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2012-01-21T13:30:46Z

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Having been in the [www.gardenstatefinancial.com ATM] machine business for nearly two decades I've been able to unlock the mystery behind how [www.gardenstatefinancial.com ATM Machines] Work as a Business. There is no magic potion, but there are several pit falls and traps that can be avoided if you work with an experienced [www.gardenstatefinancial.com hyosung] company. It's very similar to a vending business, the main differences are this vending machine dispenses cash and deals with the banking regulations. The only inventory is twenty dollar bills.

The [www.gardenstatefinancial.com tranax] Business is straight forward. Let's look at all the parts.

You have a piece of hardware (The [www.gardenstatefinancial.com triton] Machine).
You need a good location (retail store, parking lot, restaurant, condo complex, office building, hospital, medical building, airport, etc).
You need to fill the [www.gardenstatefinancial.com hantle] with Cash (yourself, the location manger or an armored car company).
You need a reputable [www.gardenstatefinancial.com genmega] Company (they have contracts with an [www.gardenstatefinancial.com wrg] processor, sponsoring bank, move your money between banks, provide statements and online reporting) They should also provide technical support, but some don't.
You need your own bank account, where funds are deposited if you load cash.
The income comes from the surcharge (fee customers pay to use the ATM) a portion of the interchange (the fee banks have to pay the network and processor) and then they deduct some network fees. This works out to a little bit more than the surcharge (we'll explain later or you can jump to the bottom).

Many [www.gardenstatefinancial.com interchange] companies try to make it seem complicated but if you've done it long enough it should be a simplified process. [www.gardenstatefinancial.com cash] companies that claim to sell you locations, or find you ATM spots and get you to invest in them are most likely scams.

Personally if I found a good location to put an [www.gardenstatefinancial.com cash machine] into why would I offer it to someone else if I could put my own ATM in there and make a profit. There are a few reasons, maybe I'm out-of-state and need someone locally, okay, that's a good reason. But if I'm local to the place I would never get rid of a good spot unless I was exiting the business or selling a route.

Knowing the rules, getting all the facts and crunching all the numbers can ensure that if you invest in [www.gardenstatefinancial.com visa] that you'll make a wise investment and good business decision. Like any business you want to know how much you need to invest and what the return is. This is the ROI. How long is it going to take and is the income better than other known instruments. Is the ROI better than keeping the cash in the bank in a regular savings account. Well, these days just about anything pays better than a savings account. Just like real estate, it's all about location, location, location.

If you select the wrong [www.gardenstatefinancial.com mastercard] Company to help you navigate the waters the costs can mount up effecting your ROI.

The [www.gardenstatefinancial.com atm for sale] Machine. Obviously a key component to your business. Buying the wrong machine, an outdated machine (not in compliance), or not getting a machine from one of the top three manufacturers (Triton, Tranax, Hyosung) can be a nightmare. Free standing, through-the-wall or kiosk, what is the best for your needs?

The Location: Another key component to make sure you're successful it to verify how many people visit the location you select. Do they accept credit cards? Are they an all cash business? What are the other important questions. An experienced [www.gardenstatefinancial.com atm sales] company can help you answer all these questions and more to help you determine if the location could have good potential.

Who loads cash: The [www.gardenstatefinancial.com ATM leasing] owner and the cash loader typically share the lions portion of the [www.gardenstatefinancial.com atm processing] revenue. So if you plan to own the [www.gardenstatefinancial.com used atm] and load it yourself, you will obviously keep most of the revenue. Other than the cost of the space (you may rent it, sign a placement agreement for a portion of the income, etc). There are many types of deals you can make. Armored car service is only a viable option if the ATM does really well (over 500 transactions monthly). Armored car service is expensive and typically cost prohibitive for retail ATM machines.

A reputible [www.gardenstatefinancial.com used atm for sale] company will help you with all the above information but more importantly they should help you with the process of ordering your ATM, arranging for delivery, installation, training and programming to ensure the cash transactions are reliable and secure.

A good [www.gardenstatefinancial.com atm's for sale] company should also provide 24/7 toll-free technical support. We see many [www.gardenstatefinancial.com use atm's for sale] companies that don't offer this. However they appear to be a good deal because they offer an unusually high rebate. But what good is a high rebate if your machine has an error code or problem or you have an issue you can't get resolved because you don't have anyone to call to help you. Or when you do call, no one ever answers the phone. The extra few pennies you can earn from some of these [www.gardenstatefinancial.com hyosung atm for sale] companies can cost you hundreds of dollars when it comes to needing service. Don't be penny wise and pound foolish.

