Used or New ATM?

So you’re finally getting an ATM for your business or event. At other venues, you’ve seen the value it brings to customers, and you want to allow for easier transactions for your vendors, customers, and staff as well. Now it’s time to find the right ATM sales Colorado team to help you choose the best option for your unique set of needs. There is much to consider. For example, newer models will most likely cost more than used. But it’s important to note that not all used models come with active warranties. There are many types of ATMs, and depending on your need, you’ll need to have some understanding of what they cost, as well as whether you should get a new or used ATM, and what bells and whistles fit your business or event model. Before you make a purchase, consider the following pros and cons.

Go For New

As with anything new, you’ll have warranties with the placement programs. Unlike used machines, new ones are completely free of any wear and tear and are updated with the latest software and ATM standards. The ATM sales Colorado representative will also have placement programs with exceptional rates, 24-hour customer service, installation, and more. Although you’ll pay a little more, you’ll reap the ongoing monetary benefits in the future months.

Go For Used

Reuse, recycle, repurpose. These are buzz words that surround the consumer market. We are all aware that used doesn’t always mean worn and will still work. But it’s important to know there are some items that shouldn’t be bought used. While everything has an expiration date, it should be noted that items such as HBO electronics should be carefully examined before making the investment. There are a few things to consider before purchasing a used ATM.

  • It should not cost as much as a brand new model for its age and make and the features. It should fall between $1,200 and $1,800 instead of the typical $2,000 to $3,000 range. Used ATMs will certainly save you money up front.
  • The used ATM should be ADA and EMV compliant; however, if not, you need to make sure that it can be upgraded with an EMV upgrade.
  • The used ATM machine should be updated fairly regularly, as ATM standards change.
  • Of course, age is a huge factor as well. Going back to compliance and upgrades, most ATM machines last 10 to 15 years. Resist machines that are over 10 years old.
  • Condition and age go hand in hand. You could buy a 2-year-old ATM machine and have a slew of problems because of the lack of care and maintenance. So it’s important to check out the condition of the machine before you make your purchase.

What Exactly Do I Need?

Asking yourself, “What do I need my ATM to consist of?” is not a bad place to start. First, you’ll consider the location within your event or store. Make sure it’s visible but just out of the way enough for people to maneuver around. There are two tiers that the location falls under that will help you better determine the placement of your ATM.

  • Tier 1 – these are large sit-down restaurants with a lot of foot traffic, such as convenience stores, bars and nightclubs, cash only places, and even hotels.
  • Tier 2 – these location types can be non-corporate and locally owned and typically fall under the business types of a smaller motel, a bowling alley, a small amusement park, a movie theater, hair salons, liquor stores, and even car washes. You may even find them at certain buffets or restaurants with a smaller seating capacity, and tourist attraction spots.

When you figure out which of these tiers you fall under, you can contact the ATM service professionals at Mile High ATM. They provide placement programs, mobile portable and wireless ATM service, rentals and sales, and more. Give them a call today!

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