Want to poll members.....What's a fair ATM surcharge?

Obviously no surcharge is the best option, but like I stated a few weeks ago, I purchased my first ATM machine and placed it in a very high traffic location. It has done exactly 96 transactions so far and monday will be my 2 weeks. I have been charging $2.75 and that doesn't seem to bother people to this point. I've been researching around online and many other cities have an average charge $3.50-$5.00.

So the question I pose is, considering the numbers I've given should I shoot up to $3.25 or $3.50 or just stick around $2.75. This location is a convenience store near hobby airport and from the transaction log has been about 90% out of towners. So repeat business does not seem likely, so a ripoff price won't likely hurt me. Is $3.50 steep? Looking for opinions

 

Actually don't physically collect money, it's deposited into my bank account on the 10th of each month. I've read around that many major banks are trying $4-$5. I'm at $2.75 right now and am at nearly 100 transactions in 12 days so that's why I was stuck on whether to go up or stay at this price point.

 

Basically find an existing privately owned ATM and it will have a sticker on it for the processing company, contact them, they will sell you the machine at cost usually. My machine was $2,100 brand new, a refurbished one could have been had for $1,500. Anyways, from there all you do is sign a contract with processing company, set your surcharge, and hand over a voided check so they can set the money to go into your bank account.

Money withdrawn from machine is deposited into your bank account every other day, friday-sunday all comes in on tuesday. I personally don't keep much in the machine out of fear of theft, so I reload it every other day or whenever my online portal tells me it has $500 or less, but I live close by.

So far with 96 transactions at $2.75 in under 2 weeks, I'm looking at possibly $600+ net first month, possibly more if I go up in price like some are suggesting here. I am strongly considering $3.50 but may just do $3.25

 

the convenience store belongs to my uncle so I don't pay him rent. He had an ATM previously and they paid him 20% of monthly net, not including surcharge(backend charge processing co makes). The processing is free but they make a cut of the $1.50-$2 on the backend split between the banks. If you want to send me your email through the board, I will get in touch with you. If you're not interested in getting an ATM at that theater if the costs are too high about $4-5K needs to be in the machine if you don't check it daily, then I'd love to discuss it with you bc like I stated earlier law school is about to start and I'm trying to put an ATM in all my uncle's stores and this was my test unit.

 

They don't need "servicing", basically my uncle checks all his stores daily and has told me he can stock all my machines if I expand all his stores with the $20 bills that are in the safe before he takes them to the bank each day and I can simply cut him a check to match the deposits