How Much Does a Cash Recycler Cost? | Hyosung America

Making the decision to invest in one or more cash recyclers for your financial institution, retail store, or another business involves many points of consideration, with cost being foremost among them. There is no set-in-stone answer to the question, “How much does a cash recycler cost?” Rather, it all depends on the brand and specific model you choose. There are cash recycling ATMs available across various price points, so you’re sure to find one to suit your organization’s budget.

How Much Does a Cash Recycler Cost?

When these machines were emerging technology, they were far more expensive than today. Five years ago, spending $45,000 to $55,000 on a cash recycler was not unusual. The average price range for a cash recycler today is between $15,000 and $40,000. The price differs on the specific machine, as various features and configurations may push the price up or down. Please note however, that purchasing a less expensive machine does not necessarily mean it is substandard. Hyosung cash recyclers are designed and built more innovatively than ever, yet the company has managed to keep their prices and value competitive.

Plan for Both Upfront and Ongoing Cash Recycler Costs

When budgeting for a new ATM machine it is essential to remember that your organization will have both upfront and ongoing costs. A reputable ATM machine company will provide a transparent breakdown of all costs before you commit to a purchase, including an explanation of the one-time set-up and installation fees. The software package is another consideration. You can expect both an initial investment for the software and ongoing maintenance costs that may total approximately $1,000 to $2,500 annually. Occasionally, the hardware will require maintenance, and some components will need to be replaced from time to time. Plan to set aside about $5,000 to $7,500 per year for maintenance and repairs.

Is a Cash Recycler Worth the Cost?

Cash recyclers are an investment in the success of your business. Depending on your upfront and ongoing costs, you may expect to see a return on investment within approximately 18 to 24 months. There are several ways that cash recyclers can fuel your business’ profitability. For example, if it is a retail store or similar type of company, you’re likely to see an increase in foot traffic as customers visit your location to use the ATM machine. Those same customers may make impulse purchases in your store.

If you operate a bank or other financial institution, you will find that a cash recycler improves the efficiency of your tellers by streamlining operations and eliminates various non-value tasks such as cash counting. This frees up the tellers’ time to focus on your customers, which leads to enhanced customer satisfaction, better customer retention rates, and the potential for more upsells on products like home equity lines of credit.

Explore the Difference a Hyosung Cash Recycler Can Make

Hyosung America has been leading the industry in cutting-edge ATM machine technology for decades. Our transformative recycling solutions are an effective and reliable solution for reducing the cost of cash replenishment while eliminating losses and liability from counterfeit bills.

The powerful suite of Hyosung cash recyclers includes models designed specifically for the needs of our financial institution and retail partners, as well as models for other businesses. Contact our knowledgeable team today to discuss your needs so that we can recommend the right product for your company.