Complete Merchant Services
Now on sale for $34.95 mo O.A.C. call us today- 1-877-588-7507 ext 701
SCRIP ATM MACHINES FOR YOUR BUSINESS
A Scrip ATM Machine is much different than a regular ATM machine
Here are the high points:
Q. What is an
ATM
Scrip Machine?
A: A scrip machine works like a traditional ATM
except the Scrip Machine holds no cash. The Scrip machine prints out
a receipt for a preset dollar amount (that the merchant controls)
and the cashier redeems it for products, services, and/or cash back
for the customer. This allows you to offer your customers the
convenience of ATM service without the security risks or the
refilling of cash like traditional ATMs. It's truly a hassle free
way to offer card payment options and cash back to your customers!
Q. How is Scrip Dispensing different?
A: A scrip dispensing
ATM gives the customer a two
part receipt for redemption at checkout to pay for products, and/or
services. The customer keeps the customer portion of the scrip
receipt for his/her records, and the merchant keeps the merchant
portion for their records.
Q. Can I really increase my sales by offering a Scrip ATM?
A: Yes. More people carry ATM, debit, and bank
cards than own a credit card. Because of this, the industry is
projecting the number of ATM machines in the
Q. As an ATM Scrip Machine owner, what are my
responsibilities regarding installation?
A: We ship our scrip machines pre-programmed and
ready to use. All you have to do is plug in the power cord to a
standard wall plug, and connect the machine to your phone jack and
you're ready to offer ATM services to your customers.
Q: Do I need a dedicated phone line?
A: No, you can use your existing line. Just
make sure your phone line is not in use when a customer is using
your ATM scrip machine. Normally, business phones aren't tied up for
long periods of time so this set up works just fine in most cases.
Q: Do I have to pay for paper supplies?
A: No. We supply paper for as long as you're
processing through us. (*if paying for optional ongoing machine
warranty. See Merchant Processing Agreement for details)
Q: Is there a monthly fee?
A: Yes. there is a monthly maintenance fee that
runs $10.00 per month and provide a hard copy printout that is
mailed to the machine owner each month for the previous month's
transactions, as well as toll-free tech support, paper supplies,
machine replacement warranty (including shipping, both ways!) for as
long as you're processing through us in the event the machine ever
breaks down due to normal usage. Physical damage to the machine is
not covered under this warranty, but would be covered by the
merchant's business insurance provided the machine has been added to
their policy.
Q: Do I have to provide insurance for this unit?
A: We do not require you to have insurance
coverage on your machine since you are buying it and own it
outright. However if you carry an insurance policy on your business
assets, we recommend that you call your agent and add you machine to
your list of insured assets.
Q: Is there any signage provided?
A: We provide decals for your business' doors,
a hang down atm sign (to hang from the ceiling above the machine in
your location), and a window sign that says "Atm Inside".
The machine comes with a countertop kiosk that has signage on it.
Q: How fast do merchants get their funds?
A: The funds that merchants pay out when
honoring scrip receipts from the machine will be deposited into
their bank account in about 3 business days (not counting weekends,
when the banking industry is idle) through the Federal Reserve where
all funds are FDIC Insured. The profits made from the surcharge will
be deposited into the merchant's account once a month, for each
previous month's transactions.
Q: This is an Atm machine, so why doesn't the merchant get
their funds the next day?
A: Actually, Cashless Atm machines are POS
terminals, not Atm machines (even though they work like an Atm for
the public). Because the banking industry considers these terminals
to be POS machines, they treat transactions as though they are POS
transactions, which have always taken several days to reach
merchant's bank accounts, just like it does when a merchant has a
credit card merchant account.
Q: How much do I earn on each transaction?
A: That depends on the amount you decide to set
your surcharge at. The amount above the merchant buy rate is what
the merchant's profit is on each transaction.
Q: What is the machine's power requirement?
A: Standard 110 volt outlet within 10 feet of the
unit.
Q: When transactions are dialing out, does this
result in long distance charges?
A: No. Our machines dial-up a toll free number so
you don't have to pay any long distance charges
Q: Will the unit be permanently secured?
A: No, with no theft element, it is not
necessary to secure the unit to the wall or floor.
Q: What happens if the machine runs out of paper?
A: The machine issues a warning when the paper
supply is low. When this happens, you will still have plenty of time
to replace the paper roll. If the paper runs completely out, the
machine will take itself out of service and refuse to process any
transactions until the paper is replaced.
Q: How much is the surcharge that the customer pays when
using the machine?
A: The average surcharge amount is $1.75 or
$2.00. Gentlemen's clubs, and other specialty locations, sometimes
charge $3.00, or more. The merchant decides what the surcharge
amount will be on their machine.
Q: Once I sign up, how long before I can expect my
equipment?
A: You can expect your scrip machine to be
delivered in about 7 to 10 business days after we receive payment
for the machine, along with the necessary paperwork.
Q: Do you have a unit that will work for our drive thru
windows?
A: Yes. Pin Pads are available with long cords
so your drive through personal can hand the unit out to the customer
so they can enter their PIN number with convenience without getting
out of their car. Ask for a quote.
Q. What About Chargebacks?
A: Charge backs are not an issue with cashless
atm machines, since they only performs PIN based transactions.
Contact us for the docs to get this set up click here
Now on sale for $34.95 mo O.A.C. call us today- 1-877-588-7507 ext 701
