In today’s cash-driven micro-economies, having an ATM on-site is a smart way to boost revenue and improve customer convenience. But purchasing a brand-new machine can be costly. That’s where a second hand ATM machines becomes a game-changing, cost-effective alternative for small businesses, retail stores, event venues, and entrepreneurs looking to generate passive income.
This guide will walk you through everything you need to know about buying a used ATM machine—why it’s a great investment, where to find them, how much they cost, and what to watch out for.
Why Buy a Second Hand ATM?
Purchasing a second hand or used ATM machine offers several advantages:
Lower Initial Investment
New ATMs can cost between $2,000 and $8,000. Used ATMs can be found for as low as $800 to $2,500, depending on age and features.
Faster ROI
With lower upfront costs and similar transaction fees, your return on investment (ROI) comes much quicker than with a new machine.
Ideal for New ATM Entrepreneurs
If you’re new to the ATM business, starting with a used machine helps you test the waters without a huge capital outlay.
Who Should Consider a secondhand ATM Machines?
- Convenience store owners
- Gas stations and truck stops
- Laundromats
- Event organizers
- Bar or nightclub owners
- Entrepreneurs entering the ATM business
These businesses often see increased foot traffic and impulse purchases when customers can withdraw cash on the spot.
Where to Buy a Second Hand ATM Machines
ATM Distributor Websites
Many vendors sell certified pre-owned ATMs. These come refurbished, tested, and often include a limited warranty.
Popular sites include:
- ATMDepot.com
- NationalATMSystems.com
- Prineta.com
Online Marketplaces
You can find second-hand ATMs on:
- eBay
- Craigslist
- Facebook Marketplace
(Exercise caution and ensure the machines aren’t blacklisted or outdated.)
Local Businesses Closing or Upgrading
Businesses upgrading their equipment often sell older ATM models at a steep discount.
How Much Does a Second Hand ATM Cost?
Prices vary depending on:
- Age of the machine
- Model and brand (Hyosung, Genmega, Triton, etc.)
- Software compatibility
- Refurbishment status
- Compliance with current standards (EMV, PCI)
| ATM Type | Average Used Price |
| Basic model (non-touch) | $800 – $1,200 |
| EMV-compliant model | $1,200 – $2,000 |
| High-end with touchscreen | $2,000 – $2,800 |
Key Features to Look for in a Used ATM
Before buying a second hand ATM, check for:
EMV Compliance
The machine must accept EMV (chip card) transactions to avoid fraud liability.
PCI Compliance
Ensure the ATM uses secure software per Payment Card Industry standards.
Working Dispenser & Card Reader
Mechanics like the cash dispenser and card reader should be tested and refurbished if needed.
Receipt Printer
Verify that the printer is functional, or budget for a replacement if necessary.
Modem/Internet Capabilities
Some older ATMs rely on dial-up modems. Choose machines with Ethernet or wireless modem compatibility.
Servicing & Maintenance of Used ATMs
Buying a second hand ATM is only the first step. Ongoing service ensures performance, uptime, and security.
Maintenance Checklist:
- Clean cash dispenser regularly
- Replace worn rollers and belts
- Perform software updates
- Schedule EMV compliance checks
- Refill receipt paper and clear jams
Work with an ATM processor that provides 24/7 tech support and remote diagnostics.
Can You Make Money from a Used ATM?
Yes—many entrepreneurs and small business owners generate passive income through surcharge fees.
Example Revenue:
- Surcharge per transaction: $2.50
- Average monthly transactions: 300
- Monthly gross income: $750
- Minus processing and cash-loading costs (~$100–150/month)
- Net profit: $600+ per month
That means you can often recoup your investment within 3–6 months.
Do You Need a Processor for a Second Hand ATM?
Yes. You need an ATM processor to:
- Connect your machine to banking networks
- Enable transaction approval and settlement
- Provide remote monitoring and reporting
- Ensure regulatory compliance
Popular ATM processors include:
- NationalLink
- Columbus Data
- Switch Commerce
Legal and Regulatory Requirements
Before operating your ATM:
- Register with a processor
- Set up a business bank account for deposits
- Apply for a sponsoring bank (via the processor)
- Ensure your ATM is ADA compliant
- Display proper signage (e.g., surcharge fees)
Your processor will help you navigate compliance.
Pros & Cons of Buying a Second Hand ATM
Pros:
- Low startup cost
- Fast ROI
- Ideal for testing ATM business
- Available with refurbishment and warranties
Cons:
- Older machines may lack modern features
- Limited support if bought privately
- May need repair or parts replacement
- Some older models are no longer EMV compliant
Final Buying Tips for Second Hand ATMs
- Buy from trusted vendors or ATM professionals
- Always check EMV & PCI compliance
- Ask about previous service records
- Negotiate refurbishment and warranty terms
- Pair with a reliable processor for best support
Conclusion
Absolutely. For anyone looking to start an ATM business or enhance their brick-and-mortar customer experience, buying a second hand ATM is a low-risk, high-reward move. With minimal investment and smart placement, you can generate consistent passive income while offering a valuable service.
Just ensure you’re buying from a reliable source, confirm compliance, and work with a reputable processor for smooth transactions.
FAQs
1. Are second hand ATMs safe to use?
Yes—if bought from a reputable dealer, tested for functionality, and upgraded for EMV compliance, used ATMs are secure and reliable.
2. Can I install a second hand ATM in my store?
Absolutely. You can place a used ATM in your store, office, or venue to boost foot traffic and earn surcharge revenue.
3. Do used ATMs need to be reprogrammed?
Yes. Most second hand ATMs will need to be reprogrammed and configured with your processor before they can go live.
4. Can I load cash into my own ATM?
Yes. Many owners choose to self-load cash into their ATMs to maximize profits, though armored cash loading is also available.
5. What brands are best for used ATMs?
Top reliable brands include:
- Hyosung
- Genmega
- Triton
- Nautilus
These are easy to service and widely supported by processors.
Also read: Getting Sued: What It Means, What to Do, and How to Protect Yourself
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