Bitcoin Forum

Robocoin’s ambassadors can earn up to $10K for each sale
http://kculshare.com/2014/01/robocoins-ambassadors-can-earn-up-to-10k-for-each-sale/

Sounds intriguing.  I looked at the site but it did not say much about the legal issues of using them.  I would not want to get involved until I had more details about the legality of using them in my State was. 

These ATM's are way overpriced.

When they come down to $5k I might buy a few.

Until then  ::)

A $10K commission to make a sale? Shows they are charging *way* more for the machines than they cost to make.

Yup that's crazy.. I read it here:
https://coinreport.net/robocoin-ambassador-program/

I think 10k isn't much compared to the amount of money that Robocoin stands to make... and not to mention that the ambassador will have to be the one to do all the hard work... this should be 25k!!

Ah, what they actually get is this:

"For every Robocoin ATM sold, ambassador’s earn 25% of the fees charged by Robocoin to ATM users. Ambassadors will continue earning a percentage of the fees until they reach the $10,000 mark in bitcoin."

So a definite win for Robocoin - the "Ambassador" does all the hard work and Robocoin just pay out 25% of fees up to first $10K.  Still, $10K ain't bad per machine. Wonder which countries are ripe for Robocoin machines .....

What I'd like to know is how they have the nerve to charge fees after selling you the unit for $20,000

As a ATM owner operator I would have thought I'd be able to load my own coins into some account that the ATM has access to and simply sell them to the public.

But it looks like it's not the case. This is much worse that I thought.

Because they are first to market ..... their prices will come down with competition, no worries on that score.

Well I think that's how businesses usually work  ;D.

I wonder how long it'll take to earn their investment back through commissions?

Depends on location, location, and location. But very quickly I would guess.

I wouldn't be so sure. Bitcoin is still quite small on the scheme of things. It'll have to be used a hell of a lot.

There are other benefits to having a cash machine like the publicity and crowd it will draw to your store, so you might make more money and cover your costs by selling drinks or whatever.

Unless you're selling to someone planning to put one in Antarctica, it shouldn't take more than a couple months. https://angel.co/robocoin

I guess as empoweoqwj said it depends on location.  Vancouver is a pretty big city and there was a lot of press about it.

If anyone is curious about operating an ATM/Kiosk in the US and wants to know more, I'm freely sharing what I've learned over the last 6 months. email is best for me.
aaron at atlantabitcoin.com

I"d love to have a go but Thailand isn't the best place to try. Bitcoin has "uncertain legal status" in Thailand, but more importantly, we don't even have a government to speak of at the moment  ???