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Sunday, 10 March 2019

Five Reasons Why ATM Is Good For Your Business

By Roger Russell


Different technologies are now being created by many individuals. With those advanced machineries, work became more productive and convenient to others. Aside from that, monetary transactions had also became simple. Now people will just use their debit or credit card to purchase something from malls or any shops. Nevertheless, if you also have some business then having an ATM rental Toronto might help you raise your revenue.

Convenience is what usually most people are looking before dealing to something. So if you have restaurant for example, they sometimes check out if the area is somehow good and conducive for them. As you see, the environment is an important factor that could affect individuals. So if they find it inconvenient, they might not want to enter your place at all.

And as you observed civilians nowadays, most of them preferred carrying debit and credit cards instead of putting plenty of bills and coins in their wallet or purse. It became advantageous for everyone to do a cashless transaction. Because of that, you should also purchase an ATM on your store. If you are still reluctant about it, these reasons below will help.

First, foot traffic will increase. If your shop allows only a cash transaction, having an ATM then will certainly help those customers. This machine could actually attract many people and once they find it, they will surely get inside the shop and use it. Afterwards, that will be your moment to make sales.

Second, it increases your sale. Since you have the machine already in your shop then most likely those users will come back again to utilize it. About twenty five percent of them spend their withdrawal on the same location where the machine is located. And as they come back in, combining with foot traffic, sales will surely increase.

Third is how it functions 24/7. It just means that anyone can make a transaction at any hour whether day or night. In addition, you could also gain some money by setting a transaction fee whenever they withdraw their cash and it would be charged to the users.

Fourth, errors will not likely happen in the service. It means that when a customer enters the money he wanted to withdraw, the exact amount will accurately come out. Moreover, he can even check out his balance in his account. But do not expect it to work during blackout of course.

Fifth is customer retention. Those people who enters your store may either have money on their pocket or a card in their wallet. If their case is the latter, you should have ATM just to be safe. Because if not, customers will leave the place and surely go other store which has that certain machine and then purchase something there. Basically, it does prevent those kind of customers to leave and instead stick on what is more convenient.

ATMs are really convenient. Whenever you got that in your business location, it will become a safe place for people to get their money. More importantly, they will also see your place convenient and will come back again.




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