Your now officially a registered business (LLC) and have your EIN. Take your EIN to the bank and open your business bank account. (EIN needed for this step) Large banks may not like your business, since you are competing with their ATM. I'd recommend going to a Credit Union.
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The ATM CONTRACT store above was my store. I've since taken this store down. DM me if you're interested in getting a hold of the contract.
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I’m trying to understand the bank cash...
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Like it’s your personal cash
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So you load your own cash into the ATM. Customer pulls out $20 with their Debt card. Their Debt card is charger $20 + the surcharge rate you've set. Your business banking account you setup earlier, using your EIN, is connected to the atm when installed by your ATM provider.
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So the customers account is charged $23.50 and your business account is credited $23.50. It's basically like doing cash back at a register, only you get charged $3.50 to do so at the ATM.
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You are providing people with cash on the spot and charging them $3.50 as interest for borrowing from you, is an easier way to look at it.
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That makes a lot of sense. Thanks for the clarification
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Thank you for THIS
@tellfisher -
No problem homie! Hope it helped

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One of my relatives has an atm business. Last I heard it was over 400 in 12 states. Biggest expense at that scale: armored car service to stock the machines. Yeah, it pretty much prints money.
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Ahaha damn homie! Ya loading the ATM is the most sketch part. Especially if you're in a bad neighborhood.
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Good shit man
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