I've heard some exorbitant fees are being charged by the people that own these Bitcoin ATMs (which are probably a huge turn off to people, but then again if people are willing to pay for it then so be it) But I wanted to know if anyone on here actually owned one and could provide some insight into the amount of money that can be made by owning one of them, two of them, etc.
Let me know!
It costs a lot more to run than people realize. In the Netherlands where it is quite competitive, net profit looks like 1.5-2% on gross transaction volume. So lower margins than Walmart. You can add in discriminatory banking practices, unreasonably demanding AML policies to get on exchanges and autistic libertarian clientele that only care about themselves. The clients will abuse any weakness in your policies so you have to constantly monitor the server.
You will work harder and deal with more constant stress than owning a restaurant. I own a chain of them.