Will ATM eat my card?
Why ATMs Might Retain Your Card:
Expired Card: Using an expired card might cause the ATM to retain it.
Damaged Card: A damaged card, especially if severely damaged, may be retained.
Protective Case: Thicker cards with protective cases might be more prone to jamming or being retained.
ATM Technical Issues: The ATM itself could malfunction and retain the card, even if it’s valid and undamaged.
Older ATMs and Thicker Cards: Older ATMs might have more difficulty accepting thicker cards, like those with EMV chips.
What to Do if Your Card Gets Stuck:
Check for Instructions: Look for instructions on the ATM for retrieving a stuck card.
Contact Your Bank: If no instructions are available, call your bank for assistance. They can help you retrieve the card or arrange for a replacement.
Look for a Phone Number: Check the ATM for a customer service or tech support number.
Preventing Card Jams:
Insert Carefully: Insert your card slowly and straight to avoid jams.
Don’t Force It: If you feel resistance, stop. Don’t force the card into the reader.
Handle Your Card Carefully: Avoid bending, scratching, or exposing your card to extreme temperatures to prevent damage.
Important Note: Most modern ATMs are designed to handle a variety of card thicknesses and are generally quite robust.
Benefits of Having an ATM in Your Business:
- Attract Customers: An ATM draws new customers who need cash, increasing foot traffic to your store.
- Reduce Credit Card Transactions: Less reliance on credit cards and associated fees.
- Revenue from Transactions: Earn a fee from each ATM transaction, building up additional revenue over time.
- Increased Spending: Customers typically spend 80% of the cash withdrawn inside your store.
- Free Services: Enjoy free shipping, installation, service, maintenance, and a share of transaction fees.