If you are an individual or entity involved in the high volume of hard cash, then buying a money counting machine is something that has been on your mind. However, considering the options in the current market, you might be spoiled for choice. While it is an important item for your business or brand, it doesn’t have to be such a daunting endeavor. In this article, we have deconstructed all the fanfare that comes with counting machines. We will provide you with a list of 6 factors that you should give priority to when selecting such a machine.
Where do you envision placing your money counting machine? Is it at the office? Are you going to move around with it? You will have to go through such questions as you purchase this cash management tool. If you are starting off the business, and you foresee yourself being in a cramped space, you might consider a compact device. A lightweight option should be your selection if you are going to be moving around.
Unknown to most, money counting machines don’t all count money at the same speed. If you are dealing with higher volumes of money than most, choose a counter with the highest max speed. This way, you can serve your customers efficiently and much easier.
A money counter’s hopper capacity refers to the number of bills that the counter can hold at a single time. The capacity of the hopper will determine the time when you have to reload. The average bill counters have a hopper capacity of about 200 to 300 bills, while the heavy-duty bill counters have a hopper capacity of around 500.
Also, look out for front versus back loaded hoppers. As a rule of thumb, back loaded hoppers have a smaller capacity.
This particular factor is essential for a brand or company that is dealing with international clients and thus multiple currencies. It becomes vital that you have a money counting machine that can effectively and accurately organize and count different currencies. You should note that not all money counters come with this feature.
Mixed bill detection
If you are dealing with a high volume of cash, this is arguably one of the most important features of a money counter. This can allow you to detect malicious parties/ entities who might try to pull a fast one on you.
If you are using a typical bill counter, you might be required to organize the bills in their various denominations, i.e., 5s, 10s and 100s. How can you do that with a high volume of cash? Make use of a mixed bill counter that will automatically sort and count accordingly.
Detection of counterfeit notes
This feature should be on your list of priorities when you decide to choose reliable cash management tools. If you follow news and releases by the federal bank, you know that there are millions of counterfeit bills in the current market. And one of these fine days, one could find its way to you.
How do you protect yourself? Get a quality bill counter with a counterfeit detector and make yourself confident of your business’s safety.