TEAM & EXPERTISE
CJ McMahon
Co-Founder & CEO
Mike Anderson
Chief Operating Officer
Justin Gilmore
Co-founder
Spencer Cutler
Vice President of Sales
Dustin Warner
Vice President of Strategic Partnerships
Alex Graves
Business Development Manager
Tom Pacheco
Systems & Automation Specialist
Katherine Burnard
Head of Fulfillment
Emily Milner
Head of Operations
Brooke McMahon
Location Acquisition Specialist
Denesse Longoria
Location Acquisition Specialist
Amaru Guadamuz
Director of Call Center
Mike Poglese
Head of Location Acquisition
Brooke Drew
Location Acquisition Specialist
Ian Chambers
Portfolio Manager
Sharda Johnson
Administrative Coordinator
Hamlet Mota
Cash Management Coordinator
Ashley Gilchrist
Controller
FAQ
How does an ATM Business work?
When you own an Automated Teller Machine (ATM), you earn revenue every time someone uses it to withdraw cash. Each transaction incurs a service charge, which you collect. The withdrawn amount, along with the service charge, is credited to your business bank account daily.
Consider it like this: you're essentially a private financial facilitator for the masses. You offer your own money for customers to access, and they pay a fee for this privilege. The principal amount they take is returned to your account, plus the fee. Instead of your funds lying dormant in a savings account, they're continuously earning for you. This is the beauty of PASSIVE cash flow.
What Makes ATMInvestors Different?
Aren’t we moving to a Cashless society?
Federal Reserve’s 2023 Diary of Consumer Payment Choice reported that cash accounted for 19% of transactions in 2020 amid the height of the epidemic - then bounced right back up to 20% in 2021.
“The environmental factors were almost completely there for cash to go away, and it didn't,” said O’Brien, lead analyst in the Federal Reserve's FedCash Service. “Our conclusion was that people who are using cash just really want to use it, or they really need to use it.”
O’Brien noted cash use is a necessity for many “unbanked” – a generally lower-income group that does not have checking, savings, or other bank accounts. He added cash is seen as safe during a crisis, when people are worried financial institutions or payment infrastructures will go offline or won’t be available to facilitate transactions.
During the pandemic, average cash holdings per consumer soared from $241 in 2019 to $418 in 2022.
Cash use remaining constant in the past 3 years shows that cash may have already experienced it’s “floor”.
How much can I make with ATMs?
How do I start?
Book a call with our team so we can walk you through the process, and you’ll have your first ATM placed within 30 days.