Blog Post

Tips for Choosing a Currency Counter

  • By Admin
  • 31 May, 2019
Currency Counting Machine
Many businesses deal in a lot of cash. This includes everything from banks to small, personally operated vendors who sell goods at craft fairs and other events.

If you own a business that requires you to handle a lot of cash, consider investing in a currency counting machine. These machines offer an easy way to keep track of how much you earn, print receipts, and get a better handle on your income. However, not all currency counting machines are created equally. For this reason, you need to put a lot of thought into which one you ultimately purchase.

Consider Your Average Earnings

Different currency counters have different capacities in terms of how much money they can count and process as well as how quickly. Often, one line or company will offer several different counter options with different capacities. For this reason, you have to know your capacity needs and choose your counter accordingly.

First of all, get a good handle on how much you bring in on a regular basis. Then, consider how often you plan to count your money. You might do this daily, weekly, or even monthly or quarterly. Whatever your schedule, you want a machine that can efficiently handle the amount you regularly process when you process it. So, keep this criteria in mind as you decide which currency counter to buy.

Think About Maintenance

You must also consider how much maintenance time you want and are able to devote to your currency counting machine.

Some machines have big moving parts that have to be oiled, cleaned, and cared for on a regular basis to avoid problems. Some machines even require regular calibration by professionals.

However, there are also simpler machines that do not require any maintenance from you or only very little. Be honest with yourself about how likely you are to take care of a machine's maintenance needs, and then choose one that matches what you are willing to put in.

Choose Your Hopper With Care

Different currency counting machines will come with different types of hoppers. Hoppers are the part of the machine that feeds the cash in to be counted. Generally, you can choose between a front feed hopper and a back feed hopper.

Front feed hoppers are typically easier to use and can handle larger loads of cash and coins compared to the back feeding options. However, back feed options tend to be more affordable and are often a good choice for smaller operations.

Because these hoppers vary, you should consider your needs and know what type of hopper any machine you want to buy is equipped with. That way, you can make an informed purchase and ultimately get a machine that is right for both you and your price range.

Consider the Size

Business owners should also think about the size of the machine. Every office or workspace is different and will have its own size constraints. Obviously, you do not want a machine that is too big for the area you have designated for it.

Furthermore, think about whether or not you will need to move the machine around a lot. For vendors who sell on the go, a compact, easily portable model is highly desirable. Know your needs, and always check specifications to determine if a particular counting machine's size will work for you before buying.

Business owners have a lot to think about when choosing a counting machine. However, if you can keep these helpful tips in mind, you can easily choose just the right machine for you. For help finding a great machine, contact the experts at The Banker Money Counting Systems.
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Right now, in your convenience store, you and your employees might count and handle money the oldfashioned way. A currency counter might not seem like a necessary investment, but it's worth the cost. These are a few reasons why these devices are particularly useful in convenience stores.

1. Detect Fake Bills

Because of the sheer number of transactions that are often done in a convenience store throughout the day and because of how fast these transactions usually happen, convenience stores can be at more of a risk of receiving counterfeit bills than many other businesses.

If employees use a currency counter when accepting larger amounts of money, they can quickly check to make sure that the bills they are being given are real.

Even if money has already been accepted by employees and is being counted at the end of the day, the counterfeit detector on your currency counter machine can help you catch fakes so you'll avoid taking them to the bank or keeping them in circulation.

2. Save Your Employees Time

Your employees probably have a lot of responsibilities in your convenience store. Having to spend a lot of time counting money takes away from the other things that they may need to be doing. If you have a currency counter that they can use, employees can make quick work of counting money so that they can quickly move on to the next task.

3. Get Money Put Away Quickly

Convenience stores are at a great risk of being robbed, so taking steps to help prevent theft is important. One of the key things that you can do is to keep a limited amount of money in your cash register drawers. Having employees put money in the safe once they accumulate a certain amount helps decrease the risk of theft, and if theft does occur, it helps minimize the loss.

If employees have to count money by hand each time that they put it in the safe, the money will be left out for longer. Also, robbery may be more tempting if employees are seen visibly counting large sums of money in the store.

With a currency counter, employees can get money counted and put away very quickly and discreetly. This helps keep both employees and the money in your store safe.

4. Prevent Human Errors

Your employees are probably pretty adept at counting money. They might do it all day long when they accept money from customers. This doesn't mean that they can't make a mistake, though, especially if they're in a hurry. Wet bills or brand-new, crisp bills can easily get stuck together, making it easy for a person to make a mistake, for example.

Currency counting machines have high accuracy rates, though. If your employees always use a currency counter when counting money, they will help decrease the chances of a mistake being made.

5. Avoid Spreading Germs

It's no secret that money is often covered in germs. Your convenience store employees obviously aren't going to be able to avoid coming in contact with money, but you should still minimize the spreading of germs.

After all, your employees might prepare hot dogs or other foods for your customers, and you don't want them to spread germs that can make someone sick. You don't want your employees to get sick either.

With a currency counter, you can help minimize how much physical contact your employees have to have with money.

A currency counter is a great investment for any convenience store, whether it's a small, rural convenience store or a large truck stop on a major interstate. Contact us  at The Banker Money Counting Systems to find out more about our currency counting systems and how they can improve your convenience store.
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