4 Things You Need To Know About Renting An ATM

Posted on: 29 December 2017


Renting an ATM can be a great way to bring in additional revenue at your place of business. Specifically, having an ATM within your business can increase the amount of cash your customers can have on hand to spend. Before you rent an ATM, however, there are some things you need to know to make sure you make the right decision for your business.

Know the Difference Between Renting and Buying

Start by crunching some numbers and making sure that it's actually in your best interest to rent an ATM versus purchasing a machine outright. Each option has its inherent benefits. For example, with a rental ATM, you likely won't have to worry about ongoing maintenance on the machine, but you'll also spend more money in the long term than you would with purchasing one outright. Take some time to figure out which option is truly best for you and your unique needs. You can take a look at a website like http://maritechatm.com to learn more.

Understand Reporting Options

If you want to be able to keep track of how often your ATM is being used and other important metrics, then you'll want to make sure you find an ATM rental that offers detailed reporting options. Depending on the company and machine you go with, you can get some very detailed reports on how your machine is being used, as well as average withdrawal amounts and peak times/days of use. These insights can be useful for you as a business owner.

Be Aware of Fees

Aside from your monthly rental fee, make sure you're aware of any additional fees you may have to front as part of your agreement. For example, will you be required to pay a small percentage of the ATM service fee each time it is used? What other indirect costs might you expect to incur with your ATM rental?

Inquire About Maintenance

Finally, while some level of maintenance is usually included with an ATM rental, you'll want to ask about the specifics. What will be covered by your ATM company's maintenance team, and how often will they come out for routine maintenance? What should you do and who should you call if the ATM experiences a technical problem?

Overall, renting an ATM can be a great choice for your business. Just be sure to keep all this information in mind as you shop around to find the machine and rental company that will best suit your unique needs and budget.