==== ====
Find more Informations here
http://www.clickbankrecommend.com/
==== ====
How to choose the right ATM Machine Processing
All ATM Machines need to connect to the ATM Networks via an ATM Processor. Learn the
questions to ask and steps to take in order to get the right ATM Processing Deal.
Difficulty: Easy
Instructions
Things You'll Need
List of ATM Machine Processing Companies
Copies of their ATM Processing Agreements
Their Toll Free Tech Support Number
Copy of their References
1)Before jumping into purchasing an ATM machine be sure to do your home work and investigate
the deal. An ATM Machine in your business or building can be set up a few different ways.
1. You can own the ATM Machine and load it with cash yourself.
2. You can own the ATM Machines and have someone else load it.
3. You can have someone else own the ATM machine and you can load it.
4. You can have someone else do everything.
Let's examine these options and decide what works best for you.
2)ATM Machines have come down dramatically in price over the last few years. We see many
used Machines on ebay for example that are old and not 3DES (Triple DES) compliant.
3DES is an encryption process in the key pad and firmware that protects the consumers PIN
number from being stolen when the ATM is dialing the ATM Processor and requesting a
transaction.
3DES became a requirement several years ago and these machines need to be upgraded so they
are being sold to unsuspecting individuals very cheap. These ATMs are just boat anchors or
require expensive upgrades.
3)Do NOT purchase a used ATM unless it is from a reputable ATM Machine processing company
and includes a warranty and processing services. We strongly recommend staying away from
ATM Machines sold by private parties or individuals unless you are very familiar with the brand,
model, condition and compliant status of that model.
You should expect a new ATM Machine to cost between $1,800 - $3,000 and a good used
"refurbished" 3DES compliant ATM to go for $1,000 and up which should include a parts and labor
warranty.
4)Once you purchase an ATM Machine you still need processing (similar to credit card
processing). Look for a company that specializes in ATM Processing (you can search ATM
Processing on eBay or you can Google the words "ATM Processing" to find some).
A reputable ATM Company would offer ATM Machines with or without processing or ATM
processing if you already have an ATM. They would simply re-program your ATM onto their
switch. To find out if an ATM machine you're considering purchasing is compliant we
recommended using Google and calling an "ATM Processing" company.
5)Reputable ATM processing companies typically require an ATM processing agreement to
protect you and them. Agreements are typically 3- 5 years but there are several companies that
negotiate fewer years and some that offer just a 2 year agreement with no sign up fee.
Keep in mind that agreements protect you since ATM companies are moving your funds when one
of your customers withdraws cash from your ATM.
They move the funds from your ATM customers bank account into your bank account. That should
be done nightly except for weekends.
Agreements protect the ATM company because many of them don't charge set up fees but incur
costs to set up your system so it takes them a few months to a year to recapture those costs.
6)Keep these things in mind as you proceed.
Retail ATM machines typically get loaded like a cash register (funds go in when you open and
come out when you close).
The average ATM customer nationwide withdraws $60 (nightclubs it's higher, liquor stores and
fast food it's lower).
The average retail ATM Machine does 8 - 10 transactions per day. That works out to about $600
per day being withdrawn so you would load 25 - 40 bills (Typically $20's) daily.
7)If you own your own retail business or a building, medical office, apartment complex, parking lot,
etc and you are on site most of the time or have a manger on site that you trust, owning the ATM
Machine and loading it with cash yourself is the most profitable way to go.
If you own the ATM and load it with cash yourself, your ATM Processing rebates can range from
85% of the surcharge plus $0.20 - $0.25 cents up to 100% of the surcharge plus $0.10 - $.20
cents depending on your ATM machine usage volume. Some ATM companies offer a Tiered
rebate which is tied to ATM performance.
If your rebate is over $1.50 the latter arrangment is usually a better deal.
8)If you own the ATM Machines but choose to have someone else load it be prepared to give up
at least $1.00 or more per transaction to pay for the use of someone elses cash, their time to
come load it and the tracking of it. This is an expensive option since you can easily load cash
yourself especailly if you own the ATM.
9)If you want someone else to own the ATM and you load it with Cash you can expect to split the
transaction fee as the hardward owner will be responsible for service and upkeep. Again, it's a
better revenue stream to own the ATM and load it yourself.
10)Lastly you can have someone do everything. They can purchase an ATM and put it in your
business and load it with cash. This is popular if you just want hands off and have someone else
run your ATM. Expect to receive approximately $0.50 per transaction maybe a little more if your
ATM does realy well.
11)Things to consider:
If an ATM company is selling ATMs too cheap or offers a rebate that's too high, then something
has to suffer. They can't give equipment away and give you a high rebate and give you proper
service or stay in business. Remember, they are handling your money. You want them to make
money so they stay in business to handle any issues that arise.
The thing that suffers the most when companies give away to much is usually service. Think about
what it would cost you if your were getting $2.10 every time someone uses the ATM and 300
people per month used it. That's $630 per month. Now, if your ATM has a problem and you can't
get help, or parts or service for a week or longer it's costing you $21 per day or over $150 a week.
12)Look for a company with 24 hour 7 day support with a toll free number. Then, if you're a
business that counts on help late evenings or weekends call that number at 11pm or on a Sunday
and see if they answer the phone. If it goes to voice mail, how long it takes to get a returned phone
call.
If you get voice mail, leave a message. Tell them you're not a customer yet but you are testing to
see how good or fast their 24/7 tech support really is.
If the phone is answered live or you get a call back quickly that's a pretty good indication of good
service. If your call goes unanswered or takes hours to be returned, that's the sign of a deal to
good to be true.
Tips & Warnings
When shopping for an ATM Machine expect to pay $1800 - $3000 for a good free standing ATM
machine.
When shopping for ATM Processing look for a deal where you get at least 100% of the surcharge
and if you have or expect high volume you can negotiate for a little of the "back end" of the deal
(maybe an extra $0.10 - $.20).
Try not to sign an agreement for longer than 2 - 3 years.
Ask for references of other ATM customers and CALL them.
Check their 24/7 tech support claims.
Ask how ATM discrepancies or chargeback's are handled (a good ATM processor will handle
them for you).
Ask what if any fees are required to get started (sign up fee, application fee, rebates, etc.)
Watch out for hidden fees, bait and switch, etc.
Read agreements and make sure withdrawn funds are deposited daily (business days).
Watch out for bait and switch programs
Watch out for deals to good to be true
watch out for fly by night organizations who take deposits or application fees and never deliver.
==== ====
Find more Informations here
http://www.clickbankrecommend.com/
==== ====