Your surcharge fee is the amount a customer pays to use your ATM. This fee is the way you make money in the ATM business. If you set it right, you can earn more without turning people away.
What is a normal surcharge fee?
Most ATMs charge $2- $4 per withdrawal. The best fee depends on the type of business and the area.
What affects the best surcharge fee?
- How busy the location is
- If people really need cash there
- If there are other ATMs close by
- The type of customers (locals vs. tourists)
Simple tips for setting your fee:
- Start with a fair fee that matches the area
- If the ATM gets a lot of use, you can test a small increase
- If use is low, you may need to lower the fee
Don’t forget the business owner.
Many locations want a share of the surcharge. A fair split can help you keep the location long term.
Quick Start Checklist:
- Â Check what other ATMs charge nearby
- Â Pick a fair starting surcharge
- Â Track how many withdrawals you get
- Â Adjust the fee if needed
- Â Agree on a clear split with the business owner
Follow us on Facebook and Instagram