For your first few ATM, Id recommend buying new. Once you understand the business you can begin buying used ATM. Just be careful to not get scammed. With new EVM chip laws, you will not want to buy an older ATM.
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With companies like
@Cardtronics, they will ship the ATM to your store location and install it for you.1 reply 0 retweets 12 likesShow this thread -
Your ATM is now installed. Everything is good to go. You as the ATM owner will set a surcharge rate. This will vary from location to location. Here in Ohio, an average ATM surcharge is ~$3.50. You load your atm with cash and sit back.
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Everytime someone uses the ATM, They withdraw (ex:$20) plus are charged the $3.50. So the customer pulls out $20, but is charged $23.50. You as the ATM owner just made $3.50 for doing absolutely nothing.
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ATM location is the key to this entire business. If you are in a prime location (dispenseries) you could make $3k a month per atm. I'd say this is the high end of the business. On average, you can make $400-$1,000 a month if your location is good.
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That's $400-$1000 for maybe an hour's worth of work. Now imagine owning 10 different ATM in 10 different locations. Things begin to add up.
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Your main job as the ATM owner will be ensuring your ATM is loaded with cash at all times. ATMs take approximately 1minute to fill. They will be filled with your own personal cash, but remeber, the (withdrawn amount) + (surcharge) is sent back to your bank account.
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Replying to @tellfisher
How much do you need to have access to to stock the ATM?
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Replying to @mystcrich
Depends on the location. $200 is the max you can pull out of an ATM. If you're location is a club.. be prepared for a lot of big transactions. Of you're in a barbershop.. probably a lot of $20 withdraws. 2k cash can work in a barbershop.
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Replying to @tellfisher @mystcrich
You can connect an app to your ATM and always tell hoW much cash is on your ATM. So if you're willing to restock it every day, as little as $600 could suffice.
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Wow I apologize for the typos and **Your 

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