FOOT
TRAFFIC
Having an ATM located on your
premises creates what is know as
new and or additional
"Foot Traffic".
Foot traffic is generated in many ways for example;
1. Local business located close to your business will
send customers to use your ATM. If the customer
who is using your ATM was not aware of the products an
services you sell. Then they
"Now Know
and Remember"
and may purchase or use your services at the time of using
the ATM or return at a future date to use your products
or services.
CUSTOMER LOYALTY
Merchants that carry and ATM at their location build
customer loyalty as customers prefer to go to a
place of business that have an ATM over those that
do not.
SPENDING and RETENTION
Cash retention at properties that have an ATM average of 30%.
The average cash withdrawal at an ATM is $70.00 per transaction.
INCREASED CASH SALES
Using the following example will show how a business could increase their sales by having and ATM at the Merchants property.
$70.00 200 $14,000 30% = $4,200 x 25 % $1,050 |
- average withdrawal
per transaction - transactions per month - Totally monthly withdrawals - Spending at ATM location - Monthly increase in sales - Markup - Monthly net profit |
INCREASED INCOME FROM NOT USING CREDIT CARDS
Using the following example will show how a business could increase their bottom line income from not having to take credit card transactions.
$5,000 x 04% $200 |
-
Amount paid to credit card transactions per month - Credit card rate - Total commission saved if customers use and ATM vs. Credit Card Transactions |