Eli5: How do ATM’s work at small businesses?

Question

Whenever I see local businesses have an ATM, whether it’s the liquor store or the nail salon, I ask myself how they have an ATM. I thought they would put their own money into it, but then how would they profit? Do they get the money from somewhere else (government)? How do they put more money in it, and how are they monitored to make sure the business isn’t stealing from the ATM?

In: 10

Answer 1

I had one in my business many years ago. It was owned by a third party. I had to load it with cash. Every month I would get a transfer for the cash I put in and my share of the fees.