While businesses may or may not take credit or debit cards, almost all accept cash. With cash the reigning legal tender nationwide, it’s no surprise many business owners have an ATM on-site to provide easy access. For beauty industry establishments, including nail salons, having an ATM can provide the following benefits. 

Why Nail Salons Should Get an ATM

1. Allows for Cash-Only Tips 

Nail salon technicians often rely on tips to complement their hourly wage. However, tips received via credit or debit card may be subject to a merchant fee or FICA taxes.

For instance, if the salon collects $100 in tips for the day, they may be charged $20 in tips. This charge is subtracted from the amount the employees receive, decreasing the total they can take home. When a customer tips, they expect that money to go directly to the employee who provided it. Giving them an option for cash-only tips is better for all. 

2. Increases Convenience 

The primary reason most establishments have an ATM is for convenience. Between the prevalence of digital payments and direct deposit, many people rarely visit a bank anymore and instead retrieve cash via cash-back at retailers or an ATM. Having a machine on-site makes it easy for customers to withdraw money to tip their technicians or pay for the entire service. 

3. Improves Employee Satisfaction 

If a customer forgot to bring cash to tip, they might not tip at all, leaving the employee with less than their desired wage for the nail service. With an ATM, customers can easily tip, resulting in higher earnings for technicians and increased employee satisfaction. This can contribute to higher employee retention, and experienced and talented technicians are more likely to stay. 

If you’re interested in getting an ATM for your nail salon or other small business, turn to Heath ATM. Located in Randleman, NC, this team has served businesses for 20 years, providing a full range of ATM services, from repair to installation and branding. Call (800) 849-3029 to speak with a friendly staff member about how this ATM dealer can assist you. Visit the website to learn more about their products and services.