One of Hyosung greatest innovations in the last few years for retail ATMs is their compact, space saving Hyosung 4000w. The Hyosung 4000W is the perfect solution for retail businesses who want the benefits of having an ATM, but do not want to give up valuable floor space. This really opens the door to small retail stores which is especially common in New York City. Hyosung has truly outdone themselves with this model. The Hyosung 4000w is even weatherized for outdoor use!
Take this customer. He has a small retail store. He wanted to reduce his credit card fees so he put an ATM in his business and he only charges $1. If you pay cash- you receive a discount vs. paying credit card fees. This merchant owns his ATM machine, and provides the vault cash. The ATM only does 5 or 6 transactions a day, but the ATM dispenses over $500 on an average day. Roughly half of the dispensed cash goes into his register. Although his monthly surcharge income is only around $150- now he receives $7500 per month in cash! On top of putting more cash in his register he reduces his credit card expense. Credit card fees usually account for 2-3% of total sales. So 2% of $7500 = $150 in credit card fees. So to earn that $7500, instead of making $150 from the ATM, he would pay $150 in swipe fees to the credit card company. Just by installing an ATM, this merchant will save a minimum of $1800 per year in credit card fee savings alone- and he will have made an additional $1800 in surcharge income. Now that is what we call one smart business owner!
Thinking about buying an ATM for your business? Contact us today at 877-663-6128 to see how profitable a Best Products ATM solution can be for you.
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This is an official email received by NAC (National ATM Counsel) on 8/19/24. Please note that this security bulletin effects ATM companies who utilize RMS software and who have not changed the default passwords. Please be aware- if you are a Best Products customer- this should not effect you- unless you are utilizing your own
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