Step 1: Research & Planning
- Identify High-Traffic Locations: Busy retail spaces, event centers, and tourist hotspots are prime spots.
- Understand Regulations: Familiarize yourself with compliance requirements, including anti-money laundering (AML) rules and federal/state guidelines.
Step 2: Acquire an ATM Machine
- Choose a Reputable Provider: At SwypCo, we offer only new, top-quality ATM machines from leading brands Hyosung Innovue and Genmega. Each machine is EMV and ADA compliant, ensuring they meet industry and accessibility standards.
- Compare Features: Determine which model suits your location’s needs (size, screen type, extra security features, etc.).
Step 3: ATM Transaction Processing & Surcharges
- Find a Reliable Processor: You’ll need a robust transaction processing system to handle withdrawals quickly and securely.
- Set Your Surcharge Fee: Typical fees range from $2–$3, though prime locations can command higher rates.
Step 4: Consider an ATM Placement Program
- Placement vs. Ownership: With SwypCo’s ATM Placement Program, you can partner with us to place an ATM in a high-traffic location—sometimes at zero or minimal out-of-pocket cost. We’ll handle the details, from machine installation to ongoing support.
- Revenue Sharing: If you place an ATM in someone else’s business, you may opt for a revenue-sharing agreement that benefits both you and the host.
Step 5: ATM Cash Loading Services
- DIY vs. Professional Loading: You can load the machine yourself or use SwypCo’s ATM Cash Loading Services to outsource the task.
Step 6: Wireless Connectivity & Failover
- Wireless ATM Routers: Eliminate the need for complicated wiring by using SwypCo’s wireless ATM routers, branded SwypConnect. They offer secure, high-speed connectivity whether your ATM is in a standalone kiosk or remote location.
- Wireless Failover: Ensure your ATM stays online during network outages. With SwypCo’s wireless failover, your machine automatically switches to a backup network if your primary connection fails—keeping transactions smooth and uninterrupted.
Step 7: Ongoing Management & Cloud-Based Monitoring
- Custom Solutions: Every business model is unique. SwypCo provides custom solutions—from specialized reporting to tailored security features—to optimize your ATM operations.
- Cloud Management: Track transactions, revenue, and machine health in real-time via SwypCo’s cloud-based platform. Quickly identify issues and manage multiple ATMs from a single dashboard.