Our BackOffice software was designed to serve for simple and effective remote management of a network of ATMs. All machines within the network can be operated in a centralized manner and accessed from a single list from the operator account.
One glance is enough to check the ATM’s status (ON/OFF), its balance, last sync date and date of activation. More detailed information will be displayed if you click on a specific ATM.
As a part of the remote management package, the software allows you to set a wide range of alerts that could help you notice important situations.
Good examples include:
low Bitcoin balance on your ATM,
low funds for payouts in the recycler,
daily limit exceeded,
you can set any alerts you like.
Regulation of ATM operations is becoming commonplace in many jurisdictions, and many others intend to follow in this direction. In some countries, legal requirements could include specific limits for each transaction, relative to the level of identity verification for that particular customer.
This is where our tool for control of KYC limits and flow can be very useful, as it allows your operation to be in full compliance with the law.
It is possible to correlate trading limits with the type of customer identification, with the following options available: SMS authentication, ID scanning or fingerprint reading. Regular customers can be administered though a separate section (‘Clients’), where each one can be assigned a customized transaction limit.
SumoATM machines can optionally be set up to perform POS functions inside the store where they are located. The advanced POS (Point-of-Sales) feature allows in-store employees to charge customers for various goods and services through the ATM.
POS Network section of the BackOffice software is organized in a very similar manner to the ATM Network subdivision. From this section, you can access all details about your POS operations after clicking on the “List” item in the menu.
All POS transactions performed on the ATM are available for display, with the value of each transaction expressed in both fiat and crypto-currency amounts.
Bitcoins accumulated in the POS balance can be automatically transferred to the general ATM balance if that is your preference.
Quite expectedly, ATM owners like to be in control of all key parameters relevant for successful operation of the machines and profitability is the most important objective for them. With BitXatm machines, it is very simple to set up the profit rates independently for every crypto-currency and transaction type, ensuring efficient and elastic business model resistant to market fluctuations.
Setting up separate fees for Buy and Sell transactions increases flexibility and allows freedom to optimize profitability of the operation depending on circumstances. If you want to add another layer of protection against currency volatility, this can be done by defining a minimum BUY rate and a maximum SELL rate from the BackOffice software. Even if the exchange rates move past the set values, the ATM will stay at the level chosen by the owner
To eliminate the risks associated with currency fluctuations and volatility, you need to define your own exchange settings. After that, all trading from the ATM will be directed to your chosen exchange, and transferred through a secure network. All trades will be executed according to the precise set of instructions defined for that particular exchange.
Once performed, the exchange implementation will optimize your financial flow in two ways: Bitcoins received by the ATM can be transferred into fiat currency immediately after confirmation of the transaction . Fiat money received by the ATM can be transferred into crypto currency immediately after confirmation of the transaction