I was wondering if anyone on here owns one. Im trying to weight the option of buying my own ATM or letting a bank provide one for me. I hear they run around $2,500. There will be plenty of transactions at my business but I'm more concerned about the maintenance issue.

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Posted by Ric Flair

Charlotte

Member since Oct 2005

13821 posts

Posted on 8/21/08 at 5:03 pm to STEALTH

No experience with this, but I'm sure there are vendors that will split the fee with you and do the maintenance themselves.

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Posted by Golfer

Member since Nov 2005

75052 posts

Posted on 8/21/08 at 5:14 pm to STEALTH

quote:
ATM Machines

One of my pet peeves...along with PIN Number...

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Posted by LSUDrinka

Chicago

Member since Jul 2005

5549 posts

Posted on 8/21/08 at 6:42 pm to STEALTH

for a while I looked into getting one for a bar who's owner I was friends with in NYC.

the fact is that if you are not there all the time to stock it with cash, maintain it, fix it when its out of order. . . then you're better off googling "free atms" and getting one from a company that manages it completely and just gives you like 30 cents a transaction. (or something else minute but would nonetheless be passive income)

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Posted by Giggetygigetty

Member since Jan 2007

25 posts

Posted on 8/24/08 at 2:32 pm to STEALTH

There is a company I deal with. You can purchase the machine ( a Triton) for around $3300, put your own money in and make $2.50 a transaction. You can opt to give them .25 cents per transaction and they fix/maintain any problems w/the machine. The money taken from the ATM is put in your checking within a day, weekends are put in on Mon/Tues. You receive a fee check at the end of the month. My machine paid for itself in 6 months. I haven't had a problem with the machine in 2+ years.....

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Posted by cenla tigah

cenla

Member since Sep 2007

5521 posts

Posted on 8/24/08 at 3:18 pm to Golfer