Five Factors to Consider When Buying Money Counters for your Business

If you are going to buy money counters, then this blog is for you. We are going to inform you of the five factors that you should consider before making your final decision.

Let’s start.

Size & Weight

You should start with the size and weight of the machine. If you want money counters placed at your cash out counters, then you should go for compact model money counters. Contrarily, if you are going to buy one machine for all your requirements and you want that machine to have the ability to be transported from one place to another, then you should buy a lightweight machine that can easily be gripped and carried.

Hopper Capacity

The next factor should be paying attention to is the hopper capacity of a machine. If you have to deal with large amounts of cash, then you should choose a machine with the highest capacity. If you don’t have to count cash in large amounts all at the same time, then you can choose a cash counter with a lower hopper capacity. Concurrently, you should also see whether the bills are loaded from the front or the back. Front-loaded hoppers often hold up more bills than that of back-loaded hoppers.

Counting Speed

The counting speed of the money counter should be your next factor to consider. Though all money counters count cash fast, you should choose a machine with the fastest counting speed. The faster your machine will process with your cash, the faster you can complete a transaction. Needless to say, nothing irritates customers more than lining up at billing counters and seeing the transactions processing slowly and also, nothing makes them happier than seeing transactions happen fast, because they feel they will not have to wait long at the money counter.

Counterfeit Detection

Despite the government’s extremely strict measures taken against eliminating counterfeit notes, they are a reality that cannot be denied. Moreover, counterfeit notes can look so real that, at times, it becomes almost impossible to identify them just on sight. Receiving them only cause you a financial loss, but giving them to somebody can get you into trouble if that person reports it to police. The good news is that money counters now come equipped with a counterfeit detection capacity. So, you should look for machines that can easily detect counterfeit notes.

Mixed Bill Value Detection

You should look for a device with a mixed bill value detection feature if possible. The money counter must be able to identify and count notes of different denominations together. Buying such a machine will really streamline your cash handling. You will no longer need to separate bills of different denominations and make stacks of each note denomination before counting them. A machine having the capacity of mixed bill value detection will count all notes together. 

You should look for money counters that meet all these above-mentioned requirements and your budget. We provide optimum money counters in Canada at most competitive prices. Call us now.

3 Great Ideas To Build Trust With Your Store Employees

Trust is necessary between an employer and employees to take a business ahead. If you don’t trust your employees and your team knows it, their zeal to do better than the best will die. They will perform their job required task and go back home. As soon as they get a better opportunity, they will not hesitate to move. But, this does not mean, you should trust your employees blindly because some may not be trustworthy and they may take advantage of your leniency.  Confused! What should you do? It is simple. You should build trust with your employees without trusting them blindly. You may be thinking – is this really possible? Of course, it is. Here are three excellent ideas on how to do just that. 

Install CCTV Cameras

CCTV cameras or closed-circuit television cameras enable you to monitor the activities happening across the store. You can monitor what your employees and customers are doing. The installation of the closed-circuit television cameras will make your employees and customers realize that they are under surveillance, so they will avoid indulging in any activities that can cause trouble for them. 

Install Money Counting Machines 

Money counting machines can be an advanced addition to your store. They will safeguard your business from financial fraud. The machines can detect fake notes immediately. They count the cash fast, manage the bills, make batches of notes, among other things. You can put a cash register on every cash counter and ask every cashier to mention the amount that they receive when they report on shift and when they leave the counter. 

Make a Comprehensive Code of Conduct 

The third measure you can take is writing a comprehensive code of conduct. You should make a detailed code of conduct and share it with your team. You should share the COC with your new employees at the time of hiring them. If you share it later, the employees who have any objection may feel bad. They may feel you have deceived them and they will not work wholeheartedly for you. The code of conduct will keep your employees informed what they are not supposed to do, so they will abstain from such things. 

For high-quality money counting machines, contact us. 

What to Consider When Buying a Money Counting Machine

Looking for a money counting machine for your store? Then check these features that we are going to mention in this blog and do a comprehensive comparison based on them. This way, you will be ready to make the right selection.

Automatic Self-testing 

You must look for this feature in the machine. The machines with this feature do an automatic self-test whenever you switch on the machine. The test results will let you know whether the machine is working fine. So, you will be able to figure this out right away in the morning as you open your business.

Error Communication

This is next important thing to notice. The machine must alert you in connection to an error. Different machines show error messages differently. It would be better to inquire about the machine you are considering to know how it communicates error messages. 

Bill Thickness Adjustments

You must look for bill thickness adjustments in the machines. This will let you know what adjustments you should make in the machine for bills with different thicknesses. 

Hopper Size

The hopper size in a money counting machine determines how many bills can be loaded at one time to be counted. If you have to count a large number of bills at one time, then you should consider a machine with a higher capacity hopper size.Speed

Speed is another important feature to consider. Some machines enable you to set different speeds to count your notes and process your bills. It is up to you with which speed you feel comfortable. 

Counterfeit Note Detection 

You must look for this feature. The machine must be able to detect counterfeit notes, because the entry of counterfeit notes in your cash counters will affect your bottom line. Moreover, this can drag you into police cases. 

Do look for these features in the money counting machines you consider. Do a proper comparison based on these features and then make your decision. 

We provide money counters with high-quality and best price assurance. Contact us to learn more about our machines and make the best choice to meet your requirements. 

How to Protect Your Business from Counterfeit Currency Notes

Fake currency notes affect the bottom line of businesses, trades and economies. They are like germs that slowly spread in the whole system and infect it.

