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Frequently asked Questions

Can't find the answer you're looking for? We've compiled a list of our Frequently Asked Questions (FAQs) to help you out. If you still have questions, please contact us here or call our office at 405-921-2792.

How do you make money with an ATM?

As an owner of an ATM machine, you make money each time a customer uses your ATM to take out cash. A convenience fee or charge is placed on the transaction and you collect that fee and are paid on a daily basis.

How much money will I make?

The amount of money you make will depend on how much business (foot traffic) you get on average and how much money each customer withdraws. In most cases, about three to five percent of the business you get will use your ATM.

What does it take to place an ATM in my business?

  • Dedicated Phone
  • Electrical Outlet
  • Who is responsible for the phone line, internet connection & the electrical costs?

    The costs of the communication can normally be absorbed by the merchant if there is an existing phone line not in full-time use or there is easy access to connect the ATM via the internet. If this is not an option, there are wireless options that typically cost anywhere from $15.00 to $20.00 per month. If this is the case, again it's up to the parties involved to negotiate this cost.

    What is the difference between Free ATM Placement & Buying An ATM?

    When you choose Free ATM Placement, you will get your ATM machine, no fee processing, free shipping & installation, and free online web reporting. You’ll also get a lighted neon ATM sign at no charge to you. If you choose to Buy An ATM, it is best to contact us so that we can assess your capital needs.

    What are the advantages of Free ATM Placement?

    When you choose Free ATM Placement, OK ATMs offer full-service ATM placements if you qualify. There are no costs to you, we provide and install ATM, we fill with cash and handle repairs, you receive surcharge revenue from transactions, you incur reduced credit card fees and returned check cost, and cash withdrawn from an ATM is spent at your site. See if you qualify by requesting a Free Quote here!

    What are the advantages of Buying an ATM?

    When you Buy An ATM, you own it, make your own hours, and you can even run the business part-time. It's easy to monitor, there are normally no employees, the books are easy to maintain, the risk is spread amongst several locations so if you lose a location you can find another location. The business can be grown fairly easily for a person with ambition and time to dedicate to finding new locations. If you have current customers, referrals and word of mouth are great ways to grow your business.

    Where are these ATMs typically placed?

    ATMs are normally placed in Convenience stores, Gas stations, Hotels, Bars, Cash-only businesses, or other high traffic areas.

    How much does an ATM cost?

    ATM machines can range anywhere from $2000-$5000 depending on several factors. The main factor determining the price is the dispenser. An ATM dispenser is the device inside the ATM that holds and dispenses the cash. There are varying sizes and types of dispensers and when the dispenser can hold more cash and dispense more than one denomination, the price of the ATM goes up.

    How much do the machines hold in cash?

    The cassettes in the ATM and dispenser are variable and can hold anywhere from $20,000-$50,000. Machines are normally single denominations and 20's are the norm although machines in some locations can have multiple denominations and can dispense 5’s or 10’s along with 20’s. A typical machine holds 1000 notes or $20,000 in 20’s and this is a good standard machine.

    How much cash do you need for the machines?

    The vault cash requirements for the machines are highly variable depending on the denomination, transaction volume, withdrawal average and load frequency. Average withdrawal transactions volumes on ATMs are anywhere from 100-200 transactions per month. Some ATMs can be lower than 100 per month and of course there are locations with much higher volume although this is the average we see after analyzing thousands of independently owned ATMs. Average transaction withdrawal amounts are anywhere from $60-$80 per withdrawal. Using these averages the typical machine we see would go through $6000-$8000 per month on the low end and $12,000-$16,000 on the higher end. Given a weekly vault cash of the location, anywhere from $2000-$4000 per machine would be required on a rotating basis.

    What other costs or expenses are there in running an ATM business?

    There are several costs to consider. Cost of capital or cash required to load the ATM’s (this is your responsibility as an owner of the ATM), Vehicle and fuel costs to drive and fill the ATM’s, paper, parts and repair costs if a machine were to breakdown.

    Normally, ATM operators would also figure in an overage to cover inconsistencies in the vault cash. Please keep in mind these are estimates and averages only. We can provide you with detailed vault cash requirements on any of the ATM businesses we have for sale.

    What is the normal customer fee on the ATM for taking out cash?

    Fees are variable depending on location type and area of the country or city. Currently, fees are anywhere from $2.00 on the low end to $3.00 on the high end and some locations are less than $2.00 and some are more than $3.00 and again the fee can be set by the owner of the ATM.

    What is the basic structure of the ATM fee and split to the merchant?

    The ATM Convenience fee of $2.00-$3.00 is normally split or partially paid to the merchant or owner of the location where the ATM is placed. This split is dependent on the location and the volume of the account and is up to the ATM owner to determine. This split can be paid out automatically on a daily basis or on a monthly basis by check or ACH. Normally the split is a portion of a percent of the total surcharge fee although the structure of the split is again up to the owner of the ATM machine.

    Will I have to load my machine or will you do it for me?

    If you Bought An ATM and we put it into place, you can either use our Cash Loading service or learn how to load it with cash yourself. If you chose the Free ATM Placement service, we take care of all the filling and maintenance of your ATM.

    How do I get paid?

    The surcharge and vault funds are deposited back into your account within 48 hours during the business week. For accounting or other reasons, some customers prefer a monthly check. It's your choice!

    Do I have to fix and maintain my ATM?

    If we have Free ATM placement, we take care of 100% of the cost for maintenance and repairs of your machine. However, if you Bought An ATM, then you are responsible for maintaining your machine.

    How do I know when machines need cash or service?

    The ATMs are all connected by either phone or internet to a processor and the processor makes available all of your terminal information by computer and often times by phone or other mobile device. This way you can monitor how much cash is in each machine and you can see real time information about your terminal and what types of transactions are going on with your ATM’s.

    Are there any safety concerns?

    Obviously, when you own an ATM business you are dealing with cash and you need to be as safe as possible. There are several factors to consider choosing a location and when installing and servicing your ATM’s. Every owner is different in regard to how, when and what locations you feel comfortable installing and servicing. The things you do to protect themselves while running the business is also a personal choice and varies from person to person. As in any case, common sense is often your best protection against crime.

    How do I get started?

    Call us at 405-921-2792 or use our Free Quote form and an OK ATMs representative will assist you with your sign up process.

    Just Ask Us

    Do you still have questions before you get started?

    Do you have questions before you get started?

    We want to make sure all your questions are answered. If you've explored the site but still have specific questions, just message us with your concerns here and we will be happy to provide you with answers.

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    OK ATMs

    Cash Management Systems LLC

    312 NE 145th Place

    Edmond, OK 73013

    ©2020 Cash Management Systems     Privacy Policy     Terms of Use

    ©2020 Cash Management Systems    Privacy Policy   Terms of Use

    ©2020 Cash Management Systems LLC

    Privacy Policy

    Terms of Use

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