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Posted on: 26 July 2018

Choosing to rent an ATM can be a better option than buying it. However, many people usually have a lot of challenges when choosing ATM rental, especially if they have never done it before. If you are one of those people, the following 5 tips will help choose the best ATM rental.

COMPLIANCE

This is the most important thing to consider when choosing an ATM from a company like Maritech ATM Solutions. Always, ensure that you select an ATM that complies with the set standards. A good ATM machine should have an ADA compliance, which means it must have a jack for headphones. In addition, the highest point of touch should not exceed 48" from the ground. Also, the ATM should either be EMV-upgradable or EMV-compliant. When choosing an ATM rental, always look for one that is EMV-compliant.

COST

Another important thing to consider when choosing an ATM rental should be the cost. Mostly, many people choose ATM rentals that have the lowest rental fees. There are even those who prefer ATMs that are 'practically' free. In fact, there are some ATM rentals that do not charge anything to the renter. However, the rentals collect the money charged to the user as their payment. If you wish to get the surcharge, you might be required to pay the monthly rental fees.  

CONDITION AND AGE

A used ATM typically looks worn, and most parts of the ATM need to be replaced before you start using the ATM. It's always a good idea to check for the date of manufacture before making the decision to rent or not rent the ATM. Generally, an ATM machine has a lifetime of 7 years, but others last longer than that. Therefore, it is advisable to choose an ATM which has not been in use for many years.

LOCATION

Where you will place your ATM can affect the choice you make when selecting the ATM. If you want an ATM just to be used in a temporary location, fair, or a special event, then you can choose either a portable or a compact ATM rental.

WHAT SHOULD YOU PAY?

This is a common question, but it doesn't have a definite answer. If you are renting a used ATM machine, it probably requires an EMV upgrading, so it shouldn't cost you much to rent. However, the cost of renting such ATM depends on the model/make. It's advisable to know how much an EMV kit costs before even renting the machine, and also to do some tests to confirm whether everything works. New ATMs, on the other hand, have a higher rental cost, but they also come with a warranty. Therefore, it is advisable to rent a new ATM rather than a used one.