What is an ATM Merchant Account?
An ATM merchant account isn't a standard bank account but a specialized service allowing businesses to process electronic payments (cards, digital wallets) by acting as a temporary holding account for customer funds before transferring them to your regular business checking account, facilitated by a merchant service provider and an acquiring bank, essential for modern non-cash transactions and often involving fees.
Why Cash-Only Businesses Choose NBMS
Smart ATM Payment Solution for Cash-Only Businesses
Our ATM payment solution is perfect for cash-only businesses as it drastically reduces the amount of cash on hand.
Unlimited ATM machines, Faster Checkouts
Order as many ATM machines as you need to reduce customer wait times.
Zero Merchant Fees.
Our ATM payment solution is paid for by the customer. An easy choice when many of our competitors are charging the merchant a percentage of each sale based on transaction volume at an average of 4.95% up to 6% plus flat dollar amount per transaction.
Ready to Eliminate Credit Card Processing Fees?
Get an instant customized terminal proposal or schedule a direct consultation with our underwriting team today.
24 Hour Account Approval
High Approval Rate
Dedicated Billing Descriptors
Transparent Underwriting
Complete In-House ATM Solutions
From ATM processing to equipment, we offer a comprehensive set of solutions designed to streamline day-to-day business operations and increase your revenues.
From authorization to settlement, we efficiently handle the lifecycle of each transaction to ensure each is both valid and secure while providing comprehensive reporting with instant visibility of your ATM transactions.
High-Risk Business Categories
The first thing to understand about high-risk businesses is that your processor will determine whether you fall into one of their high-risk categories when you apply for a merchant account. Either you’re high-risk, or you’re not – there is no middle ground. Beyond that, it gets complicated as every processor has their own unique guidelines for determining whether you’re in the high-risk category. While some business types, will almost always be placed in the high-risk group, others may or may not be. Some merchant services providers have very strict guidelines for determining high-risk status, while others use more relaxed criteria. If you’re considering a particular provider, check their website or contact them directly to see if they find your business to be high-risk. This can save you a lot of time and effort in wasted applications to providers who aren’t going to approve you. How a merchant services provider treats a high-risk business can also vary widely. Many providers, particularly those that try to offer merchant services at the lowest possible prices, simply do not accept any high-risk businesses at all. This helps to reduce their exposure to fraud and keeps costs low for their existing clients. You will find most providers will allow certain high-risk companies, but will charge you significantly higher rates and fees for your merchant account due to the elevated risk they’re accepting by giving you a merchant account. There’s also a third category of providers who specialize in placing high-risk businesses. While their rates and fees aren’t a good deal for non-high-risk merchants, they can often provide a merchant account for high-risk businesses that have been turned down by other providers.
We’re always just a phone call away and are more than happy to answer any of your questions, but here are a few questions that we get asked all the time.