first one paid is always the ATM processor and the second person paid is the venue owner. You’re always the last one to be paid and you receive what is left in the fees. 

How To Start An ATM Business Step By Step

Write Your Business Plan

The first step in starting your new business is to write a business plan. Your business plan will need to outline all elements of your business in detail, including your target market, what factors will give you an advantage over competing businesses, and your financial plan for funding the business and making a profit. You’ll need this business plan if you want to apply for financing from a bank or an investor. Multiple sources have also found that taking the time to develop a business plan increases the chance of success.

Select Your Location

ATM businesses aren’t tied down to one specific address, but you’ll want to create a route of ATMs that are close together, so they are easy to stock and service. The priority for ATM placement should be areas that are open to the public for long hours and lots of foot traffic, such as gas stations, convenience stores, retail stores, bars, etc., to maximize daily transactions.

For an ATM to work, a connection to a phone line, internet, or cellular connection will be required.

Apply for ATM Business Licenses and Permits

Your ATM business will need to hold any local, state, and federal registrations required for businesses. Most businesses need to have a sales tax permit, Employer Identification Number, and Occupancy Permit, among others. Some states may require specific ATM vendor permits in addition to these standard permits and licenses.

Do You Require Financing

Starting an ATM business can require significant startup costs, including access to plenty of cash to stock the machines. Finding financing can help with those startup costs. To get a business loan, a business owner will need to have good credit and personally invest 15-25% of the total start-up costs.

Open an ATM Business Bank Account

Keeping your business and personal finances in separate business bank and credit card accounts makes it easier to track the business’s income and expenses.

Get ATM Business Insurance

An ATM business needs several types of insurance for full coverage. In addition to standard insurance policies, there are some ATM-specific policies available:

  • General liability insurance protects the business if a vendor or ATM customer is ever injured while using the machine.
  • Commercial property insurance protects the business from damage that could occur to the ATM in an event like a fire.
  • Worker’s compensation insurance helps to cover expenses like medical bills and lawyer fees that can result if an employee were ever injured while on the job.
  • Commercial auto insurance covers a business-owned vehicle, offering protection against expenses a business might face if the vehicle were in an accident.
  • ATM insurance covers risks like loss or damage to the ATM or loss or damage to the cash inside the ATM.
  • Cash and valuables in transit insurance help protect the business against loss of money that could occur while being transported, processed, or stored.

Insurance policy costs will depend on factors like the value of the business’ ATMs and the amount of cash that the business keeps on hand. To get an accurate idea of what to budget for insurance, request quotes from multiple providers. When comparing the quotes, consider the differences between the premiums, coverage exclusions, coverage, limits, deductibles, and other important elements of each policy.

Hire Employees

A business owner may be able to service and maintain a smaller route of ATMs, but to increase profits, the business will need to install more ATMs. Hiring staff can help with this. According to, an ATM manager responsible for service and operations earns an average salary of $85,585 per year. Salaries can range from $63,151 to $110,062.

Besides covering staff salaries, a business’ budget will also need to include related expenses like paid time off and worker’s comp insurance.

 Set up an Accounting System

Setting up an accounting system for your ATM business is critical to the long-term success of your business.

Staying on top of taxes not only keeps the business out of trouble with the government, but the numbers can be used to track and monitor trends and cash flow in the business and maximize profits.

ATM Business Franchise

The more machines you have strategically placed, the higher your profits. Many new business owners find comfort in investing in franchises. Once you have learned the intricacies if this business venture, considering passing that knowledge on to new entrepreneurs by offering franchise opportunities.

Cost To Start ATM Business

While this type of business venture does not require an office space or a lot of supplies, there are a few things you will need to purchase. Total investment will be defined by how many machines you plan to start with. Each machine will cost between $3,000 and $10,000, depending upon the style you purchase. Each machine should have at least $2,000 in cash on a rotating basis. The only other items you should need is an insurance policy, a bag for transporting cash, tools for routine machine maintenance, and a reliable vehicle. Each machine must have access to a phone line or the Internet and you will need a computer for checking the status of each machine.

