OUR CLIENTS
Lawrence Ofosu25 March 2024They offer a very good customer services.
Emmanuella Ashalley11 March 2023I keep changing money counting machines quite regularly due to the nature of my business, but since i started dealing with Soltech Business Ent I have never changed their counting machines I bought for the past 4 years
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6 Factors to Consider When Buying Money Counting Machine
1. Price and Functionality
We’ll start with functionality. As with any other gadget you can buy, there are all kinds of features that can be included in money counting machines, but the actual need for many of these features is questionable, to say the least.
Instead of being wowed by features, focus on just what you need. A large supermarket has need of more features than a small business. If you run a small business or any business in which all of the cash will be placed in a register, a basic money counting machine may be all you need.
These money counting machines do not sense denomination value, they just count the number of bills and scan them with counterfeit detection technology. Since the money is coming out of cash registers, it is already sorted by denomination, which makes a basic money counting machine perfectly suited to your needs. Money counting can be time consuming, and this machine will save you a lot of time.
Value counters, or mixed-denomination counters, have imaging software that lets them detect the denomination of the bill. If you don’t have the cash already sorted of if you’re worried about stray bills ending up in the wrong stack, a value counter is a good choice.
Sorters and stackers have multiple hoppers. In addition to being able to count different denominations, they can sort them into stacks by denomination. These can be very useful if your cash isn’t already sorted.
Mixed value counters have the ability to sort currencies other than Ghana cedis. They are typically sold with a pre-programmed package of different currencies, and some models can be updated with software packages that will allow them to sort even more.
The more features a money counter has, the more expensive it is. Basic money counting machine are the most affordable option by far, and multi-currency machines and sorting machines are the most expensive. Their features are only useful in specific situations, though. While a bank might need them, a grocery store wouldn’t.
You can easily find money counting machine for less than Ghc2500, although if you need a bank-grade machine even a basic model will be more than that. Mixed denomination money counters are much more expensive, routinely costing over Ghc6000
2. Ease of Use
A money counting machine should be as easy as possible to use. As with price, the difficulty increases with each additional feature. A simple money counting machine can be as easy as putting the bills in the hopper and turning the counter on.
Even though the difficulty of use increases with each added feature, more complex money counting machine can and should be easy to use. In fact, the only additional steps there should be are, at most, a few buttons to push before the machine starts to count. This should amount to telling the counting machine which currency is being used or how you want the bills sorted.
This means that the biggest factor in determining how easy a money counting machine is to be used is often the user interface. If you can’t try a machine out in person, read reviews of it to see if there are any complaints about ease of use. It should have an easy to read LED display or LCD display to make using it as simple as possible
3. Hopper Capacity
The hopper is the pocket-like structure that you place the uncounted bills in. Some sources will also describe the tray in which the counted bills are placed as the hopper. Hopper capacity matters because it determines how much money can be sorted at any one time.
200 bills is a common hopper capacity for basic models, and for many of you that will be sufficient. If a money counting machine has a hopper capacity of 200 bills, and a counting speed of 1,000 bills per minute, that’s five times every minute that you’ll have to add more money. Of course, removing the counted bills and adding more takes time, so it will take longer to count the money.
That’s why a higher-capacity hopper is desirable. Just remember that if your business doesn’t handle that much cash, a bigger hopper might not be all that important. Also be aware that some models have a higher feeder capacity than carrier capacity. That means that you can place more bills in the hopper than the tray for counted bills can hold. You’ll have to remove some bills before it completes the stack.
4. Counterfeit Detection
This is one of the most important features of a money counting machine, and while not every model has this built-in, you really want it in yours. Counterfeit money is everywhere, with millions of cedis in counterfeit bills in circulation.
Identifying counterfeit money by hand is tricky and time-consuming. To be truly safe you’d have to check every single bill, and you don’t have that kind of time. Real bills are made with advanced counter-counterfeit measures, and counterfeit bill detectors are excellent at spotting fakes.
There are several different techniques that a money counting machines