YourCash answers the all-important question: what’s the cost of an ATM Cash Machine?
When running a business – say, a convenience store – it’s obvious that you need to keep control of what things cost. Working out your return on investment is a must before you enter any situation and you’ll be well-rehearsed in this within days of starting your venture.
The idea of getting an ATM cash machine in your store will probably cross you mind and you’ll probably decide you need to weigh up the pros and cons. Most importantly, what is the cost of an ATM cash machine?
Well, before we get to that part, let’s get the pros / benefits of having an ATM down on paper. (Sorry for the tease…)
Place an ATM cash machine in a prime location and customers will navigate your aisles with cash in their pocket. It’ll take strong willpower to not pick something up to buy! Even if you opt for a through-the-wall machine, you’ll create a retail space that people can use as a hub on the way home from work to collect some cash and pick up the veg for their dinner. Without the ATM, they may go somewhere else… or even go without the veg altogether!
Reduced Banking Fees
Okay, so having an ATM in your store won’t actually encourage people to eat more veg (we think, but who knows?) but it will save your business money. That is, if you opt for the merchant fill option. This model requires you to fill the ATM with your business takings. Anything dispensed from the ATM during the day is transferred free of charge to your business bank account. You may have guessed, this will mean significantly less trips to the bank to deposit your cash, meaning reduced bank deposit fees… yaaay! In fact, a customer of YourCash recently advised that using this system reduced their banking fees by 90% – imagine what that could mean for you!
Hey, guess what? People with money rattling around in their pocket are more likely to spend it – crazy right?! It won’t surprise you that this means impulse spending increases when you have an ATM installed. Basket spend also surges (by an average of 65%) and couple that with the increase in footfall that we’ve already walked you through – it looks like you’re onto a winning retail solution here!
Value for the Community
Your community relies on you to provide what they need, when they need it. That’s true whether you’re based in a remote suburb or in a prime city centre location. The better the service you provide, the more they value you and show you loyalty. Show them how much they mean to you and give them a service they deserve – reliable, easy access to their cash in an environment they trust.
Okay, so let’s get to it – what’s the cost?
There are plenty of other benefits of having an ATM (e.g. reduced queuing times). BUT, as you’ve come so far, we can reveal that YourCash supply cash machines for a grand total of £0. We’re serious – we provide the machine, installation, maintenance, servicing, technical support, marketing material and even consumables completely free of charge.
So in answer to the question “What’s the cost of an ATM Cash Machine?” – Absolutely nothing!
If you don’t believe us, give us a call on 0800 032 0707 or contact us here and we can explain it to you.
If you do believe us, we guess you’ve probably already picked up the phone. Speak to you soon!