Frequently Asked Questions About Coin and Bill Machines
The following questions are commonly asked about coin and bill counting, sorting, and wrapping machines:
How do I protect my business against counterfeit money? Counterfeit bills can cut into profits and generate losses for your company. Do not let counterfeiters run a scam on your company by purchasing a counterfeit detector machines. Some machines use UV light, or black light, to verify that the bill is genuine, while others use watermark detection. There are also machines that use both UV and watermark detection, and these are highly effective at stopping even the best counterfeiting rings.
How large should my bill counter be? The size of your bill counter depends on the money you handle every day. If you are using one to keep track of personal finances, or you own a small business, then you could use a small bill counter. Larger businesses who handle piles of money every day, like large retail stores, need to purchase bigger bill counter than can handle more money. You might also want to purchase one that incorporates a counterfeit detector, like a UV light, into the bill counter.
Is a coin wrapping machine the same as a coin sorting machine? Yes and no. The purpose of a coin sorting machine is to divide up the coin collection and sort the currency. Some machines allow for wrappers to be placed in the sorting tubes, so that once the currency has been sorted, it can be quickly wrapped. However, keep in mind that not all coin sorting machines have a coin wrapping feature.
When you have a cash only business, then you may be interested in a sorting and wrapping machine. Bills and coins can become disorganized without such an electronic device. Banks use bill counters to keep track of money. Concession stands for food are likely to bundle their cash using such a machine before depositing daily profits at the bank. Electric bill and coin counters verify the cashier’s drawer. Machines shrink wrap nickels, dimes in quarters. Find dealers of these machines on the internet. Ask trade organizations what machines they prefer and what dealers they recommend. Read customer reviews of certain machine models for wrapping currency.