Is My Site Good for an ATM?
Best Locations for ATMs
Business owners of all types (small, medium, and even large) may start to wonder, “Would it be good to have an ATM on site?”
A few of the best (and most popular) locations types for ATMs are:
- Gas Stations
- Convenience Stores
- Bars and Night Clubs
- Restaurants
- Casinos
- Hotels
- Hospitals
- Concert and Sporting Venues
- Cannabis Dispensaries
- Amusement Parks
- Service clubs (VFW, American Legion, Eagles, etc)
- Grocery Stores
If your business falls into one of these categories (or similar), your site may be a good fit to either purchase an ATM, or look into free ATM placement.
However, if your business doesn’t fall into one of the most common areas for an ATM, your site still may be a good fit for an ATM.
How to Determine if Your Store/Business is a Good Fit for an ATM
Here are a few questions to ask yourself to see if your business is a good fit:
- How much foot traffic does my business have? A busy store of any kind could very well benefit from having an onsite ATM.
- Do customers frequently ask you where the nearest ATM is? If so, this could be another indicator that an onsite ATM is not only needed, but would be beneficial for your business.
- Would your business be the only one within walking distance to have an onsite ATM? If so, what are you waiting for? Being the “only ticket in town” is a FANTASTIC opportunity. Not only will your ATM be used by your normal foot traffic, but you will also gain foot traffic from customers using the one and only nearby ATM. More customers? Who doesn’t want that?
- How do your customers normally pay? With cash or credit/debit card? All cash or heavy cash use businesses of any types are great ATM sites.
Benefits of Having on Onsite ATM
If you have determined that your business would be a good fit for an ATM machine, here are just a few of the benefits of having an onsite ATM:
- 80% of the money withdrawn from an ATM is spent in the establishment.
- Reduce credit and debit card surcharges by having customers pay cash.
- Builds foot traffic. People depend on ATMs. Having an ATM onsite can attract additional customers.
- 25% increase in impulse purchases are made when a customer has cash in hand.
- Additional revenue from ATM surcharges.
Getting an ATM for your Business Site
There are a couple different ways to have an onsite ATM at your place of business. Read more about Owning an ATM vs. Free ATM Placement.
Lieberman Companies is an ATM distributor and certified ISO processor. We offer secure transactions, competitive pricing, and outstanding technical support. Located in Minneapolis, MN, we have longevity in the ATM market and operate machines throughout the United States. Lieberman has been in business for over 111 years and prides itself on honesty, integrity and giving back to the communities we serve.
If you would like more info on a New or Used ATM purchase or to see if you qualify for free ATM placement, our friendly and knowledgeable ATM Specialists will be happy to assist you. Contact us at 952-887-5285 or simply fill out the form below to get started.