Even when starting a smaller ATM business, the owner needs to ensure that they have enough disposable cash to keep the machines reliably stocked. Startup costs will vary depending on the number and quality of the ATMs to be purchased.

According to Lieberman Companies, ATM prices can range from $2,000 to $8,000. Typical freestanding ATMs range from $2,300 to $3,000, while used ATMs average $1,200 to $1,800. Installation fees can range from $200 to $300 per machine. ATMs fgo through an average of $6,000 to $8,000 in cash per month, requiring between $1,500 and $3,000 in cash per week.

It’s not free to operate or own an ATM – you can rent or buy one. While it’s more expensive to buy an ATM, you receive a higher commission per surcharge transaction.

ATMs cost anywhere from $1,000 to $10,000, depending on if you buy a used or new machine. While buying a used machine is cheaper, they’re usually slower and look older, and because of that, many people might not use it.

When purchasing an ATM, there are different types to consider, such as a countertop or freestanding model. The type also affects the price.

Another consideration with buying an ATM is that you’re responsible for maintaining it, including keeping it loaded with cash and making sure it’s working properly. “Someone can buy the ATM outright … and place [it] in a location they own,” said Brad Daniel, chief executive officer of America’s ATM. “They can load money from their business into the ATM, cutting out a third party, which reduces costs.”


Costs for new machine:

Entry level $2000-$2500

Higher end machine with multiple cassettes and dispensers can run anywhere from $3000-$6000+

What are the ongoing expenses for an ATM Business?

Most machines require a minimum of $2,000 cash per week. Cash should be loaded in on a rotating basis. Many banks will charge your business a surcharge and merchants charge a monthly rent fee or commission, depending upon the contract both parties have agreed upon. New business owners are urged to conduct thorough research regarding your market, so that margins are correctly set from the beginning. This will help ensure higher profit margins for your ATM business.

ATM Business Bank Account

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil.

Additionally, learning how to build business credit can help you get credit cards and other financing in your business’s name (instead of yours), better interest rates, higher lines of credit, and more.

Open a business bank account

  • This separates your personal assets from your company’s assets, which is necessary for personal asset protection.
  • It also makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank, credit union, business-loan friendly banks, one with many brick-and-mortar locations, and more.

Open net-30 accounts

When it comes to establishing your business credit, net-30 vendors are considered the way to go. The term “net-30,” which is popular among vendors, refers to a business credit arrangement where the company pays the vendor within 30 days of receiving goods or services.

Net-30 credit terms are often used for businesses that need to obtain inventory quickly but do not have the cash on hand.

Besides establishing business relationships with vendors, net-30 credit accounts get reported to the major business credit bureaus (Dun & Bradstreet, Experian Business, and Equifax Business Credit). This is how businesses build business credit so they can qualify for credit cards and other lines of credit.

Recommended: Read our guide on the best net-30 vendors so you can start building business credit now, so you never have to worry about cash flow in the future. Keep in mind that poor cash flow is the #1 reason businesses fail!

Get a business credit card

  • This helps you separate personal and business expenses by putting your business’ expenses all in one place.
  • It also builds your company’s credit history, which can be useful to raise money and investment later on.

Recommended: Read our guide to find the best small business credit cards.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

ATM Business License

Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate an ATM business. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits.

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses.

For information about local licenses and permits:

Services Contract

ATM businesses should consider requiring clients to sign a services agreement before installing a new machine. This agreement should clarify client expectations and minimize risk of legal disputes by setting out payment terms and conditions, service level expectations, and so on.

ATM Business Opportunities

Did you know that there are over 425,000 ATMs in the US and fewer than half of those are owned by banks?

The majority of them are owned by people like you and me. ATMs are very profitable businesses because there is very little to no overhead expenses. You don’t need employees.

No store front or rental space is needed, and there is a low start up investment. The best part is you can manage your ATM business from home at your own schedule. Are you ready to get started?

