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This is seriously how privately operated ATMs work https://www.wipfli.com/insights/articles/fi-fs-privately-owned-atms-and-money-laundering https://www.wipfli.c
by Maxious 3y ago
This is seriously how privately operated ATMs work https://www.wipfli.com/insights/articles/fi-fs-privately-owned-atms-and-money-laundering https://www.wipfli.com/insights/articles/fi-fs-privately-own...
- lxgr 3y agoInteresting, I didn't know about that model! As far as I can tell, this is more common in the US – I'd be quite surprised if Euronet depended on business owners to restock their machines rather than having their own couriers doing that. But in either case, I don't see how a merchant could hide anything using an ATM: Dispensing $100 of cash via a self-operated ATM has exactly the same effect on their bank account as depositing $100 of cash directly at their bank, no?