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About BluePlate

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    New England ATM
  • Birthday 10/26/1970

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  1. We've never really got a straight answer from anyone. My tech has done tests on keypads and there seems to be a trickle of discharge while sitting. Which makes sense, because the keypad has to hold the master keys while unplugged. The ATM as a whole, uses little power, most of the power is when the dispenser kicks in. We built a storage area for pin pads that are not in ATMs, it's basically a power supply that supplies power to the pin pad. But . yes, I would keep the ATM plugged in.
  2. PJ, Feel free to drop me a line, we are registered in Massachusetts (as required by Div of Banks). We have machines in stock and can do processing. 1000/transaction a day is more than I ever seen, though. If thats a real number, it will be challenging to keep it loaded. I'm sure you meant 1000/month. 1000/day you would need $1 million to keep the machines loaded. Also, I know a few other people reached out to me from this board, If I didn't get back to you, please email again. Been crazy crazy busy lately. AND very sorry! todd@newenglandatm.net
  3. Hyosung owns the firmware, they are the only ones that can inject it into the keypad. Only send the keypads to them. I send them to Burton Tech, they in turn send them into Hyosung. Burton assists in moving the process along, Hyosung moves too slow otherwise.
  4. Pro - Do you use dual key holders?
  5. Hello

    I am starting an atm business. I joined this forum to help educate myself and avoid mistakes.  I am from the Dallas/Fort Worth area and it seems like there are still lots of opportunities. It is growing so fast. Can I pick your brain?