Business owners must prevent it at any cost from entering their system, because these notes will damage the credibility of their businesses in the mind of their customers, especially if these notes pass to customers during financial transactions.

How can a business owner avoid fake currency notes? Installing money counter machines at cash counters is the most reliable way to stop the flow of counterfeit notes in transactions. 

 Money counter machines? Are these not for counting the notes? Yes. They count notes. But, they do more than that. They can detect counterfeit notes easily from a bundle. So, if a note is hidden anywhere in a bundle of notes, the note cannot escape your eyes - the machine will discover it and show it to you. So, you need not count the notes twice or three times to be sure they are in the right number and are real.If a customer comes to you with many notes, you can count all the notes within a few seconds and separate the counterfeit notes, if any. So, it will speed up the transaction process, and in the time that you deal with 10 customers, you will be capable of dealing with 40-50 customers instead. Moreover, the machine will allow you to count, categorize, and separate different bills, so the financial transactions will become accurate.

Even if most of your customers pay you online and via credit cards and debit cards, the machine will be useful for you. Though most customers pay you by other means, inevitably, some customers will pay you with cash. Don't forget, you can make mistakes and accept counterfeit notes. One transaction with several large fake currency notes can negate your hard work of many days.

Cash Counting Machines for Retail Business Owners

The flow of cash in a retail business exists at high rates and the target customers prefer to pay cash for making purchases. Are you managing one such business? You must know how important it is to serve the customers in quickest cash processing services. Sadly, manual counting of notes and coins is not the best solution for the cash management needs. If you have hired a number of employees to do the manual cash counting in your business, you should switch to advanced cash counting machines for faster processing. There are several benefits of switching to such technological advancements as you will have more time to serve your customers. You can cut costs in hire a large number of employees to help you in your business. Productivity of your business will surely boost up with the use of such machines. If you are still thinking whether you should buy reliable money counters, here’s what you need to know:

Reduce Cash Loss with Advanced Machines

Advance money counting machines surpass human work in efficiency and also produce highly accurate output. Imagine an employee counting cash in a retail store. It would take a lot of time for him to count thousands of dollars. But a note counting machine can do the same work within a matter of minutes or moments. Also, the accuracy of counting is higher than in the case of an employee with which the cash loss is reduced.

Counterfeit Detection Possible

It is not hard to accept that a cash counting machine from a well known brand can see and counterfeit notes even when human eyes cannot. The risk of cash loss due to counterfeiting can also be avoided using these advanced machines in your retails stores.

Minimize Risk of Internal Theft

The loss in retail industries due to internal theft can be minimized when you use a efficient and highly reliable note counting machine to count your hard earned money. It prevents the employees from stealing money as they can be easily caught with respect to the count a money counter shows.

Why Your Business Needs a Coin Counting Machine

Coins are that annoying part of taking cash that many people would like to see obsolete, but the fact of the matter is that they are not going anywhere any time soon. Due to this fact, you need to come up with a way to deal with them. Thankfully there is a solution out there that will massively help any business that needs to deal with a lot of coins. That solution is, of course, a coin counting machine.

A coin counting machine is one of those amazing inventions that has helped businesses around the world in many ways. It operates by accepting coins through a feed and measures them, usually by weight, although some measure them by size. The coin counting machine will then automatically calculate how much you have inserted into it.

Sound incredible? It is, and that is why your business needs a coin counting machine.

The coin counting machine will count money faster than any human being can. That is, it will total up many coins in seconds. If you have a coin counting machine, you will no longer need to stay late counting the coins in your register at the end of the day. There will be no more fiddling around, creating piles of coins and ultimately getting frustrated when you mess up.

A coin counting machine is also extremely accurate. Humans create errors, but a coin counting machine will not. That means you will not have to recount your results; you know that you will have the right count on the first try with a coin counting machine. This will be a huge relief for you and your staff. It will also make your bookkeeping tasks much easier.

A coin counting machine is extremely affordable when you realize all the things that you can do and the way that it can make running your business so much easier. If you work in finance, retail, the restaurant industry, a charity, a casino, or any other type of business that deals with a lot of coins, then you need to get a coin counting machine to make your life easier.

Looking for a way to save time in your business? Six ways a Tellermate Cash Counter machine can help you.

A Tellermate Cash Counter is the ultimate investment in any business that experiences a high cash flow on a daily basis. Tellermate offer a wide range of cash counting machines to fit virtually any business environment, from quick serve restaurants to large capacity stadiums and everything in between. Here are just a few of the ways investing in a Tellermate cash counter can help you to save precious time!

 
1. Many Tellermate cash counters can count both notes and coins on the same device. No need to worry about having two separate devices, save your time and money for more important things.

2. Tellermate cash counters can recognize and count tokens and coupons  too. There is no need for your employees to slow down their serving when it comes to discount items such as coupons, cash counting machines will accurately include their value in their high speed counting process.

3. Significantly increases accuracy – ensuring that time is not wasted on recounts and cash discrepancies.

4. Speeds up end of shift counting – both you and your employees will be delighted with the amount of time that can be saved with the use of your Tellermate cash counter. Any till can be accurately counted in less than about five minutes.

5. Everything can be done using just one machine – Tellermate machines have an on screen total amount that is constantly updated as it counts, meaning the use of calculators or other equipment is not required.

6. Last but not least – your valuable cash can be banked faster. No need to wait around until your end of day takings can be banked. With the use of Tellermate cash counters, your takings will be ready to go within a matter of minutes after the close of day, which means improved security standards for your business.

So do not hesitate to make an important investment in your business. Cash counters not only save time; due to their high accuracy, fewer mistakes means an increase in profit too.