In simple terms, currency counting machines are those machines that help you count money, both banknotes and coins. Whether a business is small, medium or large, currency counting machines are always a necessity. Apart from the regular retail stores, the currency counters can be used in vending machines to determine the amount of money deposited by customers. They can also be used with automated teller machines to allow customers to make cash deposits without envelopes as they can identify the inserted bank notes along with the number of notes inserted.
There are several benefits attached with currency counting machines; some of them are as follows:
l Speed: No matter how fast we are, humans can never be faster than machines. The latest currency counting machines are capable of counting several bundles of banknotes in handful of minutes. Also, as the machines work quickly, your business operations won’t be impacted even if the employee manning the cash counter is slow.
l Accuracy: To err is human. Machines, however, rarely err. It’s always easier to maintain accuracy in the processes completed by machines. Also, the performance of the currency counters are guaranteed by the manufacturers, and hence, you will end up with the value products every time.
l Easy to detect counterfeit notes: No matter how much you train your employees for detecting fake notes, there’s always a chance of ending up with fake banknotes in the cash till. One of the ways to resolve this issue is to use currency counting machines. These machines are equipped with sophisticated technology such as ultraviolet rays and magnetic detectors to detect counterfeit banknotes in a blink.
l Controls costs: Due to currency counting machines, you do not need extra employees to manage your cash till. Secondly, due to successful identification of counterfeit banknotes, the business loss arising out of fake notes can be controlled easily.
There are many types of currency counting machines available in the market, including mechanical and electronic. Broadly, the currency counting machines can be divided into banknote counters, coin sorter, and banknote and coin counters.
Earlier banknote counters could only provide a total count of the notes, but the newer ones can also identify the bank note denomination and offer total currency value of mixed banknotes.
Coin sorters are perfect for segregating the coins into separate bins for various denominations. These counters, however, are built for the specific currency as several countries use different currencies having similarly sized coins of different values.
Banknote and coin counters can process banknotes as well as coins simultaneously. Also, these counters are sophisticated enough that they can identify the denomination of the bank notes and coins as well as can count the exact quantity to offer the total value of the currencies.
The kind of machine you need will depend on the needs of your business. If you have relatively a smaller business operation, you should go for no-frills currency counting machine. However, if you are operating a huge business operation with heavy cash flow throughout the day, you should opt for the most sophisticated machines that come with anti-counterfeiting systems, ultraviolent reflection, infrared spectroscopy and magnetic detectors.
At Acedepot store, you can find any and all types of currency counting machines, including brands such as Accubanker, Cassida, Cashscan, Ribao Technology, Royal Sovereign, Magnif Coin Sorters, Semacon, Coin Mate, and Banlivo. Check out the features of the counters and compare it with your business needs to make an informed buying decision.