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How Much Does an ATM Machine Cost?

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Summary: ATM Machine Cost

Buying an ATM will cost between $2,000 and $4,000 on average. Higher end ATM machines that are built into the wall are more expensive and can cost between $5,000 and $10,000. An optional cash loading service runs $40 to $60 per month.

Cost to Buy an ATM Machine

Restaurants, nightclubs, convenience stores, gas stations, and many other locations and businesses can benefit from having an automated teller machine (ATM) on site. Even though more and more purchases are being made with debit cards and newer technologies such as smart phone apps, cash is by no means obsolete. Installing a cash machine could increase profits for your business through ATM fees, eliminating credit card processing fees, and allowing customers to instantly get cash to spend at your location. This buying guide will help you determine whether buying an ATM machine is a good move for your business and how much you can expect to pay for one.

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How to Decide if You Need an ATM Machine

Because a cash machine costs thousands of dollars, it is important to first decide whether you can justify the expense. If your business meets any of the following criteria, you should strongly consider having an ATM bank machine installed.

  • Customers routinely ask where the nearest ATM machine is located.
  • Hundreds of people walk by your business every day and can see the cash machine itself or a sign for it.
  • Your business is dependent upon cash transactions.
  • Your business makes numerous credit card transactions for small amounts.

Types of ATM Machines

Automated teller machines can be divided into the following categories:

  • Freestanding ATM: A freestanding ATM machine is a popular choice for a business that has enough floor space (typically two feet by two feet plus enough room for customers to stand). These machines are commonly found in gas stations, convenience stores, and restaurants.
  • Countertop ATM: Countertop ATM machines are designed for those businesses that do not have enough space for a freestanding cash machine.
  • Built-in ATM: A built-in, or through-the-wall, ATM machine is the type of cash machine commonly found at banks. They are typically more expensive to install, as they require construction work. If your business has heavy after-hours foot traffic, an outdoor, built-in cash machine might be a good choice (but bear in mind increased risks from thieves and the elements).
  • Dial-up ATM: Most cash machines use a 56 kbps modem to dial into an ATM processing network and therefore require a dedicated phone line.
  • Wireless ATM: Businesses that already have a high-speed internet connection (for a Wi-Fi hotspot or credit card processing, for example) can utilize wireless technology for an ATM machine as well. This eliminates the need for a phone line, speeds up transactions, and provides flexibility for a cash machine's location.

ATM Machine Sample Costs

If a cash machine sounds like a wise investment for your business, the following information will give you a general understanding of the associated costs.

  • Generally, ATM machines cost anywhere from around $1,000 up to $25,000 or more.
  • A freestanding ATM machine costs approximately $3,500 to $7,000 and up.
  • A built-in/through-the-wall ATM machine costs roughly $5,000 to $10,000 and up.
  • A used/refurbished ATM machine can be purchased starting at about $500.
  • An ATM machine without a dispenser and cassette costs around $1,250 to $1,750.
  • A Triton stand-alone ATM Machine with an 800-note cash drawer, dial combination lock, door sticker, lighted sign and dialup connectivity costs about $2,000 to $2,500.
  • A freestanding ATM machine with a color LCD, 1,000 note cassette, thermal receipt printer, and dial-up connectivity might cost $3,000 to $4,000.
  • A built-in/through-the-wall ATM machine with a monochrome LCD, thermal receipt printer, 2,000 note cassette, and wireless capability costs around $6,000 to $9,000.
  • Customers nationwide report paying an average of $2,000 to $4,000 for an ATM machine.
  • Additional ATM costs might include:
    • A phone line ($20 to $40/month)
    • Cash loading service (optional; roughly $40 to $60 per trip)
    • An additional cash cassette (approximately $100 to $500)
    • Replacement receipt paper
    • ATM vendor fees (if included, these could be around $10 to $20 per month)

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