Lets Explore our Cannabis Cash Access ATM Dispensary Program
Let’s face it, with the marijuana still being illegal at a Federal level, payment systems are unreliable and spotty at best. Keep your dispensaries operating and customers flowing, a quality Cannabis ATM program is imperative.
Our Cannabis Cash Access ATM Program Advantage:
Two ATM Machines for greater cash access
Dual denomination program
Redundant communications for ATM
AI Health Monitoring, with auto recovery
Real time Cash monitoring program
Digital Signage ATM Topper
What makes up a solid dispensary ATM program?
First, you want to work with a quality experienced partner, who has years of experience in the ATM business and has been part of the cash access Cannabis dispensary ATM deployment since the beginning. Free ATM Placements has years of experience working with dispensaries since the early days. Our unique program includes a minimum of 2 ATM machines. As a cash only business, two ATMs are part of our ATM redundancy program. The ATMs we place in your dispensary will each be placed on different networks and different communication methods. As we are all painfully aware all processors have outages, with our redundancy program this reduces risk of having both machines down at the same time.
Not only will the ATM be put on different networks, but they will be placed on separate forms of communication, a common fail point. As an example, if we are communicating one ATM with Verizon wireless, the other ATM will communicate with AT&T or T-Mobile. We use a high level of failover for all of our dispensary programs.
Next, Free ATM Placement uses advanced AI systems to monitor your ATMs. If the ATM has a fault code, we will know it immediately. Our AI software monitors ATM health every 5 seconds. Not only will our software monitor the ATM, if it detects an issue, it will go through a series of self healing procedures, including self power cycling the ATM. Many times the ATM can fix itself before anyone knows there is a problem.
As part of our program, our technology has remote insight to the current status and health of the ATM. We have the ability to update ATM software, see a live journal of events on the cash machine, and any pending or machine health issues.
Why should we have a dual denomination program?
Having a dual denomination program brings an ATM machine that dispenses $20’s and $100 bills. We found an average ticket at most dispensaries is about $140. Having an ATM that dispenses both $20 bills and $100 bills is more convenient for the customers and allows your employees an easier time reconciling their cash drawers. It also reduces “cash bulk” to make cash transportation easier.
What are some of the rules of having an ATM in a Dispensary?
Some considerations are, in nearly every jurisdiction EBT is not permitted to be used at an ATM within the Cannabis shop. Many State Cannabis rules state that there must be a ‘No EBT’ signage at or near the ATM.
The next consideration is the dispensary’s bank. Often the bank like to see a contract between the dispensary and the ATM vendor, we’ve even seen banks that want the ATM vendor to pass certain criteria outlined.
ATM Dispensary ownership program, we have been asked by many dispensaries, if they can own and operate the ATM themselves?
For the most part the answer is no. We are unaware of any ATM sponsoring bank that allows the dispensary to own and operate their own ATM machine. We have relationships with all the ATM sponsoring banks and none of them allow a dispensary to operate their own ATM.
What is the Digital ATM Topper program for Dispensaries?
Recently, we’ve been offering our new digital signage package. A video based topper placed on top of the ATM, this accomplishes 2 goals. First, this draws attention to the ATM and allows your customers to know cash is available. Second, this gives the host location the ability to highlight new products, and communicate to your customers. If you allow us, we can sell ad space to your vendors. In store advertising can be a great way to introduce new products to your customers, and provide good will to your vendors.
Choosing a Leader in Dispensary ATM placement
When you layer these high tech services on top of our personal service and high level of human monitoring, www.freeatmplacement.com is your nationwide ATM cannabis cash access dispensary partner of choice. Contact Us for a free quote!
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