A scrip machine works like a traditional ATM
except the Scrip Machine holds no cash. The Scrip machine prints out a receipt
for a preset dollar amount (that the merchant controls) and the cashier
redeems it for products, services, and/or cash back for the customer. This
allows you to offer your customers the convenience of ATM service without the
security risks or the refilling of cash like traditional ATMs. It's truly a
hassle free way to offer card payment options and cash back to your customers!
Yes. More people carry ATM, debit, and bank
cards than own a credit card. Because of this, the industry is projecting the
number of ATM machines in the United
States to double by 2005.
The best part is people will spend more if they have the option of using their
debit cards. Also, scrip machines pay you each time it is used.
Yes. there is a
monthly maintenance fee that runs $9.95 per month and provide a hard copy
printout that is mailed to the machine owner each month for the previous
month's transactions, as well as toll-free tech support, paper supplies,
machine replacement warranty (including shipping, both ways!) for as long as
you're processing through us in the event the machine ever breaks down due to
normal usage. Physical damage to the machine is not covered under this
warranty, but would be covered by the merchant's business insurance provided
the machine has been added to their policy.
The funds that merchants pay out when
honoring scrip receipts from the machine will be deposited into their bank
account in about 3 business days (not counting weekends, when the banking
industry is idle) through the Federal Reserve where all funds are FDIC
Insured. The profits made from the surcharge will be deposited into the
merchant's account once a month, for each previous month's transactions.
That depends on the amount you decide to set
your surcharge at. The amount above the merchant buy rate is what the
merchant's profit is on each transaction.
The average surcharge amount is $1.50 or $3.50.
Other specialty locations, sometimes charge $3.00, or more. The merchant
decides what the surcharge amount will be on their machine. Been to a Casino
Lately.
ATM 
