02-10-2023, 09:41 PM
Non-bank ATMs are hardly new and they've always charged fees and I imagine most people avoid them most of the time. However, on the rare occasion that I've needed cash but haven't been able to get to a bank ATM but there has been a non-bank ATM handy, I've happily paid the fee.
It wouldn't surprise me if they aren't making any money at $2.80 (they certainly aren't at free for 3 months) but are instead doing damage control before they gradually increase prices once this has all died down
I charge 2.9% credit card fees to my customers, because that is what my payment service provider charges me (I.e. I don't see a cent of that 2.9%). I make the extra fee very clear to my customers, tell them that its an option if they want it but that I don't recommend it, but a surprising number still chose to pay that way even when the fee is $50+ (e.g. on a $2K+ invoice).
It wouldn't surprise me if they aren't making any money at $2.80 (they certainly aren't at free for 3 months) but are instead doing damage control before they gradually increase prices once this has all died down
I charge 2.9% credit card fees to my customers, because that is what my payment service provider charges me (I.e. I don't see a cent of that 2.9%). I make the extra fee very clear to my customers, tell them that its an option if they want it but that I don't recommend it, but a surprising number still chose to pay that way even when the fee is $50+ (e.g. on a $2K+ invoice).