When people use an ATM machine, they typically pay a small fee between $2 and $3. That fee is how businesses make most of their money through an ATM machine.

“When a business allows an ATM to be placed at their location, they have the opportunity to earn a commission,” said Paul Carriere, attorney at Favret Carriere Cronvich. “The simplest way to conceptualize earning a commission is when a person uses an ATM, there is a ‘surcharge,’ a fee for using the ATM.”

However, business owners typically don’t receive the whole fee. If you rent the ATM, the business that maintains the machine (fills it with cash, repairs it, etc.) receives some of the money.

“There are a number of variations on the split, but the business earns money based on the surcharge transactions,” Carriere added.

While businesses can make money through the fees, some business owners look for other ways to use ATMs to make money. One of the most common methods is by placing advertisements on the ATM machine.

“Companies are placing screens on top of ATMs and selling ads to run on those machines,” Carriere said. “This can increase revenue for ATM operators and locations.”

Brick-and-mortar businesses, such as restaurants, gas stations or nail salons, may benefit from having an ATM. It can attract more customers and make money for your business

ATM Business Name

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our ATM Business Name Generator

If you operate a sole proprietorship, you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name, we recommend researching your business name by checking:

  • Your state’s business records
  • Federal and state trademark records
  • Social media platforms
  • Web domain availability.

Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren’t feeling confident about designing your small business logo, then check out our Design Guides for Beginners, we’ll give you helpful tips and advice for creating the best unique logo for your business.

Recommended: Get a logo using Truic’s free logo Generator no email or sign up required, or use a Premium Logo Maker.

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator. Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

ATM Business Website

We do set you up with a website where you can monitor the machine, so you can track how much cash is left in the machine which will ensure that you never let you machine run out of cash.

All your machines can be monitored online through a portal where you can see real time information about how much cash is in each machine and how many transactions and fees have occurred.

The more money you put in the machine, the less you have to go back to refill the machine. How the cash works is as it’s taken out of the machine, it’s automatically wired right back into the bank account you set up with our company. If it’s taken out before 3pm, it will post tomorrow morning, after 3pm it’s the following day. So that cash is always recycling through. Therefore, the smaller amount you stock the machine with, the more often you’ll have to take that cash out back out of your bank account and restock the machine.

ATM Business Machine Types

When choosing ATM equipment, there are three necessary decisions you have to make: ATM type, manufacturer and model, and new or refurbished. 

ATM Type

You have a lot of options when it comes to choosing ATM equipment. First you must decide the ATM type. There are free-standing, through-the-wall (TTW), and wall mount ATM machines.

Free-standing ATMs offer the most flexibility when it comes to placement. They can be installed anywhere there is a power source. They have a small footprint which is helpful when planning around available floor space in a store.

TTW ATMs are bulkier but more secure because the interface, the back of the machine, is secured within the wall extending into the next room. This can make accessing the machine to replace currency a little safer.

Wall mount ATMs can be mounted to a wall, table, or countertop. This can be convenient if your location doesn’t have a lot of extra space available. This is also a more practical choice for small businesses and low-traffic locations.

Manufacturers and Equipment Options

Two of the most popular ATM manufacturers are Hyosung and Genmega. Both produce high-quality, reliable equipment. ATM Depot also offers the full lines of Triton and Hantle (Tranax) machines.

Each of these market-leading manufacturers produces sturdy ATM equipment that lasts upwards of ten years. Just remember that pricing will vary based on the manufacturing company, machine type, and features. You can get more information about manufacturer and equipment options in our ATM Buyers Guide.

New vs. Refurbished

You also have the option of purchasing your ATM machine new or refurbished. New machines are recommended for first-time independent ATM deployers (IADs) who are just starting an ATM business. The new technology informed by feedback from IADs and users makes new ATM machines easier to use.

However, purchasing a refurbished machine could save you some money and therefore speed up your ROI and increase your profit. It’s also better for the environment to reuse electronic equipment rather than having it sent to the landfill.


