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-   -   Anybody want to buy an ATM machine? ^_^ (https://gfy.com/showthread.php?t=693241)

Redmanthatcould 01-05-2007 11:51 PM

Quote:

Originally Posted by notabook (Post 11667883)
ATM stands for Automatic Teller Machine or Automated Teller Machine. When you say ATM machine you are saying Automatic Teller Machine Machine or Automated Teller Machine Machine. =(

I am glad I am not the only one that is irriated by that.

"PIN Number" also gets my goat

KaLi 01-06-2007 02:09 AM

Quote:

Originally Posted by Martin (Post 11668635)
A atm for sale. Get your atm here!


Cool.

You got it. Still up for grabs, a few interested parties - but its still up. If you are interested contact me on ICQ. :)

martinsc 01-06-2007 02:20 AM

Quote:

Originally Posted by BusterBunny (Post 11667964)

damn, i miss that game....

Zuss 01-06-2007 03:50 AM

Does it come with money?

JFK 01-06-2007 04:07 AM

Quote:

Originally Posted by KaLi (Post 11668423)
Money comes in the long run. If you are a good salesperson and can market you way to business owners, you can get an excellent location and charge $2 per swipe. The money comes in the long run...

Lets say you charge $2 per swipe and get an average of 30 transactions a day.

Thats $60/day and $1800/month.

Lets say this continues. You make your money back in just over 2 months.
Now lets say you buy another machine, and your sales keep steady (which is the case 99% of the time).

Eventually, you own 5 machines making an average of $1800/month each. Who wouldn't mind sitting on their asses making $9k a month?

And if you are wondering about fees, very minimal. Even less if you don't use an armored car to load it.

Anyone still think its a bad investment?

;)

sounds GREAT in Theory, BUT you still have to find that good location in order to do proper #'s. Its like a vending machine, they are all over and just because you have one it does not mean the cash will start flowing. Btw the prices have come down greatly from a few years ago, when I looked into it. It used to be like 15k for one of the machines back then.

Klen 01-06-2007 05:46 AM

Well if i would have 4000$ extra then i would buy it.But i dont have somuch money extra :)

Pete-KT 01-06-2007 07:01 AM

Um ya ive always wanted an atm machine,

I think ive seen it all of GFY now

Mr. Romance 01-06-2007 07:10 AM

Good luck selling it...I love ATM machines, they make life so nice


Mr. Romance

stillsexy 01-06-2007 09:37 AM

comes with a hot babe?

MikeVega 01-06-2007 09:42 AM

I would love to put one out by the pool next to a vending machine full of beer so in the summer i could charge for drinks and none can say they have no money ...lol it would be cool to keep extra cash in it ..

Elli 01-06-2007 11:15 AM

I wonder if they sell these on EBay?

wyldworx 01-06-2007 11:19 AM

My offer, $2, now how much cash does it come with!

SmokeyTheBear 01-06-2007 11:30 AM

access to key management requires entering a "secure" mode wich engages additional features ( per VISA specifications ) to prevent master key tampering.

entering key management requires 2 16 digit passwords.. by default these are 000000 and 000000

SmokeyTheBear 01-06-2007 11:33 AM

this is the silly machine that made the news recently because all the master passwords are stupidly silly ..

master default passwords are like 555555 333333 and 000000

pretty hard to guess :)

If you get into one you can dial up your home computer and change the logo's to your own custom ones...

It would be cool for someone too hook it up for a show with aan adult theme..

You can also add custome messages to the receipt and give away gift certificates with the money

SmokeyTheBear 01-06-2007 11:37 AM

its got loads of features .. im half tempted to buy it..

I dont know anything about their operation though..

Once i have the machine how hard is it to setup.. ? like to get running.. is it just use a reg phone line ? how hard is it to get visa to turn it on.

bareskin 01-06-2007 11:52 AM

Quote:

Originally Posted by minusonebit (Post 11668312)
I'll buy copies of the manuals, pictures of the inner workings and copies of the software. You can keep the machine.

:thumbsup me to please

grumpy 01-06-2007 12:20 PM

whats the profitmodel with a machine like that?

emthree 01-06-2007 12:27 PM

ATMs can be good business.
Location location.

vvq 01-06-2007 12:39 PM

most good atm locations already taken

Alex 01-06-2007 03:39 PM

What about insurance on that thing?
Lets say you have $14,000 in cash loaded up? How much do you pay an insurance company to have it insured in case you get it stolen.

