Adding an ATM to your business can increase foot traffic, boost customer satisfaction, and even generate passive income. But before jumping in, it’s crucial to understand the investment involved especially the ATM machine installation process and what to expect from a professional ATM installation company.
In this blog, we’ll break down the full cost, give you insights into what installation includes, and help you figure out if an ATM is right for your business.
The Cost of Investing in an ATM Machine for Your Business
The first question most business owners ask is, How much does it cost to buy an ATM machine?
New freestanding ATMs typically range from $2,500 to $3,000, depending on features, screen type, and cassette size. More advanced models like through-the-wall ATMs or drive-up versions can run even higher, sometimes exceeding $4,000.
If you’re starting with a tight budget, a refurbished or used ATM cost between $1,600 and $2,000. While older, these machines are often updated to meet compliance requirements and still offer reliable performance.
But the initial purchase isn’t the only expense. Once you’ve selected your machine, you need to consider the atm installation cost, the cash loading process, and long-term maintenance.
How to Get an ATM Machine
Getting an ATM machine installed isn’t as complicated as it might seem.
The process usually begins with choosing a reliable ATM installation company that provides both the machine and the setup services. Once you’ve found a reputable provider, the next step is selecting the right machine for your business type whether it’s a freestanding, wall-mounted, or through-the-wall model.
After you’ve chosen the machine, the provider may conduct a site inspection to suggest optimal placement and ensure proper power and internet connections. Once everything is ready, the installation is scheduled.
Technicians will handle the setup, secure the unit, and run system checks. Once the machine is live, you can load it with cash and begin serving customers. Some providers also offer full-service programs that include cash loading and maintenance, making it even easier for business owners.
Is Owning an ATM Machine a Good Idea for Your Business?
Owning an ATM can be a great investment especially if your business has regular foot traffic or operates on a cash-only basis.
Here are a few benefits:
Increased Traffic: Customers searching for nearby ATMs may visit your location.
Extra Revenue: Each transaction generates a surcharge fee often between $2.50 and $3.00 that goes straight to you.
Reduced Credit Card Fees: Encouraging cash transactions helps reduce processing costs.
Whether you run a convenience store, gas station, barbershop, or laundromat, adding an ATM offers practical benefits for your business and your customers.
Here are a Couple Questions to Ask to Determine if It’s Beneficial to Buy an ATM Machine for Your Business:
To determine if installing an ATM is right for your business, ask yourself a few key questions.
For instance, is there already an ATM in your area, or do your customers frequently ask for cash back or need convenient access to cash withdrawal services? Are you looking to reduce credit card processing fees or serve a cash-preferred customer base?
If you operate in a retail setting or own a business where quick cash access could improve customer satisfaction, an on-site ATM might be a great fit.
Businesses that often serve walk-in customers, such as convenience stores, bars, and salons — usually benefit the most from installing an ATM.
ATM Machine Installation: What to Expect
A professional ATM machine installation typically includes:
• Physical setup of the machine
• Anchoring it securely to meet safety standards
• Power and internet connection
• Software configuration and terminal activation
• Testing for transactions and receipts
Most atm installation cost between $250 and $300 for standard setup. Some also offer free installation if you lease the ATM or sign a service agreement.
If you’re handy and want to install it yourself, you might save on the labor cost — but it’s important to follow strict guidelines for safety and compliance. Keep in mind that a poorly installed ATM can pose security risks or lead to malfunctions.
ATM Resale Value
Worried that you might not need the ATM long term? You’ll be glad to know that ATMs retain their value relatively well.
As long as your machine is EMV compliant and well maintained, you can usually resell it to another business or back to your provider.
This makes buying an ATM a lower-risk investment for small business owners who want to try it out without locking themselves in for the long haul.
Additional ATM Machine Cost Information
Beyond the ATM machine and installation, there are a few additional expenses to be aware of:
Cash Loading: You’ll need to fund the ATM with a few thousand dollars per week, depending on usage. Some ATM service providers offer vault cash services if you don’t want to handle this yourself.
Receipt Paper and Supplies: Expect to spend about $100–$150 annually on consumables.
Maintenance and Support: Routine maintenance cost between $200 and $300 per year, though many machines come with a warranty.
Internet Connection: Most modern ATMs use a dedicated IP connection or a wireless terminal. This may add a small monthly fee to your expenses.
Insurance: Depending on your location and provider, you may want to insure the machine against theft or damage.
Why Choose a Professional ATM Installation Company?
While it may seem tempting to handle installation on your own, working with a professional ATM installation company ensures everything is done to industry standards. You benefit from:
• Expert guidance on ATM placement
• Secure, tamper-proof installation
• Technical support and warranty protection
• Faster setup with minimal downtime
• Compliance with ADA and EMV regulations
If you’re planning a long-term investment, partnering with the right company can save you time, money, and stress in the future.
Final Thoughts: Is an ATM Right for You?
From initial purchase to ATM machine installation, the process is straightforward when you have the right guidance.
Whether you’re looking to offer added convenience for your customers, drive more foot high-traffic areas, or earn extra income, installing an ATM could be a worthwhile decision. Start by researching reputable ATM installation in your area, comparing machine models, and planning out your costs. With the right setup and support, your new ATM could start paying off in no time.