Does Your Business Need a Counterfeit Detector?

    Jun 29 2015

    Topics: Counterfeit Detector

    Businesses that deal in currency should seriously consider buying a counterfeit detector. For a small investment, you can get a lot of protection. Although you might want to think that all of your customers are honest, you have to face reality and understand that some people will want to take advantage of your lack of security by scamming you. Or, you might even be dealing with honest customers who simply came into possession of fraudulent bills at no fault of their own and are trying to use them to buy your products. Either way, you work hard for your money and you don’t want to lose any of your profits to fraud.

    If you’ve been mulling over whether or not you need a counterfeit detector at your business, you’ve come to the right place. If you answer “yes” to any of the three questions below, we suggest you go ahead and buy a counterfeit bill detector.

    Do you want to protect your business and your hard-earned money?

    It’s pretty simple—if you accidentally accept fraudulent bills at your business thinking that they’re authentic, you’re losing out. You’ve already exchanged goods or services for that money, and once it’s in your possession, it’s your problem. You can’t get your products back, and the bank certainly won’t accept fake bills. So you’re left dealing with the loss.

    With a counterfeit detector, you can be alerted to fraud before you accept the bills. You can protect your business and protect your hard-earned cash, so your bottom line doesn’t have to suffer. These counterfeit detectors are designed to check the magnetic, infrared, and UV security features on authentic bank notes. If any of these features aren’t detected and the note doesn’t pass the test, you’re alerted immediately so you can refuse the money and deal with the situation appropriately, instead of being defrauded.

    Do you want to protect your customers?

    Not everyone carrying fraudulent bank notes actually created them. They might have innocently accepted them elsewhere when they got change back from another business that had previously accepted them. If this is the case, a counterfeit detector can help you protect your customers, too. Once you’ve been alerted to the fraud, you can work with the customer discreetly to resolve the situation and report the fake money. You’re also protecting your future customers by not giving them fraudulent bills as change, because you’ll have detected them before acceptance. 

    Do you want to help your employees?

    Criminals are becoming more and more tech-savvy. The fraudulent bills they create are pretty impressive these days. It can be difficult for your employees to spot the fakes from the authentic just by looking at them. The naked eye simply can’t detect all of the security features that distinguish the real from the fake. When you invest in a counterfeit detector, you can help your employees more easily detect fraud. Plus, because it’s the machine giving out the alert and not the employee making the hard call, it saves your employees from getting yelled at by the customer. The customer is less likely to take the situation personally and blame the employee.

    Do you want peace of mind?

    If accepting counterfeit bills makes you nervous and if you feel stressed every time you accept large bills at your business, then you can definitely benefit from buying a counterfeit detector. You’ll be able to have the peace of mind knowing that your money, customers, and employees are protected. You avoid the risk all together so you can sleep easier due to your improved security.

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    Andrea Lombardi

    Andrea Lombardi

    Andrea joined the CashTech team upon its inception in 2003. Learning the business from the ground up, she now utilizes her expertise in account management, planning, and negotiation while managing the daily operations of CashTech’s sales, marketing, and logistics departments. Andrea holds a bachelor’s degree from the University of Western Ontario. She enjoys travelling and has a passion for personal fitness, including obtaining her kettlebell certification. Andrea lives in Toronto with her husband and two young sons.

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    CashTech Currency Products Inc.
    1040 Cardiff Boulevard
    Mississauga ON, L5S 1P3