How much money can you make owning an ATM machine?
Despite the challenges, owning an ATM can be a viable income stream. According to industry research, the average income from owning an ATM machine is between $3,000 and $5,000 annually. Let’s dive in and start by understanding the critical details of the business of owning an ATM.
Maximizing Profits
The success of these business ventures depends on various factors such as location and the surcharge fees they impose on transactions. An ATM in a high-traffic area can make an average of 800 transactions per month. For example, if you own one ATM machine in a high-traffic area and it charges a $3 transaction fee, you could potentially earn $1,000 per month in passive income.
According to the ATM Industry Association, people worldwide make 49 billion ATM transactions per year. As an owner of an ATM machine, you make money each time a customer uses your ATM to take out cash.
Potential Earnings
How much does 1 ATM make a year? If an ATM machine, in a busy location, manages 100 transactions per day at a $2.00 fee, it could generate $73,000 in revenue per year.
Some business owners increase revenue by placing advertisements on their ATMs.
Types of Businesses that Benefit from ATMs:
- Shopping malls
- Casinos
- Airports
- Convenience stores
- Restaurants
The demand for cash transactions suggests owning an ATM could be a profitable opportunity in 2023. On average, the income from ATM ownership can range from a few hundred to a few thousand dollars per month depending on location and surcharge fees.
Costs and Considerations
Owning an ATM also comes with considerations such as the potential for theft. The income potential varies, but on average, one might expect $1,000–$3,000 per month per machine.
Starting an ATM Business
If you’re considering starting an ATM business, you don’t need a significant capital investment. It’s a way to generate steady passive income with no overhead.
ATMs typically cost between $2,000-$8,000. You need to load the machine with cash, either personally or through a cash management service. It’s possible to reduce maintenance costs by purchasing more machines or outsourcing the cash loading process. A well-placed ATM can generate $300-$500 in profits monthly after expenses.