  6. Free free to drop me an email, we can talk. Unless you ask like an investor, "passive" is very tough. It seems passive sort of passive, but if your customer is open, you need to service them. Last week I drove 7 hours to Brooklyn and back. As soon as I pulled in the driveway, a cash only bar in New Hampshire called with a bill jam. Spent another 3 hours driving. todd@newenglandatm.net
  7. Hey Crypto, welcome to the forum. This is a great place. I'm not as active as I once was. But still a great place. Thought I could spark some debate with your post. Please don't take my reply as a slam or me being disrespectful, internet forums exists for debate and opinions. First (have to get this out of the way). If you want to advertise - I'm sure the moderator would love to take a donation, in exchange. I have about 500 ATMs in the field, I feel like, without a doubt, I could place some very good Bitcoin locations for you. Why should I accept a "SMALL PLACEMENT FEE and a SMALL RESIDUAL FEE?" I have an ATM in a 24hr gas station, the owner is dying for a bitcoin ATM. Traditional ATM does huge numbers. If I refer you, how do I know I don't put my reputation on the line with this merchant? With a guaranteed base rent to the merchant, I assume you are marking up the BTC considerably. I've see some Bitcoin ATM mark up over $700-$800 per BTC. I see some reputational risk there. Why not share your company name? Have you taken the time to go through the State banking departments for licenses and registrations? I look forward to the answers. Bitcoin interests me, but haven't found the right partner yet.
  8. Feel free to drop me an email to discuss todd@newenglandatm.net
  9. Most banks have cash management services, which will include armored services. Armored cars will only deliver to commercial address. If you have a friend that has a store front, best bet. There is many downsides to it. Feel free to drop me an email at todd@newenglandatm.net , I can give you some advice working with your bank. I spent 10 years in the banking business before starting the ATM business. Super busy lately, will do my best to get back to you ASAP. Banks are really trying to get away from cash. It creates security issues, creates liabilities and cost them money. Not to mention a whole host of other issues.
  10. Couple options. The surrounds adds a lot of weight and security......there are about 5 companies that make them www.TPItexas.com and http://atmarmour.com/ are two I use GPS tracking devices. DPL wireless, a wireless box company has an add on device that notifies you when the door is open, the ATM is tilted and will have a GPS device add on released soon. The problem is ....all this comes at a cost. surrounds are $800-$1200, half the cost of an ATM.... You can insure the machine and cash for about $18/month - with a $500 deductible
  11. To place an ATM you need to work with a registered ISO (Independent Service Organization). Working with the right ISO from the beginning, I feel is pretty important. The ISO brings together a few things. They have the relationship with the processor, relationship with the sponsoring bank, the branded networks, and they often provide technical support along with equipment sales. ISO - The ISO brings together all the following elements, they also hold liability for compliance and managing IAD's IAD - Independent ATM Deployer, they is someone who places ATMs, they are required to work with an ISO Processor - the processor or the "switch" grabs the transaction from the ATM and directs it to the correct network. Sponsoring Bank - Because the ATM is a financial instrument, it requires a registered bank to bring the transactions into the banking world. This is required by the Federal Reserve banking rules. Sponsoring bank often oversees compliance with Federal Regs. Branded Networks - For older folks, years ago, you will remember if you had an ATM card, you had to go to the Network that your bank belonged to. In my case in Massachusetts, it was Yankee 24. Most networks are interoperable right now, meaning they have agreements to hand off transactions to one another. The network's job to work with the authorizing bank to acquire the transaction from the processor and direct it to the cardholder's bank for approval or denial. In summary, they first two things you want to do is, Find the right ISO to work with and find a bank willing to open an account for you. Each bank is different and may require different things. Many banks will not want to work an ATM operator, for various reasons.
  12. The next few year will be very interesting for Bitcoin. The fact that our Government can control it and pass laws regulating Bitcoin, makes it less of a currency than the US Dollar. Most lawmakers are over 40 and like me do not understand it (or the power it), so the laws that are passed will most likely not be right the first time around. Liken it to Marijuana in, not until the children of the 1960's became lawmakers, did it ever have a chance to become legal.
  13. As many of you know, I'm in the ATM business. In the last few weeks, I've been asked over a dozen times about Bitcoin. Honestly, I just don't understand bitcoin or any cryptocurrency. My biggest hang up is where it comes from. The answer I always get is "it's computers that mine for it like gold, the computers solve complicated math problems." , the amount of stupid questions I have after that are too vast to even begin asking. Anyways, I did a little research and I'm far from an expert. The Bitcoin ATMs you can buy or sell bitcoin. If you are buying, you insert the cash the cash into the ATM, and the ATM provides a QR code that you scan with your cell phone and it adds the bitcoin to your "vault". If you are selling, you create a QR code with you vault, scan it at the ATM and the ATM dispenses cash. The ATM charges a fee to do these functions. You are able to buy and sell online, but the advantages of physical ATM are 1) If you are buying, you can use cash to buy and you stay anonymous, which for bitcoin geeks seem to be important. 2) If you are selling, you are pretty much just doing one transaction and able to immediately turn the Bitcoin into cash. If you sell online, you are selling the transaction and then withdrawing cash (pretty much 2 transactions). As far as an opportunity I can see it two ways..... 1. ) An early adopter - You will most likely be able to have a choice of locations. Locations will be easy to get. You will be in front of the curve. Unfortunately, the future of Bitcoin it very grey. Government regulation is almost certain. Risk seems very high, but if it hits bit and you are in early - the rewards could be huge. 2.) A wait an see approach - You could miss the best spots, the learning curve be greater if you wait. A Bitcoin ATM costs between $6000-$10,000. The return on investment on a traditional ATM, still seems better. I'm personally going to keep a very close eye on it, stick with traditional ATMs, continue to learn and understand. If I see this moving towards critical mass, I may try to jump in. A friend advised me to add "first right of bitcoin ATM refusal" to any new ATM contracts (although I'm not a big contract guy) Hope this helps and creates conversation.......
  14. As far as Hyosung Pin Pads go, only Hyosung is suppose to inject them. ATM Equipment will do it (they somehow figured it out). Most other repair companies will take them in and send them to Hyosung. Try the basic flash first Turn off ATM On the back of the pin pad, turn the 1st DIP switch on Turn on the ATM, Turn off ATM, turn dip switch off and turn ATM back on. Todd
  15. I have refurbished 1500SE. These are 1500's with the upgraded EMV kits, color screen, can use internet (IP) $1250 each, pickup in Springfield MA These have been gone through completely by a certified tech, 6 month warranty. These are selling super fast....
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