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

It is possible to personally own an atm. You would put your own money into it and be reimbursed from the accounts of people that make withdrawals. The profit is the fees.