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?
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So we have a independently owned ATM at the club I’m working at. It’s linked to a private bank account. They charge exorbitant fees to withdraw from it. Basically, the money they withdraw gets pulled directly from their bank account and put directly back into the account linked to the ATM and they keep the fee. Essentially, they get the money, we get the money back as a transfer from their account, and we keep the fee as profit. Just got to go to the back and replenish the cash.
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