Most small business owners like to keep their business all cash and a Cashless ATM allows you to keep it that way. If you're taking Credit Cards, STOP! Why pay hundreds of dollars in Credit Card fees monthly, when you can put cash in your customers' hands to spend at your business, plus make money on every transaction.
Merchant FAQ |
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| How does a Cashless ATM work? |
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Casless ATMs work just like a standard ATM except they don't dispense cash. They dispense a receipt that is redeemed for cash at the merchant's counter. |
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Example:
- Customer slides their card through the Cashless ATM.
- Customer enters WITHDRAW.
- Customer enters the dollar amount they want.
- Customer enters their personal PIN.
- Cashless ATM prints a receipt that is redeemed for cash at the merchant's counter.
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| Will a Cashless ATM increase my sales? |
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Yes. From a national average, 35% of money dispensed from an ATM is spent back at that same location. For Bars and Night Clubs, it is an average of 85%. |
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| Why don't I just start taking Credit Cards? |
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If a merchant wants to start taking credit cards that's perfectly fine and as a matter of fact we can set that up for you. The problem is that credit card processing costs the merchant hundreds to thousands of dollars each month. A Cashless ATM pays the merchant and still provides cash to their customers. |
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| Do I need a dedicated phone line? |
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No. In most cases, you can use your existing phone or fax line. |
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| Since the Cashless ATM runs on my phone line are there any long distance charges? |
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No. The Cashless ATM dials up a toll free number so there are no long distance charges. |
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| Is there a monthly fee? |
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Yes. When your Cashless ATM is set up for the first time there is a one time charge of $30.00 for programming the ATM. The processor will then charge a batch fee of $5.00 per month. |
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| Do I receive monthly reports? |
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Yes. We provide online reports for free. |
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| Is there any signage provided? |
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Yes. We provide door decals at no cost. Neon fluorescent window ATM signs are $75.00 and hanging twirlers signs are $25.00 |
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| How fast do merchants get their funds? |
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The funds that merchants pay out when their customers use the Cashless ATM are deposited back into their bank account in 1 to 3 business days. The profit made from the surcharge is deposited into the merchants account by the 20th of each month, for each previous month's transactions. |
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| When I sign up, how long before I can expect my equipment? |
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Once the simple paper work is done, it takes about 7 to 10 days. |
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| What about charge backs? |
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Charge backs are not an issue with cashless ATMs since they only perform PIN based transactions. |
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ATMs 