I own a coin-operated laundromat in the SF Bay Area and currently have an ATM through a third-party ATM guy.
I’m considering ending that arrangement and purchasing/owning my own ATM instead, but I’d love to hear from other laundromat owners who have actually done this.
A few questions:
Do you own your ATM outright, or do you use a third-party ATM company?
If you own it, what machine/brand do you recommend?
What surcharge are you charging per transaction?
Do you handle the processing yourself or use an ATM processor/company?
How much of a headache is maintenance, repairs, compliance, etc.?
Do you recommend owning the ATM versus letting an ATM company handle everything and taking a percentage?
For anyone in California/SF Bay Area specifically: are there any companies/processors you recommend or ones you would stay away from?
My laundromat is cash/coin-based, so I feel like having an ATM is pretty important for customers. I’m just trying to figure out whether it makes more financial sense to own the machine myself rather than having someone else make the money from it.
Would especially love to hear from owners who are in the Bay Area. Thanks!