If you’re considering adding an ATM machine to your business, it’s important to understand what types of ATM machines are available and how each can help your business. There are several companies that can provide expert advice about which ATM machine makes the most sense for your business.

Here are three ATM machines we found that make sense for small businesses:

  • Hyosung Monimax 5000: This is your typical stand-alone ATM machine that provides easy access to cash in many retail stores. It includes a sign topper to help your customers locate it, and it has a small footprint.

  • Genmega G2500: This model is a very basic ATM machine. It doesn’t have as many features as some machines, but it is small and freestanding, making it ideal for smaller companies.

  • Genmega GT3000: This is an example of a “through-the-wall” ATM machine. This means it is not a standalone unit, but rather one that builds into a wall within your business. This can be a good option for businesses looking to provide outdoor ATM machine access in a safe, efficient manner.

Here are some basic things you will want when purchasing new machines:

1k Removable cassette-This is a 1000 note removable cassette which allows you to either buy an extra cassette and swap cassettes when vaulting machines or remove cassette and add cash in a private or more secure location.

Electronic Lock- the locks for the safe come standard with a dial lock and most operators upgrade to the e-lock for an additional $50. Audit Lock (single use Armor truck requirement) can add $300-$400 to the lock cost

EMV (Europay, master card, Visa- see glossary for more) ready– Please ensure your machine is EMV ready, this standard will start rolling out October of 2016

Do some research on EMV and make sure you know what makes/models can be upgraded and what the costs to upgrade are. This will save you headaches down the road when EMV is implemented.  Most machines sold new as of 2018 are EMV upgraded.

You should attempt to select a manufacturer and stick with it if building portfolio. This will enable you to streamline your knowledge and order parts more easily and eventually have spare parts on hand.

Buying used ATM equipment can sound appealing but right now you need to be cautious of what you buy. With EMV requirements live today you should invest in new equipment when starting an ATM business. Pay for new equipment and you get a 2-year warranty on parts and set your business up for success. If you buy old equipment, you could run into many repairs and potentially lose locations due to out of service machines.

ATM Business Taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It’s really easy and free!

You can acquire your EIN for free through the IRS website, via fax, or by mail. If you would like to learn more about EINs and how they can benefit your LLC, read our article, What is an EIN?.

Learn how to get an EIN in our What is an EIN guide or find your existing EIN using our EIN lookup guide.

Small Business Taxes

Depending on which business structure you choose, you might have different options for how your business will be taxed. For example, some LLCs could benefit from being taxed as an S corporation (S corp).

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

ATM Business Insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers’ Compensation Coverage.

Buying An ATM Business

Follow these 6 basic steps to set the foundation for starting an ATM business to ensure maximum potential for success:

