(Topic ID: 251798)

Accepting Credit Cards on Location

By knockerlover

4 years ago


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  • 46 posts
  • 18 Pinsiders participating
  • Latest reply 4 years ago by LTG
  • No one calls this topic a favorite

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    #23 4 years ago
    Quoted from V8haha:

    ATMs? Or is this different because it’s debt?

    Yeah, that's pretty curious. ATMs are legal, but change machines with a debit/credit card setup isn't?

    https://www.gumball.com/collections/credit-card-change-machine

    #26 4 years ago

    How hard is it to set up an ATM? Is there a monthly fee, straight %, WiFi/Ethernet capable or phone line only?

    Seems like if it is secure physically at the location an ATM is an option. The only dedicated pinball place has an ATM, but they don’t own it. They house it and get a split of some sort.

    #30 4 years ago
    Quoted from hocuslocus:

    It's pretty easy, cost is around 3500-4k. no monthly fee, just need to connect it via ethernet.
    They sent someone out to set it up and bolt it down as part of the total cost
    you are taxed on all transactions and surcharge is up to you.
    if you get anymore fees then this you need to find another ATM company. I use payment alliance international.
    don't buy a used ATM, because it probably won't have the up to date protocols.
    Biggest pain is keeping it filled and you have to have a descent amount of float, rarely have issues with them. Think I had a sensor get dirty, a keypad that needed a new master code (idk?), and update to EMV reader
    Payment Information
    Allpoint Surcharge Income 77 x $0.25
    Interchange Fee 379 x -$0.20
    Net Interchange Income $XXXX
    Surcharge Income $XXX x $3.00
    Total Income: $XXX

    Am I reading it correctly that you are charged/taxed .45 per transaction and get $3 as a fee with each transaction?

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