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Old 01-13-2004, 09:20 PM   #1
funkmaster
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Own your own ATM machine - SCAM ??

... just received this spam, I have removed the URL, but what sort of a scam is this now ??


-----------------------------------------------

You can now own your own A T M machine. Congress has
passed a law allowing US citizens the same rights as
the banks.


You can own a cashless ATM machine and enjoy all
the benefits of the ATM business without prohibitive
costs and problems of cash ATMs.

With your ATM business there is immediate income,
virtually no overhead, and no employess. These machines
work for you 24/7, resulting in as much as a $1.00
profit to you for each transaction - not to mention the
tax advantage that come with owning an ATM.

We will provide you with high traffic locations in
brand name fast food restaurants. The typical ATM
installation averages over 4000 transactions per month and you
get $1 for each. This is a turnkey business with
immediate income, no overhead and no employees to pay.

Contact us now while the best locations are still
available and to find out how we can help you take the
first step to enjoying financial freedom.

Own your own ATM machine now... quick form

Thanks in advance,

Maritza Gunter
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Old 01-13-2004, 09:23 PM   #2
detoxed
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Why would it be a scam?
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Old 01-13-2004, 09:28 PM   #3
SoundMan
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old news.
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Old 01-13-2004, 09:29 PM   #4
OzMan84
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Quote:
Originally posted by detoxed
Why would it be a scam?
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Old 01-13-2004, 09:30 PM   #5
JSA Matt
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just saw them putting one in Burger King today
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Old 01-13-2004, 09:31 PM   #6
Phoenix
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if you have the traffic (walk or drive by), and can afford the float as well..as the money int he machine has to be yours as well...then you can make it with them.
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Old 01-13-2004, 09:32 PM   #7
MadCap
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I get phone calls for shit like that all the time


I bought a few internet payphones a while ago and now they wont leave me alone but 1-1.50 per transaction in a good place would be nice passive income.
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Old 01-13-2004, 09:32 PM   #8
Spunky
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Could be quite profitable in the right location.Just gotta worry about the thieves carting it away though
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Old 01-13-2004, 09:36 PM   #9
BIG Movie List
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i wouldn't believe anything sent to me through spam.
if probably a friend sent me this offer, i'd believe it.
this has gotta be a scam.
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Old 01-13-2004, 09:39 PM   #10
EscortBiz
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years ago spent 10K to get 5 machines, they do all installations and have the locations etc and I get paid monthly.

They never found locations I lost the money.

Might be a different business but who knows

I do know CSI has a system where if you find a merchant location for an ATM you can buy it then get a cut on all trans.
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Old 01-13-2004, 09:40 PM   #11
brizzad
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not a scam... an uncle of a friend put up a few down here and so far he's pretty happy
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Old 01-13-2004, 09:43 PM   #12
Ash@phpFX
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automatic teller machine machine ?
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Old 01-13-2004, 09:43 PM   #13
rowan
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What is a 'cashless' ATM exactly?
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Old 01-13-2004, 09:46 PM   #14
EscortBiz
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Quote:
Originally posted by brizzad
not a scam... an uncle of a friend put up a few down here and so far he's pretty happy
does he own the location? have any more info?
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Old 01-13-2004, 09:47 PM   #15
HitMePlse
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Ever been into a mom and pop grocery store or liquor store? Either the store owner owns it and supplys the cash or it is put there by an indipendent person such as my friend. He owns serveral machines and has them placed all over. Each machine cost him around 5k. He pays for the phone connection, gives the store owner 5 cents and the bank $1.25 per transaction and he pockets $2.70.
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Old 01-13-2004, 10:02 PM   #16
 Smokey The Bear 
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Quote:
Originally posted by rowan
What is a 'cashless' ATM exactly?
Instead of cash it spit out a little stub that says $20 or $50 or whatever and you take it to the counter of whatever store the instant teller its in and they give you the cash. The person gets an atm the store gets a sale and you make a buck , nothing scammy about it. Insurance is a bitch.
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Old 01-13-2004, 11:53 PM   #17
KCat
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You need to have a lot of machines in good locations to make money. The cost to re-stock the machines is a pain in the ass too. You don't make much for the amount you need sitting in them, but selling ads works well.
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Old 01-14-2004, 01:09 AM   #18
goBigtime
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movie theaters do this...

They make it "Cash only" so you have to use their $2 fee ATM.

As if $10 per ticket and $12 for a box of popcorn and a soda wasn't enough...
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Old 01-14-2004, 01:11 AM   #19
goBigtime
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Quote:
Originally posted by HitMePlse
He pays for the phone connection, gives the store owner 5 cents and the bank $1.25 per transaction and he pockets $2.70.
I don't get it.

Can you break your math down again?
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Old 01-14-2004, 01:15 AM   #20
Dveron
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Quote:
Originally posted by goBigtime


I don't get it.

Can you break your math down again?
When a person uses the atm they're charged a $4 transaction fee then it's split 3 ways.
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Old 01-14-2004, 01:37 AM   #21
Greg B
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Dude, one of my pals and one of my lawyers does the ATM thing.

It's a huge business BUT you have to work with the right company or you will be fucked stupid. It's not alot of work at all, it's just doing the math and being responsible.
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Old 01-14-2004, 01:40 AM   #22
Greg B
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Quote:
Originally posted by EscortBiz
years ago spent 10K to get 5 machines, they do all installations and have the locations etc and I get paid monthly.

They never found locations I lost the money.

Might be a different business but who knows

I do know CSI has a system where if you find a merchant location for an ATM you can buy it then get a cut on all trans.
Yep, LOCATION is the keyword. One way my guys did it was they already had the locations. They then sold ATMs with the statisics to back it up with guarantees. Some people make 18% annually.
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