Frequently Asked
Questions About ATMs
Cashless ATMs
1. How do Cashless ATMs
work?
They work like traditional ATMs except there
is no cash in it. The customer swipes their bankcard and inputs
their four digit pin code. Customer then selects a dollar amount.
The machine dials out to the networks, verifies funds and prints out
an approved Cash Voucher/Receipt. This is redeemed with your staff
for products/services, and/or Cash back. No need to stock the
machine with cash like traditional Cash ATMs. Free ATM
Placement
2.
How does the Merchant make money?
You make money for every "approved" transaction. (This is
the opposite of credit card processing where you pay fees for every
customer transaction.) Every time a customer receives an approved
cash Voucher/Receipt you make money.
3.
Will my average check go up?
People
spend more impulsively when they have more money. You should see an
increase in the average check from customers who use an ATM.
4.
What is the typical surcharge range to
customers?
$1.50 to $2.00.
5.
How much money can my customers receive?
You set the limit. Most of our Merchants set the amount at
$10, $20, $30, $40 & $50. You may choose to increase the
amounts.
6. Do most Bankcards work?
Yes. Most ATM/Debit cards work providing the customer uses a
valid pin number.
7.
What is my income on the Purchase Program?
On the purchase program you receive 100% of the surcharge
less a $.50 processing fee. We pay you for every transaction. The
free placement program depends on the location.
8.
When do we get our money from daily
transactions?
As soon as your Cashless ATM customers
do an approved withdrawal transaction, the funds are starting to
move to your bank account through the Federal banking system (the
Federal Reserve). Your monies are deposited into the Federal Reserve
System, where the money is insured by the FDIC. The funds will be
transmitted via electronic funds transfers (EFT) to your bank each
business evening and will be posted to your account in one or two
business days. The EFT network is the same used by major financial
institutions. Transactions are processed through encrypted
communication technology making each transaction safe.
9.
How do the daily monies go into my account?
The voided check or bank letter confirming your routing and
account number that you submit with your paperwork allows the
processor to transmit your funds to your bank. Before your machine
is live, our processor contacts your bank to verify your account,
routing numbers and your bank's ability to receive electronic
transactions. After verification, your account is ready to receive
settlement funds.
10.
When do I receive my monthly portion of the
surcharge income?
You get paid for all of your
approved transactions at the end of the following month for the
previous month (ex. July payments are made by the end of August).
11.
How much is a Cashless ATM? Basic
Cashless ATM including phone cord, power transformer, and
promotional package cost is $999. Basic Cashless ATM with Kiosk
including phone cord, power transformer, and promotional package
cost is $1,495. Cashless ATM
Pricing
12.
How do I pay for my Cashless ATM?
We
accept company checks, personal checks, money orders, and cashiers
checks. Leasing is available.
13.
How long does it take to receive my Cashless or Free
Placement ATM?
You will have your programmed
Cashless ATM machine, initial supplies and sign/promotional package
at your location within 21 days after we receive and approved your
paperwork.
14. What do I need to do when my Cashless
ATM arrives?
Your machine arrives programmed and
ready to use. Plug in the power-cord, connect to your phone jack,
place your signs, run a test transaction (easy start instructions
provided). Now you're ATM is live, and ready to process
transactions.
15.
Is a dedicated phone line necessary?
No, it is not required. You can share with a fax, security
or modem line. Don't share with a line that has call waiting or is
used a lot. You do not want to do anything to disrupt your
customer's transaction. Our Cashless ATMs dial toll free or local
numbers, using your existing phone line in the same or less time
than regular ATM Cash Machines.
16.
What are the power requirements?
Standard 110 volt outlet.
17.
What kind of signs are included?
Push/Pull signs for your doors. One red 16'' x 22'' plastic
indoor/outdoor sign that says "ATM Inside" and a three-sided dangler
that hangs over the Cashless ATM. View sign
packages
18. What is included with a Free
Placement?
• Cashless ATM • Power cords •
Signage • Countertop display • Initial Paper • Training
• Web Access
Apply Now
Frequently Asked Questions
About ATMs
Cash ATMs
1.
Why should our business have an ATM?
Many reasons. (See Facts and Benefits pages.)
Very simply, ATMs put more cash in your customer's hands, which
result in more purchases, higher checks and customer convenience.
ATMs also help reduce or eliminate high credit card fees and bad
checks.
2. How do we make money on a Cash ATM?
An indoor off premise Cash ATM will average
approximately 300+ transactions per month. The average cash
withdrawal is approximately $70.00. Your cash sales should increase.
You set the surcharge. (See Facts and Benefits pages.)
3.
What is the typical surcharge range to
customers?
ATM surcharges range from 1.50 - $2.00.
4.
What will make my ATM(s) successful?
 |
• Good Visible
Location
• Solid Foot Traffic / High Volume
• Visible ATM Signage
• Easy Access for Your Customers |
5.
What are the power and phone requirements?
Standard 110 power outlet (power surge protected
preferred) and a dedicated telephone line is highly recommended. The
ATM only dials local or toll free numbers. No long distance charges.

6.
Who installs and trains me in my ATM
operations?
You will have a professional Service
Technician install and train you in all operations. You will also
have our toll free customer service number to help you if needed, as
well as your ATM reference manual. Running an ATM is simple.
7.
When do we get our money from daily
transactions?
As soon as your ATM customers do an
approved withdrawal transaction, the funds are starting to move to
your bank account through the Federal banking system (the Federal
Reserve). Your monies are deposited into the Federal Reserve System,
where the money is insured by the FDIC. The funds will be
transmitted via electronic funds transfers (EFT) to your bank each
business evening and will be posted to your account in one or two
business days. The EFT network is the same used by major financial
institutions. Transactions are processed through encrypted
communication technology making each transaction safe.
8.
How do the daily monies get into my Bank
account?
The voided check or bank letter confirming
your routing and account number that you submit with your paperwork
allows the processor to transmit your funds to your bank. Before
your machine is live, our processor contacts your bank to verify
your account, routing numbers and your bank's ability to receive
electronic transactions. After verification, your account is ready
to receive settlement funds.
9.
How much money do I need to place in the Cash
ATM?
Depends
on your business and number of transations. The typical range is
$400 - $800 daily. Don't forget you are making money on your money.
10.
When do I receive my monthly portion of surcharge
income?
You get paid for all of your approved
transactions at the end of the next month for the previous month
(ex. July payments are made by the end of August).
11.
Can I go online to review my ATM?
We
will provide you with passwords to access our processors proprietary
website. The transaction activity is updated every day which is very
helpful for your cash management.
12.
How much are Cash ATMs?
Different
manufacturers have different makes and models, see cash
pricing. A basic cash dispensing ATM can run approximately
$3,495 or approximately $80 per month for a lease.
13.
Can I make more money by switching to ATM
DEAL?
If you're processing with another company and
are looking to earn more of each approved transaction, we can help.
If your contract is expired, or the company has not performed as
promised, we would add your business to our national processing
network. We process transactions for every major ATM manufacturer
and can drive transactions for most makes and models.
14.
What is included with a free placement?
• Cash ATM • Installation • Training • Web
Access
Apply Now Please contact us with any
questions you have.
|
HOME |
SPECIALS | ORDER NOW | LINK PARTNERS | SITE MAP | CONTACT
US
|