A woman withdrawing money from an ATM.
If you’re looking to earn extra money, operating an ATM is a popular way to get started. If you rent an ATM, you are essentially renting the machine and keeping the profits for yourself. To start the leasing process, there are four steps you must follow. Find companies that provide ATMs, shop for different rental plans, fill out the proper paperwork, and prepare a place to put the ATM.
Mobile ATMs generally only need a power source to operate.
If you want to rent an ATM, the first step is to locate an ATM rental or sales company. The number and proximity of these operations depends largely on the size of your community. Larger cities tend to offer more rental options. A simple search online or in the phone book will reveal your options.
If you’re lucky enough to have multiple options for renting an ATM, it’s important to talk to each sales representative and take notes. Each organization has its own rental agreements and it is important to find the options that best suit your situation. The most important question to ask yourself is what is the monthly rental fee for a personal ATM. Other issues to consider are whether you can set the ATM fee yourself, whether you must provide your own cash or the business lends it, and who is responsible for ATM repair costs.
Once you have found a leasing company that meets your criteria, you will need to gather a great deal of information to complete the lease paperwork. The forms ask standard questions about your name, address, and contact information, as well as more detailed questions. To rent an ATM, many forms will require your bank account information. In addition, you must include information about your company, for example, if it is a partnership. In that case, you will need these partners to sign off on this project.
When filing paperwork, it’s important to provide a place to put it, because you can’t have an ATM without the proper floor space and access to electrical outlets. If you rent an ATM, you need to think about these logistical issues ahead of time. Lack of proper planning could mean that the rental company repossesses your property because they don’t have room for it.