As a prospective purchaser of an ATM

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As a prospective purchaser of an ATM, you may consider purchasing the cheapest ATM you can find, or even buying one used. Keep in mind, however, that if you buy an older machine, it might be slow, driving your customers away instead of attracting them to come back for future withdrawals.

Additionally, a lower-end machine might have limited functionality, such as australia whatsapp number data only being able to dispense cash. Advanced ATMs can cost as much as $15,000 but offer more services that could drive customers to your location and offer additional monetization options.

Here are some of the services you could make available with an advanced or “Smart” ATM:

Check cashing
Loan payments
Transaction statements
The ability to choose dispersed denominations
Card-less ATM access (using Smartphone)
Credit card payments
Cash deposits
Whether you should buy a cash-dispensing ATM for $1,800 or a Smart ATM for $15,000 or something in between, depends on your available startup costs. You should also consider what services ATM customers would be most likely to use at your location.