A Boom human ATM (hATM) is someone who helps Boom users cash in and cash out of their Boom wallets for a fee. hATM are visible on a map for users to find them.
Boom uses a secure escrow mechanism to protect both hATMs and users during transactions.
The benefits of becoming a Boom hATM are:
Earning commission on every transaction you complete.
Set your own hours and work from your preferred location.
Increase foot traffic to your business (if applicable).
Boom users can pay in cash or via various methods like wire transfers, credit/debit cards, or cryptocurrency.
How do I become a Boom hATM?
First, you must be 18+ and have a valid government-issued ID.
Then:
ā¢ Open the Boom app.
ā¢ Click the radio icon on the top left corner (wallet section).
ā¢ Enable location services.
ā¢ On the map, click the radio icon on the top right corner.
ā¢ Enable the "I agree to be a Boom hATM" button.
ā¢ Alternatively, enable it through your merchant profile.
What is a typical hATM commission rate?
Boom recommends charging a commission of 0-5% per transaction and emphasizes ethical conduct.
What documents do I need to become a Boom hATM?
ā¢ Individuals: Valid government-issued ID card.
ā¢ Businesses: Valid business registration ID.
What happens if a user cancels a transaction after I accept it?
The escrow protects you. The user won't receive their cash/BMC until they complete the transaction.
How do I get notified about potential transactions?
hATMs within a 50km radius of a user requesting a transaction will receive a push notification.
