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.

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.

Tellermate is the first brand that you think of when you think of money counting machines. A Tellermate cash counter is an extremely well-known brand, built by an established and trusted manufacturer. Tellermate has been helping businesses count cash with their quality cash counters for over thirty years, so you know that a brand that sticks around that long is guaranteed to produce reliable products.

 Continued Support

Another reason why Tellermate cash counters are the best is the fact that Tellermate will offer continued customer support, from helping you set up your Tellermate cash counter, to after sales reassurance. If you buy a Tellermate cash counter, the company will always offer support should something happen to it. Simply call their hotline and they will help you out.

 Advanced Machines

Tellermate cash counters are the top cash counters on the market. They have a lot of advanced features that you would not find on other cash counting machines, such as digital screens and simple money feeders. They are faster and more accurate than anything else on the market and feature a simple and intuitive interface.

Options

Tellermate offers a range of different types of cash counting machines. No matter what assistance your workplace requires for counting money, Tellermate has a machine to help. There are coin counting and cash counting machines, as well as single money counters that will do both. There are machines for large and smaller workplaces, but if you are unsure, you can talk to your supplier, or Tellermate and they will help you choose the best Tellermate cash counter for you.

 Availability

It couldn’t be easier to get your hands on a Tellermate cash counter. They are available in many countries and come in different languages. You can order Tellermate cash counters online and have them delivered straight to your workplace. From there you can contact customer support if you need any assistance with the set-up of your cash counter.

3 Reasons Note Counting Machines Are a Superior Option to Counting by Hand

If you are researching money counting machines, chances are that you may have considered investing in a note counting machine for your business - but you have yet to be fully convinced. Surely you can spend the money on something more select than a simple note counting machine – you might think it is an employees’ task, after all.

If you are not yet convinced, take a read through these three simple reasons to understand why note counting machines are far more advantageous than manual counting.

1.  100 per cent guaranteed accuracy in counting
   
We all know how disruptive it can be when petty errors are made during the workday. Not only does it take time to recount, it can leave you with a sense of doubt that your money is not correctly accounted for.

Note-counting machines guarantee accuracy in counting all types of notes from most world currencies.  Note counting machines models are robust and can count up to 1600 notes per minute, maximizing time savings while ensuring an accurate count.

2.  Note counting machines work as a flawless anti-counterfeit tool
   
Even in our modern world of advanced technology, counterfeit schemes can still enjoy some success. The reason being that, in the right context, people can still be deceived. In a busy environment, it is easy for money handlers and cashiers not to immediately distinguish a counterfeit note from a real note. Which is why note counting machines with counterfeit detection are an excellent way to count large quantities of cash at point of sale.

3.  An excellent way to save time
   
Most traditional businesses count their money at close of business, sometimes causing staff to have to stay behind or work overtime. With note counting machines, your counting can be done in a matter of minutes, with no reason to recount due to doubt about potential errors.
   
Note counting machines can also be operated at point of sale in busy environments, meaning that cash intake can be monitored for the entire business day, thus transforming the way your business runs.

How Cash Counting Machines Can Help A Retail Business

Do you work in retail? Perhaps you own a boutique or manage a popular chain store? There's no denying that while cash is one of the most important things to your business, as it keeps it in profit, cash can also be extremely tedious, especially when it comes to counting it.

As you have probably heard your staff complain over and over again at the end of the working day, counting cash takes up so much time for very little reward, given that the initial count is frequently wrong. Counting cash at the end of the day often results in mistakes. Staff do it when they are tired, yet it is crucial that the figures balance and they know this, meaning that they may end up staying late in order to recount, or get somebody else to double check their figures. This means that money is being wasted in a number of ways. Firstly, because if they stay late then you must pay them overtime. Secondly, if they spend all of closing doing cash counting, then they are probably missing out on other important end of day tasks such as tidying the shop floor. This will give a bad impression to customers the next morning, so that while the previous day's cash was being counted, the next day's earnings were being compromised.

There is one simple solution to this common retail problem: a cash counting machine. A cash counting machine will do the hard work for you and your staff, not only more quickly, but also more accurately. Why wouldn't you invest in a cash counting machine? There are many different types of cash counting machines too and they needn't be ridiculously expensive. You can get one that is suited to the size of your business; a smaller simpler one for the likes of boutiques and a larger, more technical one for bigger stores that may have to use it multiple times throughout the day, such as for staff changeovers with different floats. There are cash counting machines for coins and notes, as well as both! What are you waiting for? Get a cash counting machine and improve the running of your retail business today!

Cash Counting Made Easier

Businesses and organizations that deal with large amounts of cash can often find it a rather tricky aspect of the job. Large amounts of cash pose not only a security risk, but also lead to mistakes in the books when errors are made counting it.

There are, however, ways to make handling cash easier. With certain equipment and skills, cash counting and handling doesn’t have to be a big deal.

Safe and Security System

If cash is kept on the premises, there should be a safe in which to keep it. This safe should be secured by a lock and code that only authorized personnel have access to. An advanced alarm system on the premises is also a necessity if there is cash there, along with a camera monitoring system. An effective security system will ensure your cash remains exactly where it is supposed to be and only those who have permission will be able to handle it.

Accountant and Finance Department

Having the right human resources is crucial when it comes to counting and handling cash within an organization. Not only is it essential that the staff who are handling and counting cash are trustworthy, they must also have the necessary skills to do the job effectively. Staff who handle cash, such as accountants and other financial department employees, need to be reliable enough to record every cash transaction and manage a balance sheet. There should also be multiple staff in the financial department to proof for errors. When handling cash manually this is bound to happen, but multiple people on the team will help lessen this.

Cash counting machine

A cash counting machine is the number one piece of equipment a business that works with a large amount of physical money can have. The cash counting machine eliminates human error entirely and will save a large amount of time spent separating and totaling notes. Simple to understand and easy to use, they will offer complete accuracy which is a huge helping hand to the financial department when trying to total balances at the end of the working day. A cash counting machine is a foolproof and invaluable investment to a company that deals with cash regularly and doesn’t want to lose out on time, or deal with the mistakes associated with counting cash manually.