How much money does a "standard" ATM hold?

[Pepsi90919]

Originally posted by: DeadByDawn

Originally posted by: shoRunner
CC FTW, you can increase your purchasing power by 1-2% by using one, so why in the world would you not?

Sure, and you also help drive up the cost of goods as well. Cash FTW.

the fvck are you on about?

 

[SarcasticDwarf]

Originally posted by: Pepsi90919

Originally posted by: DeadByDawn

Originally posted by: shoRunner
CC FTW, you can increase your purchasing power by 1-2% by using one, so why in the world would you not?

Sure, and you also help drive up the cost of goods as well. Cash FTW.

the fvck are you on about?

increased charges to merchants which then come back to the consumer.

 

[intogamer]

Originally posted by: logic1485
South Korean ATMs have what seems to be finger scanners. :Q

If that's not shocking, Japanese ATMs have palm scanners:shocked:

damn... how comes we aren't that advance yet?

 

[Syringer]

I wonder if European ATMs carry any more than the US ones. Unlike US ones they don't only carry 20s but everything from 5s up to 100s..which I've only seen in Vegas in the US.

 

[tk149]

It depends on the location, and on the cash delivery times. I know one bank that I worked at would load one particular ATM with $50,000 for a weekend. This ATM was located at a sports stadium. Normal loads were a lot less.

 

[herbiehancock]

Originally posted by: SarcasticDwarf

Originally posted by: Pepsi90919

Originally posted by: DeadByDawn

Originally posted by: shoRunner
CC FTW, you can increase your purchasing power by 1-2% by using one, so why in the world would you not?

Sure, and you also help drive up the cost of goods as well. Cash FTW.

the fvck are you on about?

increased charges to merchants which then come back to the consumer.

Some people are under the delusion that credit card usage, if the balance is paid off each month, is essentially free. What they fail to realize is the merchant has a fee charged to him each time he accepts a credit card for payment...the fee varies depending upon the store's sales volume and how the store negotiated with the credit card clearing house that particular store uses. Small stores do pay a higher percentage per transaction than bigger merchants like Wal-Mart. I wouldn't be surprised to know that Wal-Mart's merchant fee is around 1.25-1.5% whereas a very small mercant can be in the high 2% percentage area, like 2.3% or 2.5%.

Obviously, if the merchant loses 2% of each sale, it won't take long for the merchant to figure out he's got to roll that cost back into his retail price he charges for his goods. As an example.....a very small business has gross receipts of $25K per month. If all his sales are CC based, then he loses at least $60K per year to merchant fees at a 2% rate, which is probably a very generous rate for such a small business. No small business could afford to burn $60K per year as an operating expense without trying to recover that cost in his retail prices for his goods.