A few months ago, I realized that I desperately needed a loan to make ends meet. I thought long and hard about different ways to make a little extra cash, but borrowing was my only real option. I decided to work with a lender in my area to borrow money, and then afterwards, I devised a plan to pay it all back before I paid very much interest. It was difficult to learn to budget, but the results were well worth the effort. I was able to pay back the debt and set aside a little for a rainy day. Check out this blog to learn more about creating a budget to repay debt.
Planning a big gala auction or fabulous art sale to help raise money for your nonprofit organization? Don't forget to have an ATM (automated teller machine) on hand so your supporters can quickly and easily get money.
Why Have an ATM at Your Fundraiser?
While many people are used to checking out of auction or sales events with a credit card or even writing a check, having an ATM on hand may encourage attendees to spend more than they would otherwise.
Even with a credit or debit card, many auction-type events encourage additional spending with raffle tickets, surprise boxes or grab bags and other spur-of-the-moment opportunities to donate. There also may be an open bar or other refreshments that aren't included in their entry tickets. Your attendees will find paying for these things much easier if they have a bit of cash in their pockets.
And there are benefits to you as well. By encouraging your guests to use cash for payment, you can avoid additional fees generated when you accept credit cards.
How to Rent an ATM
Having an ATM available at your special fundraising event is usually a simple process. Most ATM services companies will deliver and pick up the machine in your requested timeframe. To find a reputable company, talk to your bank or other fundraising professionals for recommendations.
You are not responsible for any costs of having an ATM at your event. The company that supplies the ATM makes money from charging small fees to bank customers for the convenience of having cash available on site.
Common Questions About ATM Rental
Talk to your ATM services company for their recommendations and more information about having an ATM at your nonprofit organization's fundraising event.