Despite these challenges, owning an ATM can still be a viable income stream for those willing to navigate the risks and challenges. According to industry research, the average income from owning an ATM machine is between $3,000 and $5,000 annually.
Maximizing Profits
This article will help you understand the amount you can make from owning an automated teller machine. We’ll also provide proper insights to increase your profits when running an ATM.
The success of these business ventures depends on various aspects that, if you consider them well, can help you reap profits. Today, most ATM owners profit through the surcharge fees they impose on ATM transactions made by users. An ATM in a high-traffic area can make an average of 800 transactions per month, and in some cases even more.
To get an idea of how much you can potentially earn, let’s assume that you own one ATM machine. We’ll also assume that this machine is located in a high-traffic area and charges a $3 transaction fee. Based on these assumptions, you could potentially earn $1,000 per month in passive income. The most important factor is the location of your machine. If you own multiple machines, you could potentially earn $5,000 or more per month.
According to the ATM Industry Association, people worldwide make 49 billion ATM transactions per year. The most pervasive use for the machines involves making it easier to deposit money. You would negotiate an agreement to provide an ATM, buy an ATM machine, and load cash in the machines.
As an owner of an ATM machine you make money each time a customer uses your ATM to take out cash. A convenience fee or charge is placed on the machine and you collect that fee and are paid on a daily basis.
Profitability Insights
How profitable is owning ATMs? An ATM in a high-traffic area can earn $1,000 per month in passive income. How much does 1 ATM make a year? An ATM machine in a busy location, with 100 transactions per day at a $2.00 fee, would generate $73,000 in revenue per year. After $1,000 in costs, the annual profit would be $72,000.
While businesses can make money through the fees, some business owners look for other ways to use ATMs to make money. One of the most common methods is by placing advertisements on the ATM. This can increase revenue for ATM operators and locations.
Common Locations for ATMs
- Shopping malls
- Casinos
- Airports
- Convenience stores
- Restaurants
With increasing demand for cash transactions, owning an ATM can be a profitable 2023 opportunity.
The amount of money you can make owning an ATM machine depends on location, foot traffic, and the surcharge fee. On average, ATM owners can make a few hundred to a few thousand dollars per month.
Owning an ATM machine can provide income and increased foot traffic, but weigh risks like theft. Profitability depends on location, fees, and maintenance costs.
At 6-10 transactions per day, the income potential of one ATM in a retail business could be $450–$750 per month.
ATM owners make money off the fees added to withdrawals. Each withdrawal incurs a predetermined service fee paid by the customer.
Investing in ATMs can be a good idea with the right location and transaction volume.
Most ATMs generate $2,000–$2,500 per month. You don’t need much capital to start. It’s steady passive income with no overhead costs.
Factors influencing profits: location of the ATM plays a big role. High-traffic areas generate more transactions and higher earnings. The fees charged per transaction also impact overall income.
The income potential for ATM owners varies, but averages $1,000–$3,000 per month per machine. Location and transaction fees are key influencing factors.
Running Costs and Considerations
ATMs cost $2,000-$8,000. Realistically expect to pay $2,000-$3,000. Wall mounts cost less than through-the-wall models for busy areas. Refurbished machines cost less but may not meet regulations.
As owner you can load cash or outsource it for a percentage. Reduce fees to buy more machines or outsource maintenance. Well-placed ATMs generate $300-$500 profits monthly after expenses. With multiple ATMs earnings could scale rapidly.