An ATM machine can be highly beneficial in long term for your business. While it will help in boosting foot traffic, it will also decrease the debit/credit transaction cost. ATM transaction fees can also add to your profits. However, if you cannot decide whether to go for buying or leasing ATM machines, then check out below how leasing can be more beneficial.
No financial burden
Leasing an ATM machine allows you to pay for its lease cost with the gathered surcharges. In fact, the extra profits from surcharges can be yours while you keep delivering effective customer service. On the other hand, buying a machine will require a single big investment.
Cash flow maintenance
There are several low-cost lease deals available on ATM machines but buying them will incur huge costs for your business. Usually, a single machine is sold for $2,000 to $3000. On the other hand, a monthly payment for leasing can be an operational expense, which you would be able to take out of mere 1-2 transactions. This maintains cash flow for the business.
Related Read: Perfect tips to buy an ATM
Thus, leasing of an ATM machine instead of buying can leave you with more profits in the long term. However, it is critical to note the leasing terms and conditions and weigh the cost factor before jumping into just any deal.
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