ATM FAQsEverything You Need To Know
ATM FAQs – What You Need To Know –
To Increase Your Sales And Grow Your Business With An ATM
This page summarizes the most frequently asked questions about ATM ownership and placement. Our intent is to give you as much information as possible about owning and maintaining an ATM as we can.
Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it – really.
So go ahead and browse our ATM FAQs. If you have any questions that aren’t answered on this page, or just want to chat about your opportunities to earn additional income with an ATM – just contact us by email or give us a call at 888-724-1114. We’ll be happy to chat with you. We’re friendly and flexible.
What Benefits Will I Get By Owning Or Leasing An ATM?
- You earn surcharge income from each transaction processed on your ATM
- Gives your customers immediate access to cash from their debit, bank and credit cards.
- Keeps your customers from leaving your business and going elsewhere to get cash from a different ATM nearby.
- Can increase your sales by up to 50% of the amount withdrawn from your ATM.
- Reduces or eliminates the need to accept cheques.
- Reduces credit card usage and the associated credit card fees.
- Generates additional traffic to your business from passers by.
- Increases your customer satisfaction and loyalty.
- Best of all – you earn surcharge revenue for every transaction.
Are There Any Monthly Charges of Hidden Monthly Fees For My ATM?
What’s Included With My ATM Purchase Or ATM Lease?
- Free Shipping & Installation
- Free Processing – No Fee
- Free Training
- Free Indoor / Outdoor ATM Signage
- Free Online Statements and Reports
- Free 24/7 Toll Free Support
- Free Maintenance and Repair
- Free Receipt Paper and Supplies
When And How Much Will I Be Paid For The Transactions On My ATM
1) The ATM Plan you choose
2) The number of transactions processed on your ATM.
Evolution Cash Technologies will directly deposit your earnings to your designated bank account on the first business day of the following month. Remember – if, at any time, you want to change your ATM Plan so that your earnings increase – we will happily accommodate you – no problems – no penalties.
How Do I Load My ATM?
How Much Can I Expect To Earn From Placing an ATM In My Business?
Where Do I Get the Money To Put In The ATM?
How Do I Get Back The Money That I Load and That Is Withdrawn From My ATM?
Each ATM has a terminal ID and a bank routing number. When someone withdraws money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back, through the routing number.
For Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will be re-deposited into your bank account within 24 to 48 hours. Any money taken out after 4:00 pm will be re-deposited the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Tuesday. Saturday and Sundays are not banking days.
All the surcharge money earned is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account,within 24 to 48 hours.
What Are The Requirements To Qualify For Free ATM Placement?
The two major factors which determine whether your business qualifies for a Free ATM are traffic volume and location.
My Business Accepts Credit Credit Cards – Is It Still Worthwhile To Place An ATM In My Location?
If I Decide To Place A Free ATM In My Business, Who Is Responsible For Filling The ATM With Cash?
Can I Get A Temporary ATM For A Limited Time Or A Special Event?
What Kind Of Reporting Tools Do You Provide?
You’ll receive detailed information about how to access your reports when your ATM is installed, and we’ll teach you everything you need to know about going online to view your transaction information.
If you have any questions about our online reporting tools, please contact us by email or give us a call at 888-724-1114.
Who is Responsible for ATM Repairs and Regular Maintenance?
If you choose to Lease or Purchase your ATM, with our Pro ATM Plan or our Premium ATM Plan then you are responsible. However, because each new ATM comes with a full parts and service warranty and 24 /7 Toll Free Support, just call us and we’ll get you what you need.
We have ATM installers and repair persons available nationwide.
For more info, please contact us.
How Secure Is The ATM?
If you feel that your ATM is vulnerable, you can always install additional lighting, security cameras, and an alarm system. Other than adding cameras and alarm systems, there are a some additional common sense security measures you can put in place:
Whenever possible, install your ATM indoors and away from large glass windows and doors.
Ensure that the space around your ATM is well lit. You will significantly reduce the risk of theft or robbery if the area where your ATM is located is brightly lit. Your customers will also feel safer using an ATM in an area that is well lit.
Install an alarm system in the building in which your ATM is located. Thieves will generally avoid ATM locations which are well lit and alarmed.
Do I Need To Insure My ATM?
The machine itself is insured by the owner 24 hours a day, 7 days a week. That means that if you have a Free ATM machine or a Leased ATM, we provide the insurance coverage for the ATM machine itself.
If you choose to Purchase your ATM machine then you should obtain appropriate insurance for it. If you do buy your ATM we will provide you with the relevant information about your ATM that you should give to your insurance broker or provider in order to arrange for appropriate insurance.
Ensure that your existing insurance policy covering cash held on-site has sufficient coverage for the cash stored in the ATM. We would suggest that you review your policy with your insurance broker or provider just to make sure that your ATM machine and held cash is comprehensively covered.
How Long Will It Take You To Install the ATM?
A Customer Informed Me That The ATM has Made a Mistake on a Transaction – What Should I Do?
When your ATM is installed, you will get the phone number for our 24/7 Toll Free Help Line. The technicians there will explain what to do. However, in short you will need to ask the customer to go to their bank and get them to recover their funds.
I Want To Change The Location Of My ATM. How Do I Go About Doing This?
I Am Changing / Have Changed My Bank Account Details. What Should I Do?
Can I Co-Brand My ATM With My Business Name?
Read out ATM FAQs to find out everything you need to know. It’s easy to get a free ABM or Free ATM and get started in the ATM business today.