A cash counter is an essential tool for any business. It drastically reduces counting mistakes and ensures your account is accurate. It saves time since you’ll count money faster than by hand. For a cash-based business, a banknote counter is a business benefit and a smart investment at the same time. You may find manually counting money somewhat traditional, tedious, and time-consuming.
Besides, you can potentially tally up some counterfeit bills without knowing. That’s why banknote machines are well equipped with modern counterfeit detection technology and high processing speed to tally up money efficiently. A cash counting machine is helpful as it can exponentially lessen counting mistakes and guarantee the accuracy of the total amount.
Here are the things to consider when looking for a reliable cash-counting machine.
– Price range
The note-counting machine’s price is the first consideration. Particularly if you have a set price range or a strict budget. You should perform a price check and compare all models you are interested in. Take note of what each model offers, from its functions and features, so you can pick a model that best meets your business needs.
– Ease of use
A cash-counting device should be easy to use. A simple money counter can be as easy as placing notes in a hopper and switching the counter on.
While the difficulty of use increases with every additional feature, complex machines should be user-friendly. Only extra steps should be added, and a couple of buttons to push before the counter begins the tally. This must amount to telling the counter which currency is used or how you want to sort the bills.
That means the most significant factor in defining how user-friendly a cash machine should be is the user interface. If you can’t test the machine in person, you can read online reviews to find out if there are complaints about usability. The device should have an easier-to-read LCD or LED display to make using it simple.
– Counterfeit Detection
A reliable money counter should have a counterfeit detection feature. This is one of its numerous selling perks, and even though not all models come with this feature, make sure the one you buy has it. Fake currency notes circulate throughout the banking system, and it’s essential to distinguish legitimate notes from fake ones. Identifying counterfeit bills by hand takes a lot of time, and that’s where cash machines play a vital role in expediting the procedure. A fake note detection machine utilises UV light detection that identifies and reveals key symbols and markings on notes that can’t be seen through the naked eye.
– Hopper Capacity
When using a cash machine, you’ll place the notes in a pocket known as a hopper. A larger hopper will hold and sort more money at once. The size of the hopper will affect the amount of money you count in one session and the time you take to complete the tallying.
Most basic models come with a 200-bill hopper capacity. So, if your cash counter has a 200-bill hopper capacity and a tallying speed of 1,000 bills per minute, which will add money 5 times every minute. Also, removing the tallied money and adding more will take time, so counting the money will take longer. So, opt for a large-capacity hopper.
– Counting Several Currency Types
If you want to count other currencies apart from the US bills, you need to purchase a multiple currency counter, which can tally multiple currencies from various countries. The models are high technology, featuring colour picture sensors and improved imaging software to determine the denomination of all notes. The benefit of these cash machines is that they can tally the currency from any country with no mistakes. However, these counters might not be ideal for small business owners since most of the currency will be local.
A cash machine is a worthwhile investment in your business, speeding up the money-tally process while reducing counting mistakes and enhancing cash handling. Look at your business needs and the machine’s features. If you aren’t sure, consult your cash management solution company.