Frequently Asked Questions PDF Print E-mail

Why do I need an ATM?

 

People depend on ATMs for cash. An ATM at your location attracts customers by allowing them to combine banking and shopping in one trip. The typical ATM customer spends 20-25% more than a non-ATM customer.

 

*Increase Customer Dollar Volume per Client – More Disposable Income
*Attract New Customers to Your Business - Trafficability
*Immediate Monthly Income – Secondary Stream of Income
*High Demand, Proven Profitability
*24-Hour Operation Profit Center
*No Additional Labor Costs
*Revenue Sharing, Profitable from the First Day of Operation
*Decrease Transaction Fees and Percentages of Your Credit Card P.O.S. Terminals
*National & Regional Networks
*24-Hour Internet Monitoring Service Insures Operability
*FREE Placement – No Capital Expenditure
*No Long-Term Contracts

 

My company accepts credit cards - Is it still worthwhile to place an ATM Machine?

Absolutely! This will not only put available cash in the hands of your customers, but it will also help save you money on your credit card processing fees.
 

What are the main reasons I could benefit from owning or leasing my own ATM?

Here are some of the benefits of having an ATM in your business or location.

    * Allows your customers access to their available cash from their debit, bank and credit cards.
    * Keeps your customers in-house so they don’t leave your location to get cash from a different ATM   nearby.
    * Increases retail sales by up to 50% of the amount withdrawn from your ATM.
    * Reduces or eliminates the need to accept checks.
    * Reduces credit card usage and credit card fees and expenses.
    * Generates store traffic from walk by traffic.
    * Increases your customer satisfaction and loyalty.
    * Best of all; receive surcharge revenue for every transaction.


How much will it cost me?

Not as much as you may think and not as much as it was 5 years ago. You have options to minimize the out - of - pocket expenses. If you desire the Free ATM placement program and qualify, then it costs little to nothing at all. The programs all equal "Risk vs. Reward".

 

How much revenue can I expect to generate from an ATM placement?
That generally depends on the amount of foot traffic your location has on a daily basis. The rule of thumb goes like this. 3% - 5% of the foot traffic that actually sees the ATM machine will use the ATM. So let’s figure that you have a total of 300 people a day coming through your doors, and let’s say that you are charging a $2.00 surcharge per valid withdrawal. If you take the middle road that 4% of the people that see the ATM machine will use it. Then you can count on your new automated teller machine to generate you a minimum of 360 transactions per month at $2.00 per valid withdrawal. That comes out to $720 per month or a total of $8,400 per year. All that from one ATM machine at one location.

 

What’s included with each ATM purchase or ATM lease?

    * Free Shipping & Installation
    * Free ATM Lighted Neon Sign
    * Free ATM Lighted Topper
    * Free Online Web Reporting
    * Free Receipt Paper For Life
    * Free Processing with pass through bank fees.

 

Is it safe?

Yes! Not just because the ATM machine is bolted down to the floor , but it is safer for the customers to use because it is inside your location and now even safer because of the new Triple DES encryption that is being used! And yes, it is safer for you too!  It eliminates the need to keep large amounts of cash in your registers or at your service counters. Your customers will appreciate being able to access their cash in a secure, comfortable environment inside your location.

How secure are ATM Machines from robbery?

ATM machines are broken down into two different types of ATM classifications.

    * Level 1 armored ATM: Level 1 ATM’s are used primarily as outdoor ATM’s. Such as outdoor entertainment districts, outdoor flea markets, outdoor concert and events, etc.
    * Non-armored ATM's: Non-armored ATM’s are used primarily for indoor locations that are closed to the public when employees are not present. Such as indoor malls, movie theaters, night clubs, restaurants, bars, etc. Good examples of non armored ATM’s are the Triton 8100 ATM and the Hyosung Mini Bank 1500 ATM.

How do I load my ATM & What happens to my money as I stock the ATM with cash?

Once your ATM is installed – you will be trained on the procedure of loading cash into your new ATM machine. This is similar to a vending machine. Your cash is inventory, your Surcharge is fee.Your money will be re-deposited back into the bank account of your choice on a daily basis as customers withdraw cash from your ATM. During the regular work week, your cash will be re-deposited back into your account within 24 hours from the time it was withdrawn from the ATM. All weekend transactions which include Friday, Saturday and Sunday, will be deposited the following Monday.

 

When, and how much can I be paid with my own ATM?

Once the new ATM has been in service for one month, you will receive a detailed monthly report that details the total number of transactions, total cash dispensed and total surcharge revenue earned for the month. You will make 100% of the surcharge revenue less banks pass through processing fees generated by your ATM (automated teller machine). Citywide ATM will mail out monthly residual checks along with your detailed statement summary on the 15th of each month.

 

What kinds of reporting tools do you offer?

We offer real-time online transaction statistics. You will be able to view over a dozen different reports such as detailed transaction history, low cash alerts, monthly transaction totals, etc. If you have any questions about our online reporting tools, please contact us by clicking here.
 

Can I co-brand my ATM with my company name?

If the ATM machine is owned entirely by you, then yes you can.

What happens after my one (1) year WARRANTY expires?

More than 98% of your service calls will be fixed over the phone? Parts are not that expensive and can be there normally in less than 2 days, most all by the next day or even that day. Based on experience, we expect you to pay about $100.00 - $ 300.00 per year at the most! There is no need to pay for something you will not use!

How many service calls will you need after the 1st year?

Usually, we go out to service these models about once a year for parts or repair. You will not be left without someone to service the ATM or supply parts. Also, why pay for something you won't use? Keep the money in your pocket!

Can I acquire a temporary ATM Machine placement for a limited time event?

Yes you can! Simply email us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it and we can discuss your options.

On a Free ATM Placement, who is responsible to fill the ATM with cash?
Citywide ATM is totally responsible to keep the ATM machine filled with cash at all times. With a free ATM placement, we handle everything.(qualified Locations)
 
Whose is responsible for machine repairs and regular maintenance?

With a free ATM placement, we are 100% responsible for all repairs and maintenance. If you own the ATM, then you are 100% responsible for all repairs and maintenance. Please remember, each new ATM comes with a full parts and service warranty. For more info, please contact us .

What are the requirements to qualify for free ATM machine placement?

Traffic volume and location will determine eligibility. fill out this form to to qualify.

How do I pay?

TERMS OF SALE: Cash, Check, Cashiers check or other accepted currency in the amount of up to 25% of total price as deposit. The balance due must be paid by Certified Funds upon delivery, installation and training & We also offer 3 months same as cash WAC 25% down and 3 equal payments of 25% each paid 30 days apart.

I hope this site has answered all your question, if you need further information. Please click here.

 
  • Atm as low as $79 per mo.
  • or 90 days same as cash
  • No application Fees
  • Free Shipping
  • Free Installation
  • Free Training
  • Free Sign Package
  • Free 24/7 Internet Reporting
  • Low processing Fees
  • Distributors price for retailers
  • Free Extended Warranty
  • Free paper Supplies
  • Free Tech Support.
  • 90 Days price guarantee



 
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