That's a fairly a common practice for cash only businesses, normally a different company is supplying the ATM and its cash. For example I've seen cash only ice cream shops with the same setup.
That's not what he's describing. In this case there actually is no cash or traditional ATM involved on-site. It's connected to the dispensary POS, not a physical ATM. (They often have a regular ATM like you describe also, though.)
So you do an ATM transaction, but the money goes to the dispensary somehow. I do not know how it works on the back end, but I've used it as a customer. It's lovely and can even be done over your phone.
Isn't that how a traditional ATM transaction works? You use the ATM and the money goes to the ATM owner (plus a fee). The only difference here is you get weed instead of cash.
Yes, but any ATM tells the bank that you took out $10. The bank never sees the cash and the cash doesn’t belong to the bank. Substituting goods may or may not be allowed but the bank doesn’t know about it and customers are unlikely to complain to the bank.
