Retail businesses operate on the thinnest of margins where maximizing revenue by square-foot can is critical. Don't let the absence of a reliable ATM derail your location from a profitable year. Studies have shown that 30% of the cash withdrawn from an ATM is spent at that location. The lack of an ATM could also be a strong motivator for potential customers to seek other options.
With ISA-Ecash, you have a partner that can provide a monthly stream of income - while attracting customers to spend more - with very little effort on your part. Turn to us for:
Choosing the right ATM
Maximizing your surcharge revenue
Reliable connectivity to the major banking networks
All ongoing maintenance
How Does It Work?
Choose an ATM
ISA-Ecash is happy to help meet your ATM needs, starting with recommending the right machine for your location. Whether you need a light or heavy duty unit, new or used, we have most systems either in stock or available within 2-3 weeks.
Set a Surcharge
Establishing the optimal surcharge for your location provides a revenue stream to defray the purchase cost and ongoing operation of your ATM. A typical site might have a surcharge of $2.50 and average 200 withdrawals each month, generating a monthly income of $500.
Connect to the Network
ISA-Ecash arranges to connect your ATM to all of the major banking networks so that any customer with a debit or credit card can connect to his institution to withdraw funds.
ISA-Ecash is a registered ISO for Citizens Bank, N.A., Providence, RI.
Monitor and Maintain
Each month ISA-Ecash generates a report detailing the previous month's daily transaction activity as well as the accounting for the revenue and expense for that month. Even better, this report comes with a check for the balance of surcharge fees collected, minus any service fees per the Processing Agreement.
ISA-Ecash is with you every step of the way.
Selecting an ATM: ISA-Ecash has a selection of new and used ATMs. Depending on your budget and expected volume of transactions, we can help you select the best ATM for your application.
Cash Services: If you can provide your own cash and load the ATM, this can be the most economical arrangement that returns the majority of the surcharge to you.
Banking Regulations: There are a variety of state and federal banking regulations that must be obeyed in order to operate an ATM. These regulations include labels of specific content and sizes that must appear on the body of the ATM along with annual registration of the ATM location. ATMs are regulated by state and federal banking regulations. Additional paperwork includes a Processing Agreement, a Patriot Act form and picture ID (from which a background check will be done), Addendums covering sponsorship and cash services, and, if necessary, your bank account information for settling cash to your account.
Maintenance: ISA-Ecash has a network of maintenance companies that are contracted to provide ATM repair services as needed. These can be employed on a “per call” basis or as part of a monthly maintenance program – all of this can be discussed when setting up our initial Processing Agreement and can be changed later as needed.
How Much Can You Receive?
Profit from your ATM is determined by the surcharge amount, withdrawal transactions, and the level of service support you prefer. Some merchants elect to provide their own services and maximize the return on their investment, while others will outsource as much as possible.
ISA-Ecash is able to support you as much as you require:
Full Turnkey Service
If you are too busy to maintain your ATM, opt for Full Turnkey Service (FTS) and ISA-Ecash will provide all operational management, cash services, and maintenance needed to keep your ATM online. With FTS you still receive a portion of the surcharge revenue while minimizing your operational worries or cash liabilities.
If you are a great multi-tasker that likes to stay on the move, then go for the Merchant Service option – where you provide your own cash and load the ATM – and receive most or all of the surcharge revenue.
Merchant ala Carte
If you want to dip your foot in the water but not ready to dive all the way in, simply elect the services you wish to manage and ISA-Ecash will take care of the rest while still generating recurring revenue for you.