Automated Teller Machines (ATMs)

An ATM is an Automated Teller Machine. It may be placed at your merchant location to provide your customers with a convenient way to withdraw cash through their debit or ATM cards. 

The costs associated with having an ATM at your business vary depending on factors such as the type of ATM, your leasing or purchasing options, maintenance fees, transaction fees, and any surcharges you may collect to offset the cost. Call or email one of our helpful sales representatives at 866.651.8724 or info@ecspayments.com to discuss your options further.

Yes, an ATM requires an internet connection to successfully process transactions. An internet connection can be made wirelessly through Wi-Fi, cellular networks, or a wired connection, such as with ethernet or a phone line. 

Merchants can earn revenue by implementing surcharges on ATM transactions, such as charging a convenience fee when a customer withdraws cash from your ATM. This fee is revenue for your business as compensation for hosting the ATM at your location.

Your ATM service provider is responsible for maintaining and servicing your ATM. They handle tasks such as replenishing cash and resolving technical issues. 

ECS’s ATMs are equipped with many security features to protect against fraud, including tamper detection mechanisms, secure PIN entry, and encryption technology. It is also recommended to have surveillance cameras installed near your ATM to capture any illegal activity.

Placing an ATM at your business offers several benefits. It can attract more foot traffic to your location by providing convenient cash withdrawal, and you can also earn additional revenue by implementing surcharges on each transaction, as mentioned previously.

If your business offers cash discounts, is a cash-only business, or wants to offer more convenience for customers—regardless of the payment options you already offer—you may want to consider getting an ATM for your business.