An ATM is a simple concept to a client. They will simply insert their card, input their pin, and the machine will provide them the money they need. It’s as easy as that. However, the ATM is much more than this for a business.
Nowadays, a lot of businesses still aren’t wary of what an ATM actually does for their business other than serving clients.
Today, we are going to talk about how an ATM for dispensary can help a business:
Loyalty
Nowadays, more than 70% of individuals now expect a convenience shop to have an available ATM. This means that you might be missing out on profitable and loyal clients if you do not have one. The truth is that more than 50% of convenience shops already have an ATM since 75% of clients still pay in cash. As a business owner, you want to provide your clients with all potential services, right? Of course, having an ATM is one way to do it.
Improves Basket Spend
For those who don’t know, if your business has an ATM, you can improve basket spend by more than 60%.
Of course, when people find something in your store that they like, they will purchase it. However, what if they don’t have the money? This is where an ATM comes in. A customer can withdraw the needed cash to buy that thing that they want.
Security
Every person wants to feel secure and safe. This is particularly true whenever they are dealing with money. Clients feel a lot safer using an ATM in a safe surrounding. Because of this, you will see more individuals walking through your door if your shop has an ATM.
Also, it offers security for yourself. You can prevent risk cash drops to the bank if you just recirculate your money. If you have an ATM, your money will be secure.
Improve Footfall
Every business owner concentrates on their shop’s footfall. They’ve got a lot of foot traffic passing their door every day. However, you still won’t make any sales if they do not enter the store.
For those who do not know, around 81% of clients will revisit an ATM location at least once per week. This means that clients are guaranteed to come in to utilize it if you’ve got an ATM in your shop.
Also, people usually have a tendency to buy something whenever they have cash in hand. Thus, if you’ve got an ATM inside your shop, they will certainly purchase something from you.
Saves Money
Depending on the machine you’re going to use, you will save around $1,000 each year on banking cash deposit fees. Since you’ll be filling the machine every day with the money from your business, this means that you won’t have to visit the bank more often to make expensive cash deposits.
There are a lot of companies out there that offer cash machine services for free. They usually include marketing material, training, maintenance, servicing, and installation in their products.
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