Justin Fischer
👤 SpeakerAppearances Over Time
Podcast Appearances
Is that a good business?
Can you make a lot of money running an ATM?
Yeah, there's great fees on it, right?
I mean, it depends on where your ATM is.
And the funny side point to that is you put an ATM in a cannabis dispensary because they're so cash-based.
Hopefully you don't rake people over the coals with fees, but they can be very lucrative.
About 15 times the profitability as a regular ATM.
Wow.
How many ATMs are there in the United States?
Ooh, that's a good question.
Hundreds of thousands.
I don't know the exact answer to that, but definitely the larger percentage is non-bank ATMs.
Why has anyone rolled up independent operators?
It's a good question.
A lot of these operators are longtime family owned businesses.
A lot of them are like one of the guys that spoke to runs a bunch of arcade machines and, you know, all that kind of work.
So it's just kind of an aging industry.
And it also brings to the point they've been doing this for decades.
Why is it a banking issue?
Right.