There are nearly 30,000 bitcoin ATMs in America and more are cropping up every day. You’ll find your local BTC ATM in places like restaurants, rest stops, and even gas stations.
Are you considering getting a BTC ATM for your business? Giving customers a way to convert dollars into bitcoin and back again can do wonders for your business. However, it also comes with some upfront costs.
Do you have the money to invest in a BTC ATM? We’re here to help you answer that question.
Read on to find out more about how much it costs to add a BTC ATM to your business.
Why Invest in a BTC ATM?
As we mentioned earlier, more and more locations are doing what they can to install a BTC ATM on the premises. However, the demand is still far higher than the supply. That means that if you can open up it now–and the cheapest of it in your region–then you can get ahead of the curve.
As the owner of it, you can often establish surcharges on your BTC ATM. That means that every time someone uses the machine, you earn a small percentage of their transaction.
More importantly, it puts your business on the map. It increases your foot traffic and helps you convert ATM users into regular customers.
How Much Will It Cost to Invest in a BTC ATM?
The upfront cost to invest in it for your business can vary widely. Remember, these costs include everything from the ATM, itself, to delivery, taxes, and installation. All said and done, it can cost up to $15,000.
Keep in mind that many BTC ATM manufacturers offer financing options. You may be able to establish a payment plan for it. Given that most of them are generating around $30,000 in transactions per month, the accompanying increase in sales will help you to pay off your investment in installments without losing money.
What Can Lower the Cost of Investing in it?
One of the easiest ways to keep the BTC ATM investment cost low is to bundle it into an existing business. That way, you’re not renting out a separate space to house it.
Another way to lower the cost is to shop around. Learn more about an affordable two-way of it that is sure to increase the traffic to your business.
Boost Your Business With Bitcoin
Are you considering investing in it for your business? If so, it can help to prepare for any potential costs before making the plunge. We hope that our guide to costs has given you a sense of what you can expect to pay.
Wondering what else is trending today that can help to enhance your business? Take a look around to find out what’s happening in fashion, travel, music, and more.