If you own a business or financial institution, a quality cash register is essential. Counting stacks of banknotes by hand is time-consuming and inefficient, and it is possible to count several counterfeit notes without realizing it. That’s why this machine is equipped with the latest counterfeit detection technology and high processing speed to count banknotes as efficiently as possible. For more information on prices and models, see the list of the most recent cash registers on the market. A cash register is a very useful tool that can reduce counting errors exponentially and ensure total accuracy. When buying a money counting machines, there are five factors to consider before making a purchase.
The cost of the money counter is the first criterion to consider. Especially if you have a specific budget or price range, it’s important to review the prices of each model and consider what the machine has to offer for that price. The more expensive it is, the more features and functionality it usually has.
There are money counters on the market that cost only 2000 and only have the basic functions needed for counting. More luxurious ones, such as mixed currency counters, can cost ,000 or more. The most desirable multifunction counter for professional use; they are often equipped with software and imaging technology that allows the machine to recognize the denomination of the banknote.
Ease of use
The money counter shouldn’t be hard to use, it should be as easy as one, two, three. Simply put, once you turn it on, all you have to do is place the stack of bills on the back of the device and let the rest take care of itself. But each money counter comes with an instruction manual for specific functions and settings for each case. The more expensive the machine, the more complicated it usually is as more buttons and features are added, which takes some getting used to. Therefore, ease of use plays a big role when buying one of these machines. It is highly recommended that you take a test drive before making a final decision or read online reviews from previous buyers.
It is a must for money counters to have counterfeit money detection. This is one of its many selling points, and while not every model has this feature, you’ll want one. Counterfeit bills are constantly circulating in the banking system and it is important to distinguish legitimate bills from fake ones. Trying to identify counterfeit banknotes manually takes time, and this is where cash counters play a huge role in speeding up the counting process. Counterfeit detection uses UV light detection which reveals and identifies important marks and symbols on banknotes that are invisible to the naked eye.
Counting multiple currencies
If you need to calculate more than bills, consider a multi-currency counter that can handle multiple currencies from different countries. These models tend to be more high-tech, incorporating a color image sensor and advanced imaging software to determine the denomination of each banknote. The main advantage of these counters is that they can calculate currencies of other countries practically without errors. But upon further analysis, such a machine may not be necessary for small business owners in retail stores as most currencies are in the region. Multi-currency counters are more suitable for international companies, banks and securities companies.