get cashless atm
The Payment Solution that grows with you

Get Cashless ATM's for Your Business.

A payment solution that grows with you

Cashless ATM's work when other payment options don't

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Year Of Success Work.

What is a cashless ATM?

Cashless ATM terminals feel to the customer like a credit card machine–cards can be swiped or inserted into a chip reader. However, the fee for the transaction is paid by the customer (just as with an ATM machine fee). This means the merchant has zero costs associated with the transaction.

When is a Cashless ATM Terminal the Best Solution for a Business?

A cashless ATM terminal is the best of all worlds–no ATM cash extraction limits, no federally-barred credit card transactions, and no retro-fitted credit card machines that are ill-suited for debit card transactions. Our clients have found that having the flexibility to offer pin-based transactions also reduces the need for cash on hand while providing an enhanced customer experience. The cashless ATM terminal provides industry-leading EFT (electronic funds transfer) equipment and customer service.

How Cashless ATMs Work

Cashless ATM terminals feel to the customer like a credit card machine–cards can be swiped or inserted into a chip reader. However, the fee for the transaction is paid by the customer (just as with an ATM machine fee). This means the merchant has zero costs associated with the transaction! Our system also offers a “tip” option so that employees can benefit from each customer transaction.

Happy Customers & Happy Business owners

Our clients who use this system have not had to get a new bank account in order to use it, and they are happy that funds are deposited directly to their current bank account the very next day. The set-up process is easy and quick and integrates with any already established POS system. These machines also offer UV germ protection: a UV light automatically turns on after each transaction to kill germs on the device. Let’s talk about whether this is the right solution for your business, whether you are a cannabis vendor with a unique set of parameters, or any other vendor who would like to improve debit card use at your business.

Why Choose Us

What Are the Benefits of a Cashless ATM?

There are many benefits to the use of cashless ATMs, for both vendors and customers. Here’s a list of them:

The need to use a PIN for the payment increases its security and reduces the chance of fraud, theft, or chargebacks.
Easy to set up, doesn’t take up a lot of space, and eliminates the need for a traditional ATM.
For places where cash is normally used, cashless ATMs make the purchase process much easier for the customer.
Significantly cheaper upfront than a regular ATM
Excellent for businesses that normally struggle to get a traditional merchant account.
Doesn’t have as many requirements for merchants as a traditional merchant account.
Reduces the amount of cash that merchants and customers need to handle.
Provides real-time reporting for the merchant.
Allows the merchant to accept PIN-based debit cards.
Funds are deposited into the merchant’s account within 48-72 hours.
A merchant can choose to charge a convenience fee to the customer, though this could hurt their relationship.
They can be programmed with different increment amounts, from smaller amounts like $5-$10, to larger increments such as $100 or even $1000.

How Do Cashless ATMs Work?

The term cashless ATM tends to confuse people because of its association with the standard ATM. However, cashless ATMs are more like the standard point-of-sale devices used by merchants to process credit and debit card transactions.

Like with a POS device, you’ll use a small card reader to swipe your card and insert your PIN. However, here’s where a cashless ATM is more like its traditional bank counterpart. You’ll choose an amount of money to “withdraw”, usually in increments of $10 or $20, and the machine will print a voucher confirming the transaction. You don’t actually withdraw money, instead, the amount you choose gets directly deposited into the merchant’s account.

The customer gives the voucher to the merchant, and they get the goods they are paying for.

Like a regular ATM, you can get money in specific quantities and increments. So, if you are buying something that costs less than the amount of money you withdrew, the merchant will provide you with the change. For example, if you withdrew $50.00 to pay for a $45.50 item, the merchant will give you back $4.50 in return.

The key differences between a cashless ATM and a POS system are that you will always have to use your PIN, and that you can only pay in specific increments. In truth, from a customer’s perspective, they are not that different.

Downsides of Cashless ATMs

Cashless ATMs are not without their downsides, both for customers and merchants. Some of these are:

Some vendors might charge a monthly fee to merchants for the use of the cashless ATM
Transactions can only be done in fixed increments, and change must be readily available.
Since the cashless ATM is an out-of-network bank ATM, customers will most likely be charged a cash advance or out-of-network fee.
Merchants may choose to charge a convenience fee to the customer for the use of the ATM.
Depending on how much a vendor charges for use of the machine, the fees might not justify the cost.
While they are far more secure, counterfeit receipts can still be fabricated.

What Is the Application Process and Requirements to Set Up a Cashless ATM?

While setting up a cashless ATM is simpler than a standard merchant account, it does have a set of requirements and steps to follow.

You’ll need to sign and complete an application form, as well as an ACH authorization form. The details of your bank account will need to be verified, either by your account provider or through a voided check. Finally, you’ll have to present a signed W-9 and prove you acknowledge the principles shown in the application form.

Once you submit your application, the vendor will review it and if accepted they’ll ship the cashless ATM unit to you. All you’ll have to do is connect it to a power source and to the internet.

All in all, the application process typically takes between 24 to 72 business hours.

Happy Customers

We couldn't get traditonal credit card processing for our gardening business The Cashless ATM's were the best solution we could ask for.
Mike Bryan
CEO / Founder
Our accounts kept getting shut down, and we spent months trying to find a way for our customers to pay with anything other than cash. We are so happy we found a legit cashless ATM solution that worked.
Sean Murphy
CEO / Founder

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Satisfied Customers

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