How to Find the Best Bill Counter for Your Business

    Jun 08 2015

    Topics: Bill Counting Machine

    Bill counters aren’t just used by banks and casinos. They can also be highly beneficial for small and medium-sized businesses. They can streamline your cash handling operations, save time, save you from avoidable losses due to human error, and provide you with the peace of mind knowing that you’re increasing productivity while keeping more of your profits in your pocket.

    Whether you deal with small volumes of cash or you handle thousands of dollars in bills and coins every day, you can find a bill counter that works for you. There are many currency counters on the market and it can be overwhelming to choose the one that will give you the highest return on your investment. If you’re going to invest in a cash management solution, naturally, you want it to have the capabilities, price, and features that will be the most advantageous to your unique needs.

    If you’re looking to buy a bill counter, use this advice and you will find the one that is best suited to your company’s counting needs. If you follow this guide, you can be confident in your purchasing decision.

    What’s in a Price?

    Of course, you don’t want to buy an expensive, state-of-the-art bill counter if you only deal with small volumes of cash. There’s no reason to buy the priciest option if you’re not going to be using it all day every day. There are less expensive currency counting machines that will work just as well without breaking the bank. You can find one that fits your budget.

    The higher priced counters will be best for casinos, busy retail stores, and bank branches. They typically have faster speeds, so they can count more money quickly, use the latest technology, and may have special features that you might not necessarily need. The lower priced counters will be more basic—if all you’re looking for is to count a few dozen bills a day, you don’t have to choose a bill counter on the higher end of the price scale.

    What Features Can you Benefit From?

    Just because a bill counter has cool features, doesn’t mean you’ll actually use them or need them. If they’re not going to improve your business, there’s no reason to pay more for fancy special features. Instead, while comparing currency counters, look at the different features that are offered and really consider whether you can benefit from them or not.

    You’re going to see many different models offered by different manufacturers. Rather than getting overwhelmed at all of your options, break them down by which functions are necessary to your business and which ones you can do without. 

    The two most important functions you’ll have to choose from in order to get a bill counter that is best suited to your needs is hopper size and speed. The hopper size you need will be directly related to the amount of bills you expect to need to count at one time. Get a higher capacity hopper if you have large volumes so you don’t have to constantly reload it with new batches. Choose a smaller hopper if you don’t have to count that many bills at once. The machine you choose should also have a speed that is good enough for your expected volume.

    However, you can also choose from different counting types and error communication styles, or choose a machine with the ability to adjust bill thickness, self-test, and detect counterfeit bills and more. Before you go shopping, do your research or ask an expert to determine which options are best for your business.

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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

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