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3 Types of Businesses That Benefit Most From a Counterfeit Detector

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3 Types of Businesses That Benefit Most From a Counterfeit Detector

The Federal Reserve estimates that as much as $220 million in fake money could be circulating in the United States. As a business owner, you have to realize that counterfeit bills can cut into your bottom line. To combat this type of fraud, business owners have to be preventive and equip the latest in counterfeit detection technology in order. The benefits of counterfeit detectors are well known. Not only do they help catch scammers and their counterfeit bills, it’ll also protect you from declaring real bills as fakes. While all businesses that deal with large amounts of currency could benefit...

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DUST COVER FOR BILLS

   PROTECT YOURSELF FROM DUSTY BILLS! According to a 2002 report in the Southern Medical Journal, bills can contain more germs than the inside of a household toilet… Actually, they are a hospitable environment for many viruses and bacteria and can transport a flu virus for as many as 17 days. On top of that, approximately 80 percent of US bills have been contaminated with cocaine! There are different ways to protect yourself from being contaminated with viruses and bacteria while handling cash. First, make sure to wash your hands effectively after touching the bills. If you handle a...

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THE TYPE OF COUNTERFEIT DETECTOR YOU NEED

There are different types of counterfeit detectors available with different designs, detection functions and operating systems to fit the needs of your business. There are multiple factors to consider when trying to purchase a counterfeit detector: How fast do you want to be able to check bills? If you are in a fast paced environment where it is important to do things quick, you might want to invest in an automatic bill scanner; simply insert the banknote in the automatic feeding system and your bill will be checked in less than 1 second. From UV detection to Infrared and Magnetic,...

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Why Counterfeit Pens Are Not Reliable

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  Often times, store employees do not know how to identify counterfeit bills and rely on the simplest, least reliable counterfeit detection tool: the counterfeit pen. As a result, multiple fake bills are accepted in cash registers; this causes financial losses because those bills are worth nothing when attempting to deposit them at the bank. As a matter of fact, the United States treasury estimates about $70 million in counterfeit bills are in circulation, or approximately 1 note in counterfeits for every 10,000 in genuine currency. Here is the thing, counterfeit pens will not detect any fake bills other than...

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THE BENEFITS OF CURRENCY COUNTERS FOR BUSINESSES

I. Time Saving Let’s face it, time is money; and the amount of time you spend counting money by hand means less time working on things that actually increase sales and boost your business. Counting money by hand reduces productivity, it’s as simple as that. Money counters, however, take only seconds to process hundreds of bills, which allows your employees to spend more time fulfilling more important duties. Some of these machines also have the capability to count mixed denominations altogether so you don’t even have to organize your bills by batches prior to counting, which is also a time...

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