Factors to Consider When Buying a Money Counting Machine

Money-counting machines are indispensable to businesses that heavily rely on cash. Not only do they help you count cash more quickly, but they also detect counterfeit currency, so you can boost your profits and focus better on business operations.

When buying a money counting machine for your business, you need to consider various factors, like do you want a mixed denomination money counter or one with counterfeit detection technology. You will have to weigh the pros and cons as to which factors are a must for you.

In this article, we’ll go through the 5 most important factors you need to consider when buying a money-counting machine to ensure it best suits your needs. Let’s take a look!

1.    Size & Weight

Will you move the machine from one place to another throughout the day? If yes, consider the size and weight of the machine. You certainly don’t want a machine that’s too large and heavy to carry around, as this will restrict functionality.

On the other hand, if the space you’re going to place your machine in is cramped, you will have to ensure that it has a compact design.

2.    Counting Speed

Some businesses deal with a large volume of cash every single day. Of course, this means that they need a money-counting machine that can quickly count cash in a short period to meet operational business needs.

Most machines feature interchangeable speeds. In other words, you have the option to opt for the speed of your choice. However, you must remember that they come with a max speed of currency counting, so make sure it matches your preference.  

3.    Multi-Currency

If you deal with international clients as well and your business receives different kinds of currencies, manually classifying them can be a huge waste of time and time is money. You certainly don’t want to waste your time when you can better focus on your business operations.

Therefore, a multi-currency money counter organizes different kinds of currencies for you quickly, accurately counts, and presents the value of each currency. This way, you won’t have to fret about manual work and managing your books of accounts efficiently.

4.    Counterfeit Detection

With millions of fake dollar bills in circulation, you surely don’t want to harm your business’s financial performance and position by accepting counterfeit bills. Therefore, it’s imperative for you to look for a money-counting machine that comes equipped with a counterfeit detection feature.

Different machines offer separate variants like ultraviolet, magnetic, and infrared detection functions. However, the most common and effective detection technology method is UV.

5.    Ease of Use

With a money-counting machine with many features, it will be more complex for you to use each function. Regardless, it shouldn’t be that difficult to opt for a feature and push the button to allow the machine to start working.

What really matters is the user interface. For instance, the machine should have an easy-to-use LCD or LED display to make it more practical. If you’re buying a money-counting machine online, customer reviews will be really helpful to you.