U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-08-2013, 11:50 AM
 
54 posts, read 117,764 times
Reputation: 70

Advertisements

I currently have a vending business here in the Houston area and am looking to expand into ATMs. I have done a ton of research but would like some feedback from people who have been in the business. The good and the bad.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 09-10-2013, 12:37 PM
 
Location: North Idaho
25,207 posts, read 33,124,029 times
Reputation: 51904
All I can think of is that you'd better have a secure location where no one can attach a chain to your machine and jerk it out of the wall.

Other than that, they are supposed to make money, but at 15 cents per customer, they can't be making too much.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-13-2013, 08:08 PM
 
7,005 posts, read 4,230,437 times
Reputation: 6696
Quote:
Originally Posted by oregonwoodsmoke View Post
All I can think of is that you'd better have a secure location where no one can attach a chain to your machine and jerk it out of the wall.

Other than that, they are supposed to make money, but at 15 cents per customer, they can't be making too much.
I'm sure there's insurance for that.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-17-2013, 09:21 AM
 
Location: Pearland
799 posts, read 2,192,604 times
Reputation: 694
Declining business. Honestly, the only growth I see in ATM's would be placing them in pawn shops, or other businesses that require cash. Any pawn broker can and will buy their own. Aren't more and more of your vending locations(especially bars) going cashless?

One of my friends is in vending and Ive listened to him talk about the business a ton, but don't have personal experience.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-03-2013, 02:37 PM
 
134 posts, read 398,215 times
Reputation: 86
Yes, only ATMs near cash businesses would make sense. I rarely hit an ATM anymore and if I do, I just drive by my bank first.

A better business idea is to sell POS products to small businesses to accept credit cards. You get a nice flat fee for the setup/installation, consulting, and markup on product. You also get income from the support of that POS system going forward.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-04-2013, 03:33 PM
 
Location: All Over
4,004 posts, read 5,003,566 times
Reputation: 3104
oops i thoguht you were referring to a business in adult nature atm is also a reference for something else as well. guess i was wrong your talking about cash machiens lol
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-21-2013, 05:35 AM
 
7 posts, read 12,000 times
Reputation: 10
People these days are not interested any more in ATM's.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2013, 06:17 PM
 
Location: Miami, FL
8,088 posts, read 8,298,943 times
Reputation: 6650
You may wish to email the poster of this thread as he is in the same business:
//www.city-data.com/forum/busin...-business.html
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-04-2013, 04:52 AM
 
Location: San Francisco
48 posts, read 97,026 times
Reputation: 27
Its not a profitable business now!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-10-2013, 08:06 AM
 
1,248 posts, read 3,788,430 times
Reputation: 861
If it WERE so profitable, then why do there seem to be many listed for sale on Craigslist of all places?
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 04:01 AM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top