  • One of the most important factors to the success of your ATM business is location. Think of your own experience to narrow down potential locations. Have you ever needed an ATM and couldn’t find one nearby? Where were you? The obvious prime locations are malls, shopping areas, and high traffic areas, but it’s also good to think outside the box. Consider your local fair grounds, parks where food trucks frequent, or sports venues. Think of places where people don’t tend to accept credit cards like farmers markets or craft shows.
  • Before picking out the ideal location, do your research. Spend a little time in the area checking out the foot traffic. After you’ve picked out a spot it’s time to talk to the store or venue owners. Sometimes it’s as simple as asking a store owner if they would like a free ATM machine. The convenience of an ATM benefits you, the store owner, and the shopper. Who wouldn’t want one nearby?
  • Every successful business starts with a business plan. This plan includes the location of your machine as well as how you will be investing in your venture. For instance, how much are you looking to invest in a machine? The machine itself can cost between $2,000 and $5,000. If that is more than you were looking to invest starting out, there’s no need to worry. You can opt for leasing a machine or short term financing. Lease can run about $70 to $110 a month depending on the term and ultimate cost of the machine. This and a number of other factors need to be considered in a business plan including the cost of start-up, maintenance, time invested, return on investment, and so on.
  • Your ATM machine is a transaction machine. So, who will process these ATM transactions? You can use an ISO or an IAD. ISO stands for independent sales organization. IAD stands for Independent ATM Deployer, You will need to work with an ISO or IAD to process your transactions. Talk to a few different organizations before making your pick. Each one will have different transaction fees, or monthly fees, as well as reporting, statements, bank sponsorship, service and support, so you will want to choose the one that best fits your business plan. Be prepared to sign a contract as these companies will require commitments of various lengths. If you are talking to an ATM Company that wants a lengthy contract that you aren’t ready to commit to, simply move on to another company until you find one you are comfortable with.
  • There are two factors to take into consideration when deciding who will stock your ATM: safety and convenience. Taking safety into consideration first, depending on the neighborhood where your ATMs are located and how many you have, you may want to work with an ATM company that can coordinate and manage armored guard cash services. However, you may not need to take the same cautions for a small locations or if you only plan to operate a few ATMs. Convenience should also be considered when it comes to stocking your machine. Consider the other responsibilities you have to tend to in a given day. Does your schedule allow time for restocking? If it does then you can save some money by restocking your ATM yourself. If not, simply hire a reliable company to do it for you. Also, keep in mind that stocking your machine with your personal cash is the most profitable way to manage your ATM.
  • When you’ve got a machine full of money, you may want to consider getting ATM insurance. There are a number of reputable companies that offer ATM insurance. Your insurance policy should protect both your equipment and the cash, but options for this are available. Be sure to check with the owners of your ATM location. They may have insurance requirements for you to follow. Look for an insurance company associated with the ATMIA (ATM Industry Association). They will be well versed in what your needs are and will be able to provide you with the best policy. Optionally if security is not an issue as the location is open 24 hours or has alarms and security cameras, insurance may be a waste of money.


Glossary and Resources

Armor Truck ready– This means the ATM can be vaulted by an armor truck, which normally requires audit-locks and a higher cassette capacity

Audit Lock– This is a single use lock which is a basic requirement from he Armor truck companies.  This lock allows you to program the lock so that it gives out a new code every time the lock is used

Commission- Merchant split, commission, lease payment, cut to the merchant etc are all terms for the amount typically paid to the merchant in an AMT placement

Contract- The contract is the agreement that is typically signed between the merchant and the owner of the ATM.  See here for a sample which I have utilized; Sample Contract

EMV– Stands for Europay, Mastercard, Visa; this a new chip enabled card which the card issuers are deploying now .  Between 2016-2017 ATMs will need to be ATM compliant. Click here for a list of make and model costs by machine.

Interchange- Interchange for the purposes of the independent operator is normally an additional amount of revenue or income which is derived from the additional foreign bank fee which accompany all ATM transactions

ISO- Independent Sales Organization- These are the companies who can handle your transactions and link you up to a processor.  There are over 200 ISOs in the ATM industry today

Master Keys– Master Keys, Comvelopes or Encryption keys are an extra layer of security on each terminal and unique are to that terminal

Monthly Net- For independent operators their ‘net’ is normally their surcharge revenue plus interchange income, less merchant commissions.

Processor- The Processor is the ATM organization linking the bank account of the customer through the ATM to your bank account.  There are several ATM processors in the US including Columbus Data, RBS Worldpay, Switch Commerce, FIS

Spec Sheets– Here are spec sheets with dimensions and specs on the Genmega 2500; Hantle 1700 and Hyosung Halo.  Spec sheets on any other make/model you would be installing can be easily found online or I can provide for you if needed.

Surcharge– This is the fee you set as the owner of the ATM Machine, typically also called the Convenience fee

Terminal ID– This is the unique code the Processor and or ISO assigns to your terminals

Turnkey ATM– This is an ATM where the vault cash and service is provided already and there are no service requirements necessary

Vault Cash– This is the cash or capital in the ATM itself.  There are 3rd part vault cash companies which can service ATMs.

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One Comment

  1. After reading this article of yours, I learned lot of thinks abut ATM Business, This article is so informative for me.

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