If you, as an entrepreneur, sell actual products, there is almost no way around it: the purchase of a (mobile) ATM. At least - purchase… Many companies are working on rental or lease constructions to keep the costs for entrepreneurs low. But is that really so? Isn't buying still cheaper? Well - it depends on your personal situation. We explain a few things below.
We probably do not need to explain to you as an entrepreneur that ATMs, mobile or fixed, provide the necessary payment convenience. Many entrepreneurs cannot live without - so if you have just started your business, you are probably looking for a variant that is right for you. One question in particular arises here: is a purchase, rental or lease construction the best?
Buy an ATM
Obviously, buying an ATM is the only way to ensure that the device is actually yours. You choose your suppliers independently - and that can be cheaper by responding to this in terms of variable costs.
However, the biggest drawback of buying an ATM is the price. If you want a good copy, you can easily pay $ 800 for it. Buying is therefore only responsible for entrepreneurs with a buffer. And don't forget the additional service costs. These are between $ 100 and $ 200 on an annual basis.
Looking for cheaper options? Then you end up with a mobile card machine . A smaller and simplified version of the normal card reader, available between $ 29 and $ 129.
When to buy?
Buying is the cheapest option for the long term if you do not experience financial problems during such an investment.
When not to buy?
We advise against buying from start-ups with a limited budget or if you as a company do not want to spend a considerable amount of money in one go.
Lease an ATM
Leasing is more or less the same as renting, but for a little longer. The biggest advantage of this is that you don't have to cough up a hefty amount in one go. You get an excellent copy for a relatively low amount per year and depending on the provider you work with, you also get decent service words. A replacement when the original edition drops it, for example.
A lack of worry? Not that. However you turn it, leasing is always more expensive at the end of the journey. And then you have never owned the device yourself, because it remains the property of the supplier.
When to lease?
Leasing is useful when you think you will need the ATM for longer and when you cannot or do not want to pay a large amount.
When not to lease?
Leasing is not recommended if you are able to purchase an ATM yourself or if you are not sure how long you will need the device.
Rent an ATM
The third option is to rent an ATM. "Isn't that the same as leasing?" It seems, but renting is common for the short term. When your original ATM is broken and you need a replacement quickly, for example. Or when you normally don't need an ATM, but happen to take your company to something like a trade show. A kind of emergency solution, so.
When to rent?
Renting is done when you need an ATM quickly and for a shorter period, for example during events or when your actual device is calling it quits.
When not to rent?
In almost all other situations besides the above, renting is a costly affair. So don't