Thats my biggest fear, is insurance. Although if you have it in a mall or something in sure that isnt a problem.

And how much do you pay the location owner to put your ATM in thier location.

Im sure if i owned a mall, companies would be competing over a chance to have thier machine in my mall, so i would definatley charge.

needlive 01-06-2007 03:51 PM

I could rob myself whenever I want to. Ok I'm tired

KaLi 01-06-2007 03:54 PM

Quote:

Originally Posted by MikeVega (Post 11672426)
I would love to put one out by the pool next to a vending machine full of beer so in the summer i could charge for drinks and none can say they have no money ...lol it would be cool to keep extra cash in it ..

The sky is the limit :)

If anyone is interested, hit me up and maybe we can work some sort of deal ;)

Alex 01-06-2007 03:56 PM

KaLi answer my questions please :)

KaLi 01-06-2007 03:59 PM

Quote:

Originally Posted by Alex (Post 11674574)
What about insurance on that thing?
Lets say you have $14,000 in cash loaded up? How much do you pay an insurance company to have it insured in case you get it stolen.

Thats my biggest fear, is insurance. Although if you have it in a mall or something in sure that isnt a problem.

And how much do you pay the location owner to put your ATM in thier location.

Im sure if i owned a mall, companies would be competing over a chance to have thier machine in my mall, so i would definatley charge.

So first off, with insurance - you basically only are insuring the machine itself. There are companies out there that offer insurance for ATMs, and it is not expensive. Ive never seen it more than $200/year.

You can insure the money as well, but most owners don't for the following reason. Just have it refilled by Armored Transport. They will insure the funds during transport and loading. While it is in the machine, the chances of it getting stolen (and successfully doing so) are extremely slim. If you install it correctly, the farthest most thieves will get it moving the ATM off its base - then give up. It is a 200lb machine, and when you load the bottom with 400lb weights, its not going anywhere.

As for location owners, like I said - if you are a good salesperson you can convince the owner that you are actually doing them a favor - and sometimes not pay them anything at all.

If you do pay them, its usually a small rent fee OR a per surcharge fee (for instance $0.25 per surcharge)

If you can get it in a location like a mall, yes you will be competing. But it is mostly whoever gets their first - because no ATM owner is going to pay the mall more than they are going to earn, so there is a limit.

Any other questions? :)

KaLi 01-06-2007 04:00 PM

Quote:

Originally Posted by grumpy (Post 11673607)
whats the profitmodel with a machine like that?

It depends on how you run your business and where. ATM income varies extremely with location - so you just need to market yourself, then have a solid business plan.

KaLi 01-06-2007 04:01 PM

Quote:

Originally Posted by Alex (Post 11674648)
KaLi answer my questions please :)

Read above :)

KaLi 01-06-2007 04:02 PM

Quote:

Originally Posted by vvq (Post 11673708)
most good atm locations already taken

Not necessarily, new business open in excellent locations everyday. Just need to keep your eyes open and get your name out there. Market yourself and people will be coming to you. Trust me, it is entirely possible. :thumbsup

Alex 01-06-2007 04:05 PM

So its not really worth getting any insurance at all. Because why pay insurance on the machine. If the machine get stolen, you get you $4000 back, but the $20k+ inside is gone.

I used to live in Van Nuys, and there was this shopping mall/area that had an ATM that had the money stolen 3 times before they took it away. Hence my question.

KaLi 01-06-2007 04:08 PM

Quote:

Originally Posted by SmokeyTheBear (Post 11673415)
its got loads of features .. im half tempted to buy it..

I dont know anything about their operation though..

Once i have the machine how hard is it to setup.. ? like to get running.. is it just use a reg phone line ? how hard is it to get visa to turn it on.

I actually already have it set up, but it doesnt take more than 1 hour really. It always comes with a detailed manual - and you can fully understand the operations in about 2 hours.

To get it running, you just do basic setup. Then you find a location. Once you have a location, you get everything setup.

You will need to find a processor, and I can get you in touch with some. You then get verified by Coredata (it might be FirstData now) and they are the network who process all of the transactions for all ATMs, basically a third party.

Any by the way, you pay nothing to the processor, nor to FirstData. FirstData makes money their own way, and your processor makes money on the transfer of the transaction. None of your money goes to them, so the surcharge is 100% yours.

