Procedures to Buy an ATM Machine in South Africa
How much does it cost to buy an ATM machine in South Africa?
In South Africa, a typical ATM machine costs between $1,000 and $25,000, depending on the model and type. A freestanding ATM machine can cost anywhere between $3,500 and $7,000. A fully enclosed or through-the-wall ATM machine costs between $5,000 and $10,000.
How much money can you make owning an ATM machine?
There are many sources online which tell you that you can make $500 per month or more from each ATM. Most of the time, these estimates are much too high. My recommendation is to do your homework and count on $250-$300 of income on the higher side. $150-$200 on the low side is a safe bet.
How much money can you make owning an ATM machine in South Africa?
In South Africa, the average ATM in a retail environment does about 6-10 transactions per day. At 6-10 transactions per day, that is a daily gross profit of $15 – $25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450 – $750 per month.
How do I become an ATM vendor in South Africa?
The following are procedures to become an ATM vendor in South Africa:
- Locate good retail locations such as gas stations, convenience stores, bars, malls, and nightclubs.
- Negotiate an agreement to provide an ATM.
- Buy ATM.
- Install machine.
Can I buy an ATM in South Africa?
Yes. ATM machines can range in price from $10,000 to $25,000. A replacement ATM should cost around R385 000. There are approximately 3,500 to 7,000 freestanding units available for sale. An ATM business in South Africa requires a minimum of $5,000 in funding.
How Much Does An ATM Cost New in South Africa?
The price of an new ATM in recent years is between the prices of $2,000 and $8,000, but in general, freestanding ATM machines will cost around $2,300 to $3,300 while used machines are usually priced between $1,200 and $ 2,000.
