3 ms·
This makes me wonder if there is a way to (legally) give ATM rebates as an ATM operator. Ex: User withdraws $50. Machine charges $5 fee, and gives a $2 in cash
by xur17 4y ago
This makes me wonder if there is a way to (legally) give ATM rebates as an ATM operator.
Ex: User withdraws $50. Machine charges $5 fee, and gives a $2 in cashback as part of the withdrawal (cash or gift card?)
- conductr 4y agoYou can do that. It nets to an inflow of $3 for the operator. and the interchange depending on how they’re registered and what their transaction volume is. You could just give them $55 in cash if you want. This is just a net to any profit you’d have left from the surcharge revenue. It was irreversible by practically all measures, so no real risk. The only issue I ever saw cause a reversal is a mechanical vend error. I think the main thing is you have to properly notify the cardholder what shape their outflow will take and that the cash value is the same. At the end of the day, it’s just a vending machine.