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If you’re running a small business, cash is your life’s blood. Credit card transactions cost a fee, and are mostly a convenience for customers. Checks are old fashioned, and take too much time to process. Cash is easy to deposit, and it’s guaranteed to be worth the value that’s printed on it.
But dealing in cash has its downsides. For one thing, you’re vulnerable to internal theft. This isn’t an issue with cash or credit cards. For another, it means you’ve got to sort and count bills.
For retailers, cash is even more of a headache. Cash transactions require making cash change, so you’ve got to make sure your registers are staged with appropriate bills for all transactions. Again, this involves sorting and counting.
Electronic bill counters can make these tasks quick and painless.
Some cash counting machines are designed with counterfeit bill detection. It’s up to you if you need to pay more for a machine with this option. If this isn’t a problem for you, you can save money by buying a more basic machine that doesn’t offer counterfeit detection. That said, if counterfeits have been a problem for you, a counterfeit detecting machine may be just what the doctor ordered.
Not all of these machines work the same way. As a matter of fact, there are three different types of counterfeit detection, each with its own costs and benefits:
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