Quote:
Originally Posted by grumpy
how much money do you make on a redraw?
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I suppose you mean per swipe? Thats up to you, most machines charge between 1.50 and $2, but you can charge anything you like. The full amount is your profit.
So lets say you charge $2 per transaction. You have a good location so you are giving the location owner $0.50 per transaction as payment for rent. Each time a customer uses the machine, the full $2 will go into your account as profit. Then at the end of the month, you can just cut the location owner a check for whatever amount you owe.
Average ATM will do 15-20 transactions per day, unless you can get a really good spot.