Many business owners purchase used machines to help increase their income. Many business owners such as gas stations, salons, malls, restaurants, and other physical stores install ATM in their premises to give a push to their sales and to increase foot traffic.
However, not everyone can invest in a new ATM, and thus, used ATMs are their best bet. If you want to buy a used ATM instead of heading to Craigslist and purchasing one that is sold by random people, here are some tips to help you buy the best ATM machines for sale.
ATM is ADA Compliant –
The first thing you need to check is if the used ATM is compliant with the most recent standards. There are always new features added to the rules, and the ATM should be able to fulfill them. Otherwise, you can be fined for using them. Even if the ATM is not EMV compliant, it should be upgradable at a low cost. Some models can be easily expandable to be able to adapt to new technology in the coming years.
Age and Conditions –
You need to carefully check the manufacturing date of the ATM as most ATMs are built to last for about a maximum of ten years. Besides, you also need to check the rubber parts of the cash dispenser to ensure that they are firm. Overall, the machine should not look bad after a thorough clean up.
Check if the ATM is Working –
The next thing you need to do is plug the ATM and turn it on. You should be able to test the card reader, the keyboard, the printer, and the money dispenser. If something is not working, it's not a good idea to purchase it as the cost of ATM repairing it might be too high. Some of the parts of the ATMs are expensive, and you do not want to pay for it after you have purchased the used ATM.
What Should You Pay for Used ATM –
The price of a used ATM that needs to be upgraded will depend on its make and model. You need to consider the cost of the repair and replacement of parts before you come to a price. Also, check if the buyer is offering a warranty on the product.
Buying used ATMs may come at a low price, but the costs can quickly add up if you are not careful. You might end up pouring in more money then you have intended to if you are not careful. If you don't want to go through all the trouble mentioned above, refurbished ATMs are your best pick.
Buying used ATMs may come at a low price, but the costs can quickly add up if you are not careful. You might end up pouring in more money then you have intended to if you are not careful. If you don't want to go through all the trouble mentioned above, refurbished ATMs are your best pick.
Conclusion -
Some companies sell these machines, which as not just compliant to the new laws but also offer repair and maintenance services for added benefits. These companies will clean, paint, and upgrade the ATMs without you having to worry about it.
Also, they offer a warranty on their products, allowing you to make an informed decision about your business.
Also, they offer a warranty on their products, allowing you to make an informed decision about your business.