Hi, was just always curious about this:
How do ATMs work in terms of when they’re paired with slot machines?
I sometimes see ATMs near slot machines and don’t understand how they profitably make money. I get they charge like a £3 fee or something for convenience but if a person withdraws like £50 and inevitably loses it all to a slot machine that means you only make £3 profit if it’s your own money in the ATM.
I also hear about third parties lending you money or something like that but I don’t know what the companies are and I don’t really understand how that works either in terms of how it’s profitable for both parties.
Many thanks to anyone who takes time out of their day to respond. I’m kind of just looking into the slot machine business because I hear it can be very profitable if you build up a lot of them.
In: Other
> I get they charge like a £3 fee or something for convenience
There you go. That’s how they make money.
> if a person withdraws like £50 and inevitably loses it all to a slot machine that means you only make £3 profit
When a person withdraws money, the ATM owner takes a fee. What the person does with their money afterwards is meaningless. The ATM owner made the same fee whether the person spends their money on a slot machine, or buys a pack of gum, or goes out for dinner, or puts the money in their wallet and never uses it. Who cares?
The reason that people would put an ATM next to a slot machine is to make it really easy for addicts to waste all of their money on a slot machine.
Latest Answers