In today's world, businesses are constantly handling large volumes of cash transactions on a daily basis. Counting the cash manually is time-consuming, error-prone, and leaves room for discrepancies.
That's where counting machines come into play. Counting machines not only save time but also reduce the chances of errors and discrepancies. Also, some models are equipped with fake note detectors that can identify counterfeit notes.
In this article, we will guide you through the process of choosing the best counting machine with fake note detection for your business.
1. Why you need a counting machine with fake note detection:
Counterfeit notes are a significant concern for businesses worldwide. According to the United States Department of Treasury, around $70 million in counterfeit currency is in circulation globally. The chances of receiving counterfeit notes are higher when handling cash transactions. It is challenging to identify the differences between real and fake notes with naked sight, but the counterfeit detector in counting machines helps spot fake notes quickly.
By investing in a counting machine with fake note detection, you could save your business from potential financial losses resulting from accepting counterfeit notes.
2. Types of Counting Machines:
Before we delve into the specifications, we should discuss the types of counting machines available on the market.
Desktop Counting Machine: The most commonly used counting machine. This machine is suitable for small to medium scale businesses and can count up to 1000 notes per minute.
Portable Counting Machine: Portable counting machines are lightweight and small enough to use for on-the-spot verification of cash notes. It's best suited for small businesses, and its counting speed is lower than desktop machines.
High Volume Counting Machine: High volume counting machines are suitable for larger businesses. These machines can count up to 3000 notes per minute and feature multiple hopper and sorting options.
3. Fake Note Detection Technology:
There are mainly three types of counterfeit detection technology found in counting machines.
UV Detection: Ultraviolet detection involves the use of UV light to detect ultraviolet markings on a genuine note. The fake note does not have any UV markings, making it easy to spot counterfeit notes.
Magnetic Detection: This method of detection uses magnetic sensors to detect the magnetic properties of the iron particles embedded in the ink used to print banknotes. The magnetic detection feature in counting machines can detect the variations between magnetic ink used on genuine notes and counterfeit notes.
Infrared Detection: Infrared detectors are used to detect infrared ink used on genuine banknotes. The absence of Infrared ink on counterfeit notes makes it easy for the counting machine to detect them.
Capacity refers to the number of notes the counting machine can process at a speed. Capacity plays a critical role in deciding which counting machine is best suited for your business.
For small businesses, desktop counting machines equipped with a capacity of 1000-1500 notes per minute is sufficient. On the other hand, you will need a high volume counting machine that can count up to 3000 notes per minute for larger businesses.
5. Maintenance and Support:
The counting machine will handle a significant amount of cash daily. It's crucial to ensure adequate maintenance and support is available whenever needed. It is best to opt for a service provider or vendor that offers support and maintenance agreements.
6. User interface:
The user interface plays a crucial role in deciding which counting machine suits your business best. It's essential to choose a counting machine that has an easy-to-use interface and requires minimal training.
Counting machines can be a little noisy and distracting. It is best to opt for a machine with noise levels below 60 decibels. Machines with noise levels below 40 decibels can be a lot more expensive.
In conclusion, investing in a counting machine with fake note detection can help mitigate the risk of accepting counterfeit notes and help you streamline cash handling operations. With the right machine and technology, you can automate cash transactions and reduce human errors, saving you valuable time your employees can devote to other business tasks..