Bitbox ATM, founded and franchised in 2019, has quickly grown to over 100 owners, with close to 500 machines nationwide. With Bitbox ATM, entrepreneurs invest in a turnkey, home-based business in an exploding industry. By Cindy Charette
Bitbox ATM, founded and franchised in 2019, has quickly grown to over 100 owners, with close to 500 machines nationwide. With Bitbox ATM, entrepreneurs invest in a turnkey, home-based business in an exploding industry.
Bitbox ATM is a 99% passive business model, which is a big reason it is so popular. It has been named to Franchise Dictionary Magazine’s Top 100 Game Changers list two years in a row and has won FranServe’s FRAN-TASTIC 500 award three years in a row.
Becoming a Bitbox ATM owner is a seamless process. Once corporate has received the business owner’s signed agreement and funds, a welcome call with the support team is scheduled within 48 hours. This support team consists of an account manager and a locations manager.
The account manager monitors the machines, gives the owner updates and answers any questions that arise on an ongoing basis. Additionally, the account manager provides monthly reports on the performance of the machines. The owner also receives a unique username and password to log into the web portal 24/7 and monitor the performance of their machines right from their phone, laptop or PC.
The machines do not have to be placed where the new owner lives, since the entire process can be managed remotely. The locations manager helps owners place their machines by suggesting areas with high-usage rates. Once a location is chosen, the locations manager presents businesses who qualify and want to have the machines in their location for the owner to review.
After the owner approves and signs off on the locations, Bitbox ATM ships and installs the machines. Once installed and ready to go live, Bitbox ATM does extensive monthly marketing to drive customers to the locations.
Bitbox ATM machines are designed to be robust and secure. If they need maintenance, Bitbox ATM works with a national network of skilled technicians to quickly manage necessary repairs. The brand also works with the top armored-car cash pickup services, including Brink’s, so owners don’t need to worry about picking up cash.
According to National Sales Director Joel Carlsen: “In addition to these services, Bitbox ATM also performs all the necessary compliance per transaction, including following Anti-Money Laundering laws and Know Your Customer procedures. We are also registered through FinCEN.gov to ensure 100% compliance.”
Carlsen added: “We even use high-level software to scan all the information provided by the customer to make sure it has never been used or sold on the dark web.” Additionally, Bitbox ATM provides all the cryptocurrency for the machines, so owners don’t need their own cryptocurrency account linked to the machines.
Bitbox ATM’s training is completed online and offered as a full setup and support program, so owners don’t need to understand cryptocurrency or software to get started. Mentoring is available on an ongoing basis. For all these reasons and many more, Bitbox ATM continues to be a leader in the fast-growing cryptocurrency ATM space.
Cindy Charette