If you need more details, hit me up on ICQ.

KaLi 01-06-2007 04:10 PM

Quote:

Originally Posted by Alex (Post 11674692)
So its not really worth getting any insurance at all. Because why pay insurance on the machine. If the machine get stolen, you get you $4000 back, but the $20k+ inside is gone.

I used to live in Van Nuys, and there was this shopping mall/area that had an ATM that had the money stolen 3 times before they took it away. Hence my question.

No no, the insurance is totally worth it. By $200/year I meant that you can insure both the machine and the cash inside. $20-30 a month for full insurance is not bad at all.

KaLi 01-06-2007 04:13 PM

Quote:

Originally Posted by SmokeyTheBear (Post 11673395)
this is the silly machine that made the news recently because all the master passwords are stupidly silly ..

master default passwords are like 555555 333333 and 000000

pretty hard to guess :)

If you get into one you can dial up your home computer and change the logo's to your own custom ones...

It would be cool for someone too hook it up for a show with aan adult theme..

You can also add custome messages to the receipt and give away gift certificates with the money

The master keys are psycho. When you receive them, one half of the master key is sent to you. The other must be sent to a complete different address. When you enter your half of the master key, you must do it alone. You must then destroy your copy. The other half must be entered by another person, and the same done with their copy.

Yeah, its pretty secure. ;)

KaLi 01-06-2007 04:14 PM

Smokey, hit me up on ICQ if you have any other questions. :)

grumpy 01-07-2007 06:52 AM

how much money do you make on a redraw?

KaLi 01-07-2007 07:24 AM

Quote:

Originally Posted by grumpy (Post 11678234)
how much money do you make on a redraw?

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.

SmokeyTheBear 01-07-2007 08:39 AM

Quote:

Originally Posted by KaLi (Post 11674722)
The master keys are psycho. When you receive them, one half of the master key is sent to you. The other must be sent to a complete different address. When you enter your half of the master key, you must do it alone. You must then destroy your copy. The other half must be entered by another person, and the same done with their copy.

Yeah, its pretty secure. ;)

heh i wasnt talking about the master keys..

The machine you have was on the news recently because some guy ripped one off they had on the news recently because it had insecure default passwords that would allow a person to change the bills the machine was dispensing , so it thought it was giving out $5 bills but it was actually pumping out $20's . The master key isnt needed to access those functions.. i'm looking at the manual for it right now. The machine itself isnt insecure in any way other than the defaul passwords ( that can simply be changed )

KaLi 01-07-2007 02:20 PM

Oh, you are talking about the master password, not the master keys. Yeah, the master password should be changed by the owner. If it is not changed, then you have issues. To get into a certain important parts of the machine, you need 2 separate secure passwords that are entered one after the other. A person much know the master password to get into the setup, as well as both of those keys. If you make it simple, you are stupid. If you make it hard, you are pretty well off.

Then there is the password for the lock. And to get to the lock you need to unlock the case with a specific key. Hehe, its pretty secure when you really get down to it. The people who get robbed and have their machines altered are the ones who don't take the time to make everything secure. Therefore, they deserve to get screwed, haha. :D

uno 01-07-2007 03:00 PM

Quote:

Originally Posted by KaLi (Post 11668275)
Mine currently holds about $14,000. If you buy another cassette for it, the limits depend. Depending on the cassette you buy, you can set this ATM to hold in the upwords of $50,000. Average with a 2nd cassette is about $22,000 though. (This is all assuming you are loading it with $20 bills)

If you are interested Shemp, send me a message on ICQ and I can answer any questions you might have. As well as give you insight on the industry. :)

Are those things insured, federally or otherwise?

uno 01-07-2007 03:02 PM

Quote:

Originally Posted by VS_Jeff (Post 11668660)
I am glad I am not the only one that is irriated by that.

"PIN Number" also gets my goat

I posted about that a few days ago. It's also like saying "Overly redundant".

HouseHead 01-07-2007 03:23 PM

Quote:

Originally Posted by Alex (Post 11674692)
So its not really worth getting any insurance at all. Because why pay insurance on the machine. If the machine get stolen, you get you $4000 back, but the $20k+ inside is gone.

I used to live in Van Nuys, and there was this shopping mall/area that had an ATM that had the money stolen 3 times before they took it away. Hence my question.

Crazy Asians <<

uno 01-07-2007 03:35 PM

Is there a website out there with some more info on the machines?


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