According to the November 2001 issue of Retailers Business Magazine (RBM), the following industry statistics point out some of the benefits of having an ATM in your convenience stores:
- In stores with machines that distribute $20 bills, sales increased 8 percent.
- In stores with machines that dispense $10 bills, sales increased more than 15 percent.
- ATM customers spend an average of 20 to 25 percent more than non-users.
- For small retailers, 35 to 40 percent of dispensed cash stays in the store.
- 60 percent of people ages 25 to 34, use ATMs eight times per month with an average withdrawal of $55.
- Friday is the most popular day to use an ATM.
For these reasons and others, convenience stores/fuel stations remain among the most preferred locations for ATMs.
For more information on how you can reap the benefits of ATMs in your convenience stores, contact a sales team member with Global Merchant Services.
Your One Source ATM Solution.
