A CSD Staff Report
Re-printed with permission from Convenience Store Decisions magazine.
In a credit/debit card-crazed society, cash remains king in convenience stores.
Make no mistake: While plastic is important, cash is, was, and always will be a key component in the profitability of convenience stores.
That means ATMs, which allow shoppers instant access to cash, will remain an integral component in any convenience retailer’s business plan. “ATMs are an important element in any convenience store’s business,” said David Tente, executive director for ATMIA, the ATM Industry Association. “Studies show that cash spending goes up considerably when there’s an ATM, and that often goes straight to the bottom line for c-store owners.” Bruce Wayne Renard, executive director at the National ATM Council Inc., agreed.