Your Guide to Starting an ATM Business

Your-Guide-to-Starting-an-ATM-Business-by - ATM-Advantage

When people need access to money, more often than not, they turn to ATMs are the closest, even if this results in paying an additional fee. From a business point of view, strategically placing ATMs in areas with high foot traffic gives you the means to earn passive income. Fortunately, there is no rocket science involved in learning how to start an ATM business.

The Money You Stand to Make

Independent ATMs account for a fair share of the overall ATM market, so there’s a considerable amount of money to be made.  Data shows that of the approximately 470,000 ATMs in the U.S. in 2018, more than 278,000 were independently owned.

Fees earned from ATMs are typically split between three parties – the owner of the ATM, the owner of the venue, and the ATM processor. If you are the owner of the ATM and the venue, your share in the profit increases. The ATM processor is responsible for processing payments, which is why it gets a share of the fees.

As just the ATM owner, you stand to make around $3 in fees per transaction. As a venue owner, you stand to make around $0.50 per transaction. However, when you work with an ATM management company as a venue owner, you may get up to 100% of the surcharge amount as well as an added payment for interchange.

How to Start an ATM Business as a Venue Owner

How to Start an ATM Business as an ATM Owner

If you own a venue and are thinking about starting an ATM business on the side, the process you need to follow is rather simple. All you need to do is contact a full-service ATM management company. The company you work with is responsible for:

  • Procuring and installing the ATM
  • The ATM’s connectivity and deployment
  • Cash management
  • Ongoing maintenance
  • Incident management

How to Start an ATM Business as an ATM Owner

If you’re looking at becoming an ATM owner and placing ATMs across different locations, know that there is more to the process than starting an ATM business as a venue owner. Here’s what you need to do:

  • Register a business and open a bank account
  • Aquire any required state, local licenses and or permits
  • Find locations with high footfall such as malls, nightclubs, convenience stores, and gas stations
  • Arrive at agreements with venue owners to places ATMs
  • Purchase ATMs
  • Install ATMs

Moving forward, an easy way to keep earning passive income without worrying about the technicalities is to use the services of a company that specializes in ATM processing and management.


Consider an ATM business for a reliable source of passive income, as strategically located ATMs provide convenience that customers appreciate. Starting an ATM business could be a lucrative option, especially with the potential for increased usage in high-traffic areas. Now could be the perfect time to explore this opportunity.

If you need an ATM at any other type of location, contact us now.

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