If you run a business, or you are venturing into a business that will heavily rely on cash transactions, the cash counter will be your best friend. To help you make an informed decision, you need to consider some factors before investing in the best money counters for your business.
You might have heard some banking news about the businesses being fooled by counterfeit money which caused them millions of dollars loss. Cash counters help you detect the authenticity of the money and give you accurate results without wasting your time allowing you to focus more on your operational activities instead.
Counting Speed
Counting speed means the number of notes that a machine can count per minute. Usually, the higher the counting speed, the more expensive the cash counter machine is. And if you run a business with a high turnover on a daily basis, you won’t regret spending more than just a few dimes. The counting speed can be easily adjusted by you to cater to your needs and it ranges between 600 and 1,500 bills per minute.
Hopper Capacity
Hopper capacity means the capacity of money counter machines to hold a default amount of money at once. This feature is essential to consider as this determines the amount of cash this machine can sort at a time. Most of the counter machines can hold up to 300 notes while heavy-duty machines can easily hold up to 500 notes. You also need to scrutinize whether the machine is front-loaded and back-loaded.
Bonus Tip: You should go for front-loaded hoppers because they can hold high amounts of notes at once, and they are very efficient in terms of performance.
Multi-Currency
If you’re planning to expand your business to an international audience, this feature is critical in your decision-making process. This function allows you to easily count and sort different kinds of currencies in a mixed stack of currency notes. It shows you a breakdown of varying currency types on the screen.
Counterfeit Detection
For sure, you wouldn’t appreciate selling high-end goods or services to a customer just to find out at the end that the bulk cash was nothing but counterfeit. Worry not. This counterfeit function can help you verify the authenticity of the notes either by using ultraviolet rays, magnetic, or infrared detection. Some of these machines also read the serial numbers of every single note that runs through them which can help you in auditing or reconciliation purposes.
Other Important Features to Consider
- Sorting Function – This function allows you to classify different types of notes such as a five- and ten-dollar note. It also allows you to instruct the machine to stop counting after a certain amount, so you can create different piles of notes.
- LCD – A cash counter machine with an LCD displays the breakdown of count and value by denomination, and it also helps you by rejecting the suspicious notes.
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Compatibility With Printer – If you want to maintain books of accounts, this function allows you to print out the receipt for your record.
