Earn with ATM Machines – How to Pick an ATM Company

Before diving into getting an ATM machine you’ll want to do your household work. As soon as you buy 1 you nonetheless need an ATM company to process the transactions (similar to charge card processing). This article will discuss how you can select an ATM provider to best service your ATM processing needs and how you can make certain you select the right ATM machine.

ATM machines have come way down in price since first being introduced to the retail portion early in the 90’s. With advances in technology and also the variety of really good machines still in service we see numerous used devices available on the net including auction sites. I advise you to beware of any used machine unless you know precisely where it emerged from, when it was processing final and who serviced it. A number of these used machines we come across for sale are certainly not 3DES (Triple DES) compliant, and neither do they’ve management passwords or keys.

3DES is an encryption process in the key pad as well as firmware which protects the buyers PIN number from being taken when the ATM is dialing the Processor and requesting a transaction. 3DES became a requirement a few in years past so we are seeing more mature machines on the market that are 2 inches inexpensive. These ATMs are just boat anchors or perhaps require expensive upgrades.
If you see some ATM machines for sale which are much less than $1,000 used be very wary. My advice isn’t to buy a used ATM unless it’s from a reputable company and has a warranty. I highly suggest staying away from ATM machines sold by private parties or individuals unless you’re very knowledgeable about the emblem, model, condition and compliant status of that model.

You can buy new ATM’s for aproximatelly $2,000 (as of this information writing) and several refurbished 3DES compliant ATM’s for $1,000 and up which ought to include a labor warranty and parts.

As soon as you invest in an ATM Machine you still need ATM processing. Look for an ATM business enterprise which specializes in ATM processing (I suggest you Google the terms “ATM Processing” or perhaps read the writer comment links below).

A good ATM small business should offer ATM’s with or perhaps without processing. They’d also offer ATM processing just in case you currently have an ATM Machine. If you have an operational ATM Machine and know every one of the passwords and have all of the keys a good small business should have the capacity to simply re program your ATM Machine onto their ATM processing platform. To discover if an ATM machine you’re thinking about buying is compliant we suggested calling a number of ATM processing Companies.

A good company will typically require a processing agreement to safeguard you and them legally as needed by sponsoring networks and banks. These agreements are typically 3- 5 years but there are several companies that negotiate fewer years not to mention some that offer just a two year arrangement with absolutely no sign up rate. We know of a number of ATM companies that have an 84 month term (that’s 7 years). A lot is able to change in 7 years, I’d suggest you keep on shopping around if anybody tries to make you sign an agreement longer than thirty six months.

ATM Agreements protect you since these businesses are moving the funds of yours when one of your buyers withdraws cash from your ATM. They relocate the funds from that ATM customers account into the bank account of yours. Which ought to be done nightly except for the weekends. Agreements protect the ATM company because lots of them do not charge set up costs but incur costs to set up your system so it will take them several months to a year to recapture all those rates.

ATM processing rebates vary from 85 % of the surcharge plus $0.20 – $0.25 cents (bank end revenue) up to hundred % of the surcharge plus $0.20 cents based on your ATM machine use volume. A Tiered rebate which would be tied to ATM performance is offered by some ATM companies.

A few ATM companies also provide ATM gear at drastically reduced prices to get you to sign a long term processing agreement. This is usually a loss leader so you merely look at just how inexpensive the ATM equipment actually is as well as do not really take note of the ATM processing portion of the deal. Watch out for a deal on ATM technology which seems “to best that you be true”. This is most certainly circumstances of “you get what for” is paid by you.

If the ATM Machine you realized is less expensive compared to everybody else, ensure you read through the words of the processing agreement. Most ATM Companies that offer crazy deals on the ATM Machine will make you sign quite a long term arrangement for ATM processing.

If an ATM organization has ATMs way too cheap or offers a rebate that is too high, then something has to suffer. They cannot give ATM machines away and provide you with an impressive rebate and give you proper service or perhaps stay in business. This’s a red flag. Keep in mind, the money of yours is being handled by them. You’d like them to make money so they remain in business to handle some problems that arise.

The thing that suffers essentially the most when businesses give away to a good deal is usually service. Look at what it will cost if your had been getting $2.10 every time an individual used the ATM of yours and it was used by 300 folks per month. That’s $630 monthly. Now, what if your ATM has a problem and also you cannot get help, or perhaps parts or service for a week or longer — it is costing you twenty one dolars per day — or perhaps more than $150 a week.

Search for an ATM business enterprise with twenty four hour seven day assistance with a toll totally free number. Then, in case you’re a company which usually counts on help late nights or even weekends you should test it and call the number at 11pm or even on a Sunday and find out if they answer the phone.


If the cell phone is answered live that is a very good indication of service which is good. If it goes to voice mail, leave a message — let them know you are not a consumer yet but you’re testing to find out how good or fast their 24/7 tech support is really.

If your phone call goes unanswered or perhaps takes hours to be returned, that is most likely a symbol of a deal to good to be real.

Summary:

When searching for an ATM Machine plan to spend $1800 – $3000 for a dependable one.
When searching for ATM processing look for a deal in which you get a minimum of hundred % of the surcharge. And if you’ve or even expect to have high volume negotiate for slightly of the “back end” of the offer (maybe another $0.10 – 1dolar1.20).
Try not to sign an ATM processing agreement longer than 2 – three years.
Ask for references of remaining ATM clients and CALL them.
Examine the ATM business tech support claims, is it really 24/7 service Ask exactly how ATM discrepancies “chargebacks” are controlled (a great ATM processor is going to handle them for you).
Ask what if any fees are needed to get started (sign up charge, rebates, application fee, etc.)
Watch out for hidden costs, etc and switch, bait.
Read the ATM processing contract and make sure withdrawn funds are deposited daily (business days).

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