Friday 8 March 2019

Five Reasons Why Having ATM Is Good For Your Business

By Roger Russell


Different technologies are now being created by many individuals. With those advanced machineries, work became more productive and convenient to others. Aside from that, monetary transactions had also became simple. Now people will just use their debit or credit card to purchase something from malls or any shops. Nevertheless, if you also have some business then having an ATM rental Toronto might help you raise your revenue.

It would really take marketing strategies so other would pay attention to your business. However, people would always look for something convenient. For example, you run a restaurant but your parking lot has no markings. As a consequence, drivers find it hard to navigate the place and because it gave them inconvenience, they might probably start thinking that your restaurant is not a good place.

Anyhow, people nowadays would rather do cashless transactions since credit and debit cards are somehow safer to carry rather than having bills inside their wallet. Since it is more convenient to them, then purchasing an ATM and placing it inside the store will surely attract them. In addition, other benefits are stated below.

First is increasing foot traffic. You only accept cash instead of card so to those who are using card, they might not come inside to your store. To avoid that, install a machine so they could use it to withdraw their money.

Second, it increases your sale. Since you have the machine already in your shop then most likely those users will come back again to utilize it. About twenty five percent of them spend their withdrawal on the same location where the machine is located. And as they come back in, combining with foot traffic, sales will surely increase.

Third, it will function 24/7. Since it could be utilized anytime, it certainly is advantageous for customers. Anytime they can go out and withdraw some cash. Furthermore, you also can set a transaction fee for them so it will be charged to them whenever they use it. That way, you also will earn some money during their transactions.

Fourth is less errors in its service. When talking about less errors, it means that customer will get the exact amount he wanted to get. Though it would not function if the electricity is out or the system has technical errors but it still can be repaired. More importantly, user can also check his remaining balance too.

Fifth, it withholds customer. Whenever a customer enters your place and have no cash, plus you have no ATM machine, he will leave to find some cash. And when that happens, the customer might change his mind to make a purchase on your shop. As a result, he might forget it and go to other store. Having ATM will prevent that. The customer will use it and will not leave to go to others.

You can certainly how ATMs are relevant. Knowing that many individuals now are using, you should have it too. With that, they will see your business convenient and safe.




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