Instead of allowing users to insert their debit card and receive cash, a Reverse ATM™ accepts the user’s cash and will dispense a secure prepaid debit card with the same cash value they inserted.
Also known as cash-to-card kiosks, Reverse ATM™ technology is leading the cashless revolution by helping businesses mandated by law to accept cash payments to remain legally compliant, while also ensuring their premises are more secure and less susceptible to theft or liabilities that come with cash handling.
Reverse ATM™ machines are convenient for cash-only customers, allowing them to pay however they want, when they want, without waiting in long, stressful lines. Popular in theme parks, airports, hospitality venues, and healthcare organizations, customers can avoid the lines, affording them a positive customer experience.
Plus, these ReadySTATION® machine kiosksmachines enable businesses to streamline front and back-of-house operations by relieving their employees of time-consuming cash-handling duties. Of course, Reverse ATM™ solutions boast countless other benefits for customers and businesses, including improved security, low (or no) fees, and very few downsides, to name a few.
Understanding the Role of Reverse ATM™ Machines
Reverse ATM™ machines are in high demand for businesses transitioning to a cashless premise. That’s because they’re intuitive user-friendly, improve the customer experience, and accommodate cash-only customers without access to a traditional bank-issued debit or credit card.
Reverse ATM™ machines also improve on-site security for staff and customers by eliminating cash-motivated theft and operational vulnerabilities involving armored vehicle cash pick-ups or end-of-day cash reconciliation liabilities. Businesses can trade in the time-consuming hassles of cash handling for more secure and efficient operations.