Most banks do not allow marijuana sellers to open bank accounts because they do not want marijuana money. Due to this issue, many dispensary owners are forced to accept only cash from buyers. However, a great solution to this problem came in the shape of ATMs.
What do ATMs do?
An ATM is an Automated Teller Machine which allows people to make transactions without having to head to the bank. You can withdraw money from an ATM with your debit or credit card. These machines are highly convenient and offer customers a chance to make payments for their purchased items by completing transaction through on-site ATMs.
The Benefits of Having an ATM
There are many benefits to having an ATM on your business space including the following:
Ø 24/7 Service
If your marijuana dispensary is open 24 hours a day, you will greatly benefit from an ATM. ATMs operate automatically or by an off-site team of service providers. This means that you don’t have to worry about the service not being available on weekends of after midnight. Your customers can make use of ATMs and purchase marijuana from your store any time of the day.
Ø Complete Cash Safety
It is hard for many customers to keep cash in their wallets to purchase marijuana. Furthermore, for many, it is a risk which they don’t want to take. Therefore, having an ATM at your business space can help you keep them relaxed that they don’t have to carry a lot of cash with them. By completing a transaction with their debit card through an ATM placed within the store, they can continue to shop without any worries.
ATMs provide numerous benefits to business owners looking to get the most out of their customers. Having a money machine right on your business premises helps generate more revenue.