Monday, February 5, 2018

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.