An outdoor ATM is not always the best option. It's perfectly fine to operate an outdoor ATM if that is your only option. But if you are deciding between indoor and outdoor you might want to consider some of the downfalls associated with operating an outdoor ATM. First, they can be more expensive to set up and maintain.Apr 28, 2021
How much does it cost to put an ATM somewhere?
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.
Why are ATMs outside?
One of the biggest benefits of having your ATM placed outdoors rather than inside your business is the increased foot traffic. People no longer need to step inside your business to get to your ATM. ... This can dramatically increase the number of people using your ATM, meaning you will earn more from the service fees.Mar 3, 2017
How much money can you make owning an ATM machine?
At 6-10 transactions per day, that is a daily gross profit of $15 – $25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450 – $750 per month.
Can ATM be outside?
It's perfectly fine to operate an outdoor ATM if that is your only option. But if you are deciding between indoor and outdoor you might want to consider some of the downfalls associated with operating an outdoor ATM. First, they can be more expensive to set up and maintain.Apr 28, 2021
Are outdoor ATMs safe?
An outdoor ATM is available to users 24 hours 7 days a week. But it's also available then to vandals and thieves. ... Outdoor ATMs are also vulnerable to the weather. Exposure to the elements could cause you to get less life out of your ATM if it's outside rather than inside.Apr 28, 2021
Can anyone operate an ATM?
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.