When it comes to restaurant ATMs, there are lots of positives and negatives to be seen, depending on your personal viewpoints. Lots of people enjoy having restaurant ATMs readily available, especially when the restaurant in question only takes cash. Restaurant owners usually like having restaurant ATMs around, because they...

The Good, The Bad and The Ugly About Restaurant ATM's

When it comes to restaurant ATMs, there are lots of positives and negatives to be seen, depending on your personal viewpoints. Lots of people enjoy having restaurant ATMs readily available, especially when the restaurant in question only takes cash. Restaurant owners usually like having restaurant ATMs around, because they mean that patrons are more likely to pay in cash. When customers pay in cash, the restaurant does not have to pay the 1-3 percent fee that the credit card companies levy upon them.

Still, many people hate restaurant ATMs. Some people do not like that some restaurants only take cash, and with only one ATM in the area they feel forced to use that particular machine, even if it charges high fees. When you figure that most restaurant ATMs charge fees of at least $2, and then on top of that most banks will charge their customers at least $2 for using another brand of money machine, the cost of using restaurant ATMs is astronomical.

Fortunately, there are some advancements being made when it comes to restaurant ATMs. For one thing, a lot of banks are changing their policies about charging people to use restaurant ATMs that do not bear the name of the bank at the top. This is making people more and more likely to use restaurant ATMs, since being charged one fee is much better than being charged several fees.

One of the best ways to circumvent the fees levied by restaurant ATMs is to purchase your own. When you do this, instead of being charged fees by restaurant ATMs, you will be collecting fees for their use. Sure, it may be only a few dollars at a time, but if you figure that 100 or so people will use your restaurant ATMs each week, you will end up collecting hundreds of dollars every week. In a short period of time, restaurant ATMs pay for themselves and quickly start earning you a significant profit. To find out more about restaurant ATMs and how you can put them to work making you money, check out www.atmwholesaler.com.