ATM Benefits
BOOST SALES
- Approximately 70-80% of withdrawal will be spent at your store.
- The average spend in a drug store doubles from $17.76 to $36.65.
- In 2017, ATMs generated an extra revenue averaging $982 a month, more than $11,784 annually.
INCREASE FOOT TRAFFIC
When you have a well-advertised ATM, people will come to your store to use it. These potential customers will enter your store, giving you an opportunity to make a sale.
REDUCE CARD FEES
Credit and debit cards processing fees average 4%, meaning that you are giving away 10% of your revenue!
That's why cash is king!
More ATM Facts & Benefits:
FACTS:
- The typical ATM customer will spend 15% more than a non-ATM customer in a convenience store. This percentage rises in a bar, nightclub, or restaurant location.
- Indoor and free standing ATMs are the most widely used types of machines, followed by drive through machines.
- Half of adult Americans use ATM machines on a regular basis; higher income Americans use them most often
- 40% of regular ATM users will visit a machine an average of 10 times per month
- 60% of Americans between the ages of 25 and 34, and 51% between 35 and 49 use ATMs an average of 8 times a month
- The average withdrawal is $60.00
- According to a recent survey, 43% of customers prefer to receive cash from ATMs regardless of whether or not their bank is open or not
BENEFITS:
- The average ATM customer will spend a substantial portion of site accessed money with your business.
- Brings customers to your business so that they may access the ATM.
- Provides ultimate convenience to your customers.
- Saves your business from having to take checks.
- Eliminate credit card charge backs.
- Saves your business the percentage you would normally pay the bank on credit card transactions; it generates income with every transaction.
- Attracts more customers, increases sales, and reduces bad check losses