As a small business, it can be challenging to keep up with ever-changing technology. However, if you want to remain competitive with larger corporations, it is a must. One of the ways you can improve your customers’ experience and operate more efficiently is to introduce countertop ATMs. If your business has been trying to stay ahead of the changes in payment processing to safely accept debit and credit cards from customers, you will definitely appreciate the benefits of having a countertop ATM.
What is a Countertop ATM?
A countertop ATM is exactly as it sounds: a small device that can fit on your counter – similar in size to a normal card payment terminal – that is in fact an ATM. Your customers simply process their card, just like they would at any cash machine. Instead of releasing the money from the ATM, however, the customer is given a “Scrip”. A piece of paper that shows the amount for the customer’s withdrawal; the business pre-sets the limit values for withdrawals (e.g. $10, $20, $30, etc.).
As a merchant, countertop ATMs provide an opportunity to save money, while also generating revenue. You can charge anywhere from $2-$4 for each transaction. The amount of this fee is arranged during the process of setting up the system and when your business signs its agreement.
Ultimately, this solution provides your customers with multiple processing options to pay for their goods and the chance to receive change. They might even decide to spend the amount they have withdrawn with your business; thus, you are providing your business with the ability and opportunity to boost sales.
Where Can I get a Countertop ATM?
If you are interested in what a countertop ATM could offer your business in both options and flexibility, consider working with First American Merchant. First American Merchant is an award-winning company that boasts an A+ rating with the BBB, and has years of experience in offering merchants affordable business funding options and secure payment processing solutions. The application can be completed in a matter of minutes, and accounts are setup in as little as 24 hours.