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Things to Consider When Buying a Money Counting Machine

A machine is meant to make work easier and faster. If you understand that concept, then you will need to find that in a way you have made things easier for yourself. When it comes to specifics like a money counting machine, then you will need more information about the manuals and who is going to use the product. Once you are done with that, then the mechanics come into place.

Having this in mind will make sure that you do not go through the motions and pick a machine that will layer up additional expenses to your business. So, here are some of the things that you might want to start with.

Hopper capacity

The hopper is the part or place where you place money. When talking about its capacity, we are talking about the money that can be accounted for at a go. It’s important that you know this factor because it will determine the workflow experience. A great to determine this is to think of the typical amount of money that you will handle in a day or in a week.

Ease of use

Typically, machines come with manuals that guide how you will use them. But the more sophisticated they are, the more training you will need to have operated efficiently with such a machine. When buying a money machine, you will have to see if you have the qualified staff to use the machine.

Price and functionality

First things come first. You need to understand that you have to look into your pockets. Be real with yourself and see the money as you have it. Not as you wished that you are supposed to have it. Once you do that, then you will need to jump into the next step: functionality.

Functionality is based on your needs, and it might be important that you don’t skip this step. It also includes understanding the context of your business. For example, if you are a bank, you might need a multi-currency counter or a mixed denomination counter machine. Or even in extreme cases both.

Once you understand this, then, you will not be overexcited by the features proposed to you. You will know what you want and go and get it. For starters, it’s important to know that the more features a money counter has, the more expensive it will be.

Counterfeit detection

This one is really significant. Counterfeit is everywhere, and it might mean trouble if you are not careful.

However, doing this kind of work with your hands is tricky and time-consuming. To be truly safe, you have to check every single bill. That’s a lot of work and energy that can be channeled into doing more meaningful work.

Apart from the hands-on approach, there are other ways to skin this cat. The most commonly used tool is the Ultraviolet detection of a counter machine.

Counting speed

Not all counting machines count money at the same speed. This means that you will have to consider the volumes of money that you deal with in a day and choose a counter that will work within the highest max speed. This way, you will be able to deliver easily.