Automated Teller Machines – A Sure Way to Expand Your Pot Business

Monday, February 19, 2018, 6:00 AM | Leave Comment

In recent times, there has been an increasing demand for ATM machines in or within hundreds of business premises. The intentions behind this are to draw more customers in, increase the customers’ spending and boost sales.

And owing to the fact that so many people dread the idea of queuing in a bank to do various transactions, installing one more ATM vendors will be a huge plus for the business.

This post is a comprehensive guide on ATMs and how business owners are investing in these machines as a way of expanding their businesses. So, read on, be informed and join the trend.

First things first; thanks to the new era of ATM machines, you no longer have to wait in line for you to deposit money, withdraw money or even transfer money. The automated teller machines have introduced a new way of doing money transactions without having to be in a bank.

The good news is, the process is speedy and reliable.

As a matter of fact, the presence of an automated teller machine (ATM) in your medical marijuana dispensing business will be extremely beneficial. Take it from me; most medical pot businesses are retail businesses, and your customers are expected to pay for their purchases in cash.

Having an ATM machine within the business premise will encourage the customers to withdraw money and spend it in your store. Moreover, even if not all of them use the money to purchase the products you are selling, directs profits of the ATM machine come to you.

Moving on, here are 4 reasons why you should consider installing ATM machines in your marijuana business;

  1. ATM machines are a sales increase guarantee –Studies have shown that a significant percentage of the money that is transacted in an ATM is spent within the premises. This means that with additional cash at hand, more customers will want to buy your products. That said, it is evident that installing an ATM in the business premise will have a good return on investment and that it will boost sales and increase profits.

  2. ATM machines offer security to the customers – Walking around with cash is not safe anymore. Fortunately, you can lessen the burden for your customers by installing ATM machines right within the business premises. Truth is, a customer will prefer a business that has an ATM machine within to one that doesn’t. This will allow them to withdraw their money without fear of being robbed.

  3. ATM machines will reduce your credit card fees – Credit card fee is one of the greatest worries for most business owners. It is time to be smart and invest in an ATM machine. The machine reduces the costs that you pay for credit cards and instead makes money for you with every single transaction.

  4. The number of customers will go up – Customers hate the idea of having to stop at a bank to withdraw some money. Having an ATM at the business premises not only saves them time but also gives them an assurance that all their cash needs are catered for.

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