Even though cash isn't nearly as popular as credit and debit card purchases anymore, there are still businesses that can benefit from having an ATM in their storefront. There are many advantages your business can gain from an ATM as well, so don't discount them just because cash isn't as popular as it once was.
At US Merchant Systems, we aim to provide our clients of all business industries with the merchant services they need. We understand that the needs of one business will not necessarily be the same for another, which is why we offer a wide range of merchant services. Before you sign up with US Merchant Systems, let our experts fill you in on how some business can benefit from having an ATM.
Business that Should Purchase an ATM
ATMs have been benefiting businesses for years. Yet, the growing popularity of credit and debit cards hasn't stopped these businesses from benefiting from having an ATM. Many businesses are able to process credit cards, but keep an ATM on their property for a few reasons.
First, customers love to have options, especially when it comes to how to make payments. ATMs give customers an additional method of payment, making it more likely that more customers will journey into your store. Some of the businesses that can benefit from placing an ATM in their store are:
- Bars and Nightclubs: Many nightlife patrons prefer to pull money out of their account rather than use a credit card for their drink purchases. This way they know exactly how much money they have spent and ensure they don't go over their limit.
- Convenience Stores: While most convenience stores accept credit cards, many customers still prefer to make these purchases with cash. It can make the entire process faster, especially if the point of sales system is older.
- Restaurants: Many restaurants purchase an ATM for their store so that customers can pull out money for tipping their servers. Some customers just prefer to use cash to pay for their meals as well.
- Retail Businesses: Any retail business can benefit from an ATM. Typically, these stores are located in a shopping center and some customers will want to pull out a desired amount of money beforehand so they don't spend too much money.
Benefits of ATMs
While cash has fallen out of popularity in favor of credit and debit cards, some customers still prefer the use of cash to plastic. While an ATM is not for every business, some industries can benefit from them. In fact, the benefits of an ATM are far-reaching.
An ATM could increase foot traffic to your place of business. This is especially true if you are already in a metropolitan area where people walk most places. An ATM in your storefront could benefit the surrounding stores as well, making your local economy stronger. The more popular the shopping area around your business, the more customers you will bring in, and an ATM can help this.
USMS ATM Services
If you think your business could benefit from purchasing an ATM for your storefront, US Merchant Systems is here to help. You can contact us here, or give us a call at 1-800-655-8767 to get setup today!