Is The ATM Wholesale Business The Right Investment For You

djamal-soft الأربعاء، 26 مارس 2014
By Gwen Lowe


ATM machines have become indispensable in today's economy. People all over the world prefer to use these machines to draw out money for their daily needs, rather than go to the banks where lines can be long and transactions can take so much time. For sure, these machines will be around for a long time because of the convenience they provide consumers. If you have been offered to go into the ATM wholesale business, there are a few things you would need to consider before you dive into it.

Nowadays, you don't just find these ATM machines in banks or other financial institutions. You'll find them in supermarkets, drugstores, convenience stores, shops and other places where there is high traffic. Thus, if you have a store or you know of a location where people often go, you can use this opportunity to set up an easy business that does not demand much of your time.

Once you have made the decision of investing on an ATM machine, you need to consider how you can enter this business. Do you intend to own, rent or lease? Do you have a good location in mind? If you decide to own one, remember that there are additional costs every month, the highest of which is the maintenance cost. These costs include mostly the maintenance fees, staff wages, if you are employing people, transportation costs and other incidentals.

Some ATM companies are set up as franchises, while others allow you to rent their machines for a monthly fee. Although choosing a franchise means a higher initial investment, you get benefits from the franchise parent company such as help in finding the best locations, assistance in managing the business, bookkeeping and maintenance of the machines. Usually, you can get parts and services cheaper from companies selling wholesale ATM machines.

An ideal ATM supplier is one that not only sells you the machines, but also provides post sales services. Some companies can give you both direct purchase or lease-to-own options. Consider all these options before you sign the agreement. Keep in mind that the cheapest machine may not be the best one to buy, as these may have problems or the company may provide poor customer service.

Take care not to buy second hand ATM machines that are sold on internet sites. Many of these old machines do not have the capacity for password encryption, like the new ones have. You may be buying junk, so assess the machine carefully before you buy. Password encryption is important because it secures every transaction. Try to get only ATM machines that come from reputable suppliers.

After choosing a good supplier, get a copy of the agreement before you sign. Some suppliers may require you to sign a long-term contract, while others may just ask you to sign up to 2-3 years. Find out how much are the fees and other incidental costs that you have to pay prior to installing the machine on your chosen site.

Remember that if your machine breaks up frequently, you will be losing business everyday. Consider 2-3 ATM machine suppliers and study what they are offering before you buy a machine. Make sure the company will give you a daily transaction report and hat there are no hidden fees that you are not aware of when you sign the agreement.




About the Author:



Blogger Template by BlogTusts Sticky Widget by Kang Is Published by GBT.

ليست هناك تعليقات:

إرسال تعليق