If you’re an ATM owner or running your own ATM business, choosing the right location(s) for your ATM machines is one of the most important and strategic decisions you will make. ATM fees can be an excellent source of passive income, but ATM machines rely on foot traffic to be profitable. Placing your machines in the path of people who need cash is key to your success. Having an ATM can also bring you more new customers who find your location using an ATM locator.
Best Locations for an ATM
ATMs can increase revenues significantly for retailers, financial institutions, the hospitality industry, gaming industries, and more. Let’s look at some of the types of businesses, industries, and locations where ATM placement works best.
Grocery Stores
Many customers prefer paying cash for groceries rather than using a credit card or debit card. Others like the convenience of grocery stores being a “one-stop-shop” for their needs while they are out. Providing an on-site ATM at a grocery store satisfies both needs and improves most store owners’ profit margins.
