atm business

[james1995]

Hey all. I've always wondered if it would be possible to start a little atm biz in los(in wifes name of course)? I know of a real good places to install them. Being the legit biznessman that I am I am 100% totally certain I can get some people to use them no matter how high the fees. What is the legal framework required to get into this sortof business? Thanks

[Rc2702]

You can't be any type of muppet that's for sure.

[Swiss1960]

You need an acquiring licence from Visa, MasterCard etc which you only get if you are a financial institution - your idea is already busy.

But hey... Marry a good Thai bargirl and be her personal ATM ... same same but different...

Sent from my CPH1821 using Thailand Forum - Thaivisa mobile app

[Pib]

Expect you would also need to get a license from the Bank of Thailand.   Additionally I have never seen an ATM in Thailand that is not operated by a licensed Thai bank.   Nope, expect getting a license to operate an ATM is a little more complicated than operating a water, gumball, or mobile prepay card type machine.

 

https://www.bot.or.th/thai/pressandspeeches/press/news2554/n5854e.pdf

https://www.bot.or.th/English/AboutBOT/LawsAndRegulations/Pages/default.aspx

[blackcab]

There is a reason why you don't see any non bank owned ATMs in Thailand.

 

Trust me, if it was possible then someone would have done it a long time ago. 

[james1995]

Thanx for the advice.

 

I'm currently running another legit business which is far more profitable.  It's like taking candy from babies! Wish I could tell you about it but i don't like competition.?