Counterfeiters are becoming smarter. According to USA Today, “In fiscal year 2015, nearly 70% of the $78 million in counterfeit currency passed in the U.S. was made using digital printing technologies.”
The technology these thieves are using is making it easier for them to pass counterfeit bills off as real because the fakes are becoming harder to identify.
What does this mean for business owners?
Well, if you don’t take steps to prevent fraudulent and counterfeit bills from being accepted as currency in business, you will pay the price. If you or your employees do not recognize a counterfeit bill, you will not be reimbursed for the loss according to the Treasury Department. You’re in business to make money – not lose it.
Therefore, it is imperative to purchase a counterfeit detection machine to protect your business. As the technology has allowed counterfeits to get past the original fake bill detector pens, you need more advanced tools that will work as a counterfeit currency checker.
The best counterfeit money detectors on the market today utilize a variety of magnetic, infrared, and ultraviolet counterfeit detection scanner technologies.
Fortunately, as the reviews will show, you will be able to find a quality counterfeit bill detector for your budget and your business needs.
Before you purchase a counterfeit money detector, you must consider your overall needs. For instance, do you want counterfeit detection only? Or, would you rather purchase a money counting machine that also identifies counterfeit bills? This is an important distinguishing factor.
Many businesses, small and large, utilize bill counters to help them save time. However, another benefit of owning a money counter is that many of the best brands offer machines with advanced counterfeit currency detection.
For instance, these machines will separate fake bills from legitimate ones during the counting process.
In addition, you should also consider the following factors when shopping for a counterfeit money detector:
If you are looking for a counterfeit bill detector, you’ve come to the right place. Let’s review the best counterfeit money detectors on the market to make you feel safe and secure with your purchase – and with the future purchases others will be making with your business.
Carnation’s CR180 bill counter is a perfect solution for businesses with low to medium cash handling or companies with smaller budgets. Coming in under $200, this money counter fits most budgets while remaining a reliable option.
In addition to counting up to 1000 bills per minute, it also has excellent counterfeit detection.
This machine utilizes both UV and MG detection to identify fake bills.
For those businesses looking for immediate counterfeit detection and not a money counter, the Cassida Uno is a great option. This device uses IR technology and a 4-inch LCD monitor to identify fake bills. You simply place the bill under the monitor and look for the UV marking stripes.
By placing these counterfeit detectors by registers, you can prevent employees from accepting counterfeit bills. However, it is important to note that these types of machines mean you must scan each bill individually, which is timely and open to human error.
Not all counterfeit money detectors use a variety of detection options and software to identify fake bills – but Carnation’s CR2 money counter does. This machine works so well at identifying counterfeits that it is used by banks, credit unions, and businesses around the world.
In addition to counting large sums of money quickly, it offers full package counterfeit detection. No fakes are going to get past this machine!
Those handling large sums of money (such as major businesses, banks, and casinos) must have a money counting machine that is equipped to handle mass amounts of bills, as well as identify counterfeits efficiently.
The CR 1500 Mixed Bill Value Counter top-of-the-line product allows you to place mixed denominations in the machine where it will sort and total the bills. Additionally, it has a reject pocket where all counterfeit (or suspected counterfeit) bills are sorted from the rest immediately.
Using MG, UV, IR, image and size recognition, this machine is extremely effective for detecting counterfeit bills. Plus, it is capable of capturing and storing the serial number of each bill it sorts.
For those looking for a counterfeit money detector to use by a cash register, the Accubanker D450 is a strong choice. While this device does not count money, it does offer counterfeit money detection. Using watermark, IR, UV, and MG detection, this machine takes away the possibility of human error. However, it scans each bill individually, which is time-consuming. Also, since it is a self-feeding machine, bills that are not straight may be more difficult to insert. If you are not handling large sums of money and are concerned about fraudulent bills, this is a cheap, but effective option.
You may be hoping to save money by purchasing a cheap counterfeit money detector, but it will cost you more money in the long run if you purchase an ineffective machine that allows counterfeits to be accepted. Ultimately, a money counter with counterfeit money detection is the most effective and efficient option.
Murakami-Fester, A. (2017, June 05). Counterfeit cash gets harder to spot: Some telltale signs. Retrieved March 11, 2018, fromhttps://www.usatoday.com/story/money/personalfinance/2016/10/23/counterfeit-money-spot-fake/92080738/
U.S. Department of the Treasury. (n.d.). Retrieved March 11, 2018, fromhttps://www.treasury.gov/about/organizational-structure/offices/Treasurer-US/Pages/if-you-suspect.aspx