ATM Machine Costs: How Much You Can Expect to Pay
ATM Machine Costs: How Much You Can Expect to Pay
Thinking about buying an ATM for your business? The first thing you may wonder is how much does it cost? The price of an ATM machine changes based on a few factors, the brand, model features, and the installation type. Knowing the variable and the price is key to making a smart choice and begin planning your purchase.
A new freestanding retail ATM machine usually costs between $2,500 and $3,000. Used ATMs are cheaper, ranging from $1,600 to $1,800. Through-the-wall ATMs, like the Genmega GT3000, cost about $3,999. Wall-mounted models, like the Genmega Onyx-W, are priced around $2,999. The price depends on the display type, cassette size, and security features.
Key Takeaways
New ATMs typically cost between $2,500 and $3,000, while used ATMs range from $1,600 to $1,800.
Through-the-wall ATMs, like the Genmega GT3000, have an average cost of $3,999.
Wall-mounted models, such as the Genmega Onyx-W, are priced around $2,999.
ATM Wireless Modem The modem will cost $130 and $10/month.
Factors influencing ATM prices include display type, cassette size, and security features.
Factors Affecting ATM Machine Prices
When you think about buying an ATM, it's key to know what affects the price.
Some factors include:
Screen size
Bill capacity
Number of different denominations the ATM holds
Whether you opt in for NFC payments
Upgrades to the topper signage and the cost of installation will also affect overall cost.
New vs. Used ATM Machines
Whether the ATM is new or used is a big price factor. New ATMs cost on average $2,600-$2,900 all in.. But, a used ATM, when available can be a lot cheaper, averaging $1,800 to $2,000. Make sure the used ATM is in good shape and fits your needs and budget.
ATM Model and Features
The type of ATM and its features also play a big role in the price. Basic ATMs cost about $2,400. But, more advanced ones with extra services can be much pricier. Think about what features you really need to find a balance between cost and usefulness.
Freestanding, Through-the-Wall, or Wall-Mounted
The installation type affects the price too. Freestanding ATMs are the cheapest, costing $2,500 to $3,000 for new ones. Through-the-wall ATMs, installed outside, cost between $4,000 and $8,000. Wall-mounted ATMs, like the Genmega Onyx-W, are around $2,999. Don't forget the ATM installation fees, which are $250 to $300. Some choose to install themselves to save money.
When planning for an ATM, remember the ongoing costs. Retail ATMs handle $6,000 to $8,000 monthly, needing $1,500 to $3,000 in cash each week. Also, set aside money for yearly upkeep, repairs, and supplies, which can be $200 to $300. Knowing these costs helps businesses make smart choices for their customers.
How Much Does an ATM Machine Cost?
The 2 most common retail ATM are the Hyosung Halo 2 and the Genmega G2500.
Hyosung Halo 2
The HALO II provides the best value of any retail cash dispenser in the industry with added peace-of-mind from enhanced security features at an affordable price. This new member of the Nautilus Hyosung retail family offers an improved UL 291 business hours safe with added break-in protection, an EMV card reader, a PCI 3.0 compliant keypad and secure communications protection using TLS (Transport Layer Security) transmission encryption.
Designed for retail and off-premise locations, the G2500 comes standard with an 8" high-resolution wide-screen LCD, which can be upgraded to a 10.2" touch-screen. In addition to the fixed, removable and multi cash cassette dispensers options offered by Genmega, the G2500 can support cash dispensers from other equipment manufacturers, providing more flexibility and upgrade options for existing deployments.
Thinking about buying an ATM? It's key to know the costs. Prices change based on if it's new or used, its model and features, and extra costs like setup and upkeep.
Standard Return Policy
Sellers often charge a 20% restocking fee plus shipping costs if you return it.
Price Range for Used ATM Machines
Looking for a cheaper option? Used ATMs start at $1,000. The Hyosung 2700CE is a popular choice. Used ATMs have a 30-day warranty, but nearly new ones can last up to 8 years.
When picking a used ATM, think about its features. These include screen size, safe durability, deposit options, dispenser size, and lock type. These details can affect the price.
Additional Costs: Installation, Maintenance, and Cash Loading
There are more costs besides the ATM's price. Installation can cost $250 to $300. You'll also need to keep the machine stocked, which costs $1,500 to $3,000 weekly. Maintenance and parts can cost $200 to $300 yearly.
Other expenses include a wireless ATM modem ($10/month), and replacement receipt paper. Optional cash loading services can cost $1 per transaction. Atm transaction fees can help cover these costs. Atm branding options can also increase visibility and attract more users.
Conclusion
Buying an ATM can be a smart move for businesses. But, it's key to know the costs first. The price of an ATM varies a lot. It depends on the type, features, and if it's new or used.
There are also ongoing costs for running an ATM. You'll need to pay for installation, which costs $2,500 to $4,000. Monthly fees for phone lines and cash services add up to $75. Don't forget about maintenance and repairs, which can cost $600 to $5,000 a year.
Despite these costs, ATMs can bring many benefits. They can increase foot traffic and sales. ATMs also save on labor and improve safety.
To decide if an ATM is right for you, compare costs and benefits. Think about your location, foot traffic, and customer needs. An ATM can be a great addition, offering convenience and potential financial gains.
FAQ
What is the average cost of a new, freestanding ATM machine?
A new, freestanding ATM machine costs about $2,500-$3,000. The price can change based on display type, cash cassette volume, and security features.
How much does a used ATM machine typically cost?
Used ATM machines usually cost between $1,600-$1,800. This depends on the model, features, condition and age of the machine.
What factors affect the cost of an ATM machine?
The cost of an ATM machine varies based on several factors. These include Screen size, printer size, and cash dispenser volume, the model and features, and its type. Additional features like lighted keypads and cameras also affect the price.
What additional costs should be considered when investing in an ATM machine?
Besides the initial cost, consider other expenses. These include installation fees ($250-$300) and cash inventory to stock the ATM ($1,500-$3,000 per week). Maintenance and replacement parts cost $200-300 per year. You'll also need wireless ATM Modem ($130 to purchase and $10/month)
What are the potential benefits of investing in an ATM machine for a business?
ATM machines can bring several benefits to businesses. They can increase foot traffic, make customers happier, and even earn extra money through fees. But, consider the costs to see if an ATM is right for your business.
Comments