How Much Money Do ATM Owners Make?
February 28, 2022 by Nathaniell
A man's hand holds a wad of hundred dollar bills in front of a freestanding ATM.
When it comes to passive income, you want to find a side hustle that fulfills three Ps: it needs to be practical, predictable, and of course, profitable.
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ATMs can be divided into two categories: those owned by banks and those owned by everyone else. For those owned by everyone else, they can be managed by large operators of multiple machines or by individuals that own one or a few.
There are three paths to making money from ATMs: buying, leasing, and 50/50 placements, which are a type of profit-sharing arrangement.
As an ATM owner/operator you pocket the surcharges people pay to use your ATM. You know that fee warning on ATMs that tells you how much it’s going to cost for you to make a withdrawal? That’s the fee you will make as an ATM owner or lessee.
But do people still use ATMs?
Yes! In fact, one-third of Americans use ATMs at least once a week. If you install an ATM in an ideal location, your profit potential is extremely high.
ATM ownership is a good side hustle and passive income producer. If you own a store, apartment building, restaurant, café, or other highly trafficked area, you can also realize synergies by owning an ATM, because the ATM will not only earn you money but also drive traffic to your site, which can present other monetization opportunities.
How Much Money Do ATM Owners Make?
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