Have you ever thought that installing an ATM machine can add profit to your business? This may sound crazy; but in reality, a little bit of planning and right placement can add more revenue to your account. These days, most of the hotels have space for setting up an ATM. At times, these are installed by the banks or the hotels have bought an ATM of their own for customers’ convenience. So, if you are running a hotel business, here are some ideas that you can follow to get an effective return.
Not much space required
An ATM machine takes a couple of square feet to stand. Hotel can easily provide this area, which clearly explains that a teller machine do not require too much space. But that does not mean it should be placed at any corner of the hotel. Keeping your ATM machine in a secluded region, somewhere tucked away, does not make any sense. Your customers would find it difficult to locate. Moreover, if you allow any card holders to draw money from your machine, they might feel like having a meal in your restaurant or referring someone to stay at your hotel. So, place the ATM machine at a convenient location that can be easily accessed.
Location really matters
The ideal place to install the American ATM would be the lobby. This is clearly visible and customers move around this area more than any other region of the hotel. However, if your hotel is located in a big city, placing the machine outside the entrance helps customer to draw money and pay taxi fare, tips or may be taking out cash for sudden requirements. On the other hand, if the hotel is located beside beach or any entertainment area, installing the ATM outside the resort would draw more revenue.
Selecting service model
You can select an ATM placement company that offers maintenance service even after you have bought the machine. You can get rid of the stress concerning up-gradation and maintenance of the machine because the placement company takes the responsibility. However, there is yet another service model and that is even more profitable. Here, you do not have to buy the machine, rather rent out a portion of the hotel to the ATM company. They install the machine and give you the rented amount. Apart from this, your hotel even enjoys additional processing fees, every time a customer makes a transaction.
Gaining more recognition
Though cards have turned out to be a major mode of paying any amount these days, ATM still continued to hold its importance. People still prefer to pay in cash because it can be accessed anywhere. If your hotel takes payments in cash and not in cheques, ATM is the savior. Your customers do not need to go to a bank to draw the amount because there is a teller machine in your hotel premise. This would undoubtedly give popularity to your hotel business and more customers would like to check-in because cash is available easily.
Whether it is for paying any dues of hotel or for local purchase, a personal ATM machine offers many advantages and doubles the revenue of your business without any additional effort.