I sense a liar….
12 million? Over 3 years? That’s 300g a month on average. He says they should be bringing in $200 per unit. That’s 1500 machines.
Now he’s branched out into payment gateways, and In the article it’s only about 3 mil net.
That’s still 85G a month. That’s 425 of these machines.
I feel like he’s moved to selling the machines (as the article hints at) and he’s trying to sell everyone a machine, get-rich-quick style.
By 2020, he had scaled his way up to a salary of $133,000, with benefits bringing him up to an annual salary of over $272,000, according to California state archives viewed by Insider.
What the fuck?
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Clickbait headline.
From January 2021 to April 2023, Alex’s profit and loss statements viewed by Insider show a total sales of $12 million and a net profit of about $3.5 million for his company ATMTogether, a provider of ATM machines and services.
So a gross of $12m but a net of $3.5m. Still impressive in 3 years, but much more realistic.
Exorbitant ATM fees are scummy.
Who fills the cash in the ATM every month?
Each ATM needs cash in it to operate, so that money just sits inside the ATM.
Then someone has to physically place that money into the ATM, usually an armored service, for a fee every time it gets low.
