Please learn from experience, if you don't have deep pockets and a well established business plan then you will end up far in debt. Currently owning 5 it took thousands just to finalize my MSB license with the revenue of canada and without that they can and will take you for everything you own.
After that you need to make sure that you have really deep pockets to be able to handle the conversions of money because yes people do use the machines and they do run out fast if not attended properly.
Also you will need insurance and well established business plan to get the proper insurance policy for a MSB.
Anything happens to the location your machine is in and is result of your machine being there then the location owner will hold you accountable and you will be in financial crisis.
I suggest do your research before making the purchase of a machine, most people just buy a machine and then realize these things after loosing all there money.
This discussion is getting more and more informative! Thank you all for the inputs!
More factors come into the picture such as insurance, and overcoming local laws & regulations. Did you have any problems with getting your machines insured? I assume you are protecting against theft/loss of funds? I am interested to know what is the coverage.
Secondly, when it comes to overcoming local regulations, what is the lead time and the typical challenges they posed to you?