ATMs are something that we don’t really give much thought to. As consumers, we just look for the nearest one, insert our card, withdraw our cash, and then go shopping. They are the sort of thing that works so well, now, that we don’t think about them until they fail and we find ourselves looking for somewhere that takes cards to make our day to day purchases. There are many types of ATM machines in various shapes and sizes today, such as Goldstar ATM machines you may be familiar with.
As a business owner, though, ATMs can be incredibly useful. Some people have ATM cards that can’t be used like a credit or debit card. Some people find that they simply have finances so stretched that they can’t afford to pay for things on a card. They need to hold cash to know how much they have left. If your customer base falls into that category, or you do business with people who don’t want to pay for your products and services on their cards because they don’t want them to show on their bank statements, then an ATM could make your life a lot easier too.
One example of a relatively new, thriving ATM industry is marijuana dispensary ATMs. These companies offer full-service ATMs for people who run Marijauana dispensaries. Business owners benefit from improved cash flow and a reduction in credit card processing fees. Customers benefit from having access to cash when they need it. This is a solution where everyone wins.
Thanks to the Cirus and Plus networks, most people can withdraw from most ATMs in the United States and their use continues to rise. Even international visitors can withdraw assuming that their bank is a part of one of the major networks. This means that people can travel without taking cash with them, and then withdraw money when they need it. The ATM industry makes it safer and more convenient for people to just withdraw cash on the go. The majority of ATMs are fee-free too, so as long as the consumer is withdrawing from a debit card, rather than taking a cash advance on a credit card, they’re getting access to the cash at no extra cost.
We don’t realise how much we rely on ATMs until the network goes down. The good news is that these days that rarely happens. The banking network and ATM services are now an integral part of our day to day lives, and it makes it easier for us to spend, and accept, cash.