Moneybox is unveiling a new cash machine service for smaller stores ­ one where the proprietor will retain up to 70p of the £1 convenience fee charged to users. The new CashWeb ATM, which Moneybox plans to roll out to 2,000 UK locations, is a scheme for a broader range of businesses seeking a low cost cash machine solution. The machines are supplied and maintained by NCR, but the retailer will be responsible for their replenishment. Store owners can either lease the machine for approximately £180 a month including services, or buy one for £5,500 plus a £60 a month service fee. CashWeb is said to be suitable for smaller c-stores, newsagents and small petrol stations where a conventional cash machine might be too expensive to run. Moneybox md Paul Stanley (pictured) said smaller retailers should seriously consider installing an ATM and claimed those that had done so could point to turnover increases ranging from 8% to 15%. Moneybox currently has more than 1,000 cash machines installed and plans to increase that number to 4,000 by the end of next year. It has preferred supplier agreements with Costcutter, Palmer & Harvey McLane and Spar. {{NEWS }}