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.
How much does owning an ATM cost?
See if the price of an ATM, along with ownerships costs of buying an ATM machine, is right for you and your business. ATMs can vary in price ($2,000-$8,000), but typically the average new, freestanding ATM machine will cost around $2,300-$3,000, and a used ATM will generally cost between $1,200-$1,800.
How do I buy my own ATM machine?
- Purchase a MOBILEMONEY ATM.
- Payment: Cash, Check, Credit Card, Online ACH.
- Sign a simple ATM Purchase Processing Agreement.
- Choose a convenient location for your new ATM purchase.
- Provide a standard 110v outlet.
How much does it cost to buy a used ATM?
ATMs can vary in price ($2,000-$8,000), but typically the average new, freestanding ATM machine will cost around $2,300-$3,000, and a used ATM will generally cost between $1,200-$1,800.
How much does owning an ATM make?
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. (This assuming, of course, the business is open and the ATM is accessible 7 days per week.)
How much does a standard ATM cost?
Bank Non-Network ATM Fee ATM Operator Fee
------------- ------------------- ----------------
Capital One $2.00 $3.00
Chase $2.50 $3.00
Citibank $2.50 $3.00
Citizens Bank $3.00 $3.00
Is owning an ATM machine worth it?
Daniel said self-service or buying your own ATM is very profitable, and between 15 and 30 transactions a month yield a high return. "[It's] a great secondary source of income that could equal between anywhere between $20,000 and $30,000 extra per year," he said.
How much does it cost to buy an ATM machine?
Generally, ATM machines cost anywhere from around $1,000 up to $25,000 or more. A freestanding ATM machine costs approximately $3,500 to $7,000 and up. A built-in/through-the-wall ATM machine costs roughly $5,000 to $10,000 and up. A used/refurbished ATM machine can be purchased starting at about $500.17 Aug 2021
How much does it cost to put an ATM in a store?
A single ATM will usually cost somewhere between $3,000 and $10,000; however, prices can greatly vary depending on what style of machine you get. You may also need to buy some extra equipment, such as a clip that you can fill with money to refill the machines.
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.
How do privately owned ATMs work?
Most privately owned ATMs dispense currency, but some dispense script (a paper receipt) that can be exchanged for goods or currency. Privately owned ATMs can be profitable for proprietors due to fees and surcharges for withdrawals, along with additional business generated by customer access to an ATM.24 May 2018