How do you make Money with [www.gardenstatefinancial.com hyosng atm's for sale] Machines?

Your [www.gardenstatefinancial.com ATM part] charges the card holder a fee (referred to as a surcharge or convenience fee) you, the [www.gardenstatefinancial.com ATM supplies] owner, set this fee. Depending on the [www.gardenstatefinancial.com ATM warranty] Company you sign up with you receive most or all of this fee plus a portion of the interchange. Banks pay a small fee to the [www.gardenstatefinancial.com ATM service] networks for connecting the cardholder to the bank, this is the interchange.

There are many variations and deals similar to credit card processing. An honest ATM Company should give you 100% of the surcharge and depending on the number of transactions your ATM does or the size of your ATM portfolio (if you have several machines), they will give you up to $0.15 of the interchange.

To manage your ATM's you should make sure the ATM company offers 365 day toll-free tech support 24/7. They should also provide you monthly statements and access to monitor your ATM machine online at no charge. Other benefits of a reputable ATM company include no monthly minimums, no monthly fees, and no statement fees. Small, inexperienced ATM companies that can't offer economies of scale may charge for services whereas others do not. Caviate Emptor, let the buyer beware!

How many times have you found yourself ready to head out for that sporting event, concert, or birthday party, and as you get into the car you realize that you don't have any cash? Most of us live a pretty fast paced lifestyle and wait till the last minute to do everything. ATM cash machines have become a way of life for many people. They offer a nice convenience to those on the run, but they also offer a nice convenience to thieves. What better place to find people with cash on hand than at the ATM. Just because these machines are open 24/7 doesn't mean they are safe to use. ATM safety requires awareness and a little planning.

Most ATM robbery victims are women and are alone when the robberies occurred. The robbers usually prefer to work alone. They will hang out somewhere near the cash machine where they will be hard to notice, usually behind bushes or trees, concrete barriers, or sometimes in a nearby automobile. They like to use the element of surprise on their victims.The majority of victims claim that they never saw the robber coming until it was too late. In drive thru ATM robberies, the robber usually approaches from the rear of the car on the driver's side. Walkup ATM robberies occurred in many different ways. Many times the thief will wait on the right opportunity, get out and act as if he is using the ATM in front of his intended target, and then rob the person when they walk up behind him. The percentage of robberies is slightly higher at walkup ATM's than at driveup ATM's.

If you or your family use ATM's on a regular basis, there are a few simple guidelines to follow to ensure that you always have a safe experience. First of all, make sure that you only use ATM's in well lit, high traffic areas. Don't go to the machines that are located behind buildings away from the public's eye. Drive to another location till you find one that you feel safe at. Try to only use the ATM in daylight hours. The highest risk is between 8pm and 4am. Try to always have some cash on hand, especially if you will be travelling through or near a high crime area. A little forethought and planning can eliminate a lot of problems. When ever you drive up to an ATM, scan the area really good for suspicious people standing around or sitting in cars. If you see anyone suspicious, drive away. If you do use it, keep your car in gear with your foot on the brake, and be ready to drive off if you see someone suspicious approaching. At a walkup ATM, always have your card ready, make your transaction quick, and always keep an eye out behind you. If you carry a self defense spray or stun gun, it would be wise to have it ready to use. When you receive your cash, put it away immediately. If you are ever approached by someone that feels or looks at all suspicious while at any ATM, terminate your transaction, and leave immediately, even if it means leaving your card. Losing your card is not a big deal. Losing your life is.

If you are approached by an unarmed robber, first tell the unarmed man to "back off!" or "get away from me!" in a very firm and loud voice. If their are people nearby, scream as loud as you can. Studies show that screaming "fire" or "fight" will bring people running to the scene quicker than "help". Also, try to avoid a physical confrontation, but be prepared to protect yourself at all costs. In the event that you are ever caught by surprise and are confronted by an armed robber, give up your money without argument. Never attempt to fight with or follow an armed robber. The small amount of cash you stand to lose is not worth serious injury or death. Afterwards, get to a safe place and call the police immediately.

Hopefully, these few tips will help keep you and your family from harm when using the ATM machines, It's sad that we have to worry about people trying to do us harm, but in this crazy world that we live in, we always will. Plan ahead, be aware of your surroundings at all times, and trust your instincts. These three things will help keep you safe in everything you do.

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