ATM processing companies provide merchant services for businesses that sell ATM services. ATMs are a unique product in the payment processing space because of the variable fees they charge as well as their strategic placement locations.
The typical charge for processing ATM transactions ranges from 2% – 4%, and it’s based on a few factors. Moreover, there are other fees such as a per transaction fee that are included. Transaction fees are usually around $0.30.
To save money on payment processing fees, you can leverage a few features specific to your business.
ATM Merchant Systems is a private company that offers revenue share for ATM placements. You invest in the ATM device, find a location to put it, decide on the fees, and split revenue with the company. If you already have an ATM company and are looking for a payment processing provider, then pair with a merchant account provider like Zen Payments who can get you up and running to accept payments fast.
If you’re considering setting up an ATM processing business, then you see the potential in a new passive income opportunity. Your next steps are to figure out the best way to get all of your tools and equipment together in the right location in order to get traffic to your machine.
