3 Features To Look For When Buying a Money Counter

Once you start shopping for a money counter, you should pay special attention to the features you think will help your business. Depending on the type of activities you perform on a daily basis, your money counter can help improve workflow processes. You may or may not need specific features, which is why you should know your business intimately before making a decision.

3 Features to Look for When Buying a Money Counter

When you are seeking a new money counter, you should consider its speed, its capacity, and its ability to detect fraudulent currency. All of these features are most critical when sorting money. 

Money Counting Speed

The speed of your money counter is important if you have a high volume of bills that you need to digest. For example, a very busy cafe in a downtown area may receive a large amount of cash every day. However, a business that has a lot of credit card in-store purchases may not require a high-speed money counter. For this reason, you should consider the amount of money you process every day. A counter can be a business benefit if it matches the volume of bills you collect each day. On the contrary, a more affordable, slower counter will work better for you if you don’t handle a lot of cash.

Money Counter Capacity

The ability of the money counter to take large or small stacks of money will impact your business. This is in addition to the money counters ability to do multi-denomination and multi-currency stacks of money. A multi-denomination counter allows you to put mixed dollar bill amounts into the hopper. The machine can then sort the stack without pause and neatly separates the different bills while giving an accurate total. A multi-currency counter can sort bills from other countries and can be adjusted based on the type of currency you are giving it. You may not need a multi-currency counter if you only work with USD. Also, this is the same if you receive small amounts of money and don’t require stacks of money to be processed altogether. 

Counterfeit Detectors

You can process your bills at lightning speed while also checking for fake currency. Many money counters have built-in fraud scanners. This type of technology uses sophisticated approaches to help identify fake cash. These devices can include magnetic stripe, UV light, watermark, micro-print, and other forms of counterfeit detectors. They will have a built-in lens that allows it to identify the differences between a fake and a real bill. These are great because once your counter detects a fake bill, it will pause it’s counting and alert you. Typically, they are highly accurate and rarely error-prone in their detection of forged bills. Once the fake item is removed, it will resume counting and give you an accurate total. 

Learn More About What Features to Look For

You have to think about the type of money you handle, what your business or personal needs are, and what features you need or can live without. Weigh which features will help you the most. With the aid of professionals in the money counting industry, you can receive additional advice to find out what will be the best fit for you. 

Heron Nelson

Heron is a business blogger with a focus on personal finance and wealth management. With over 7 years of experience writing about financial topics, Heron has established herself as a trusted voice in the personal finance space. She has a deep understanding of financial concepts and strategies, and is able to explain them in a relatable and actionable way for her readers.