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

The same with any ATM. They are owned and audited/ inspected by the bank. Every transaction is recorded so if the numbers don’t match up they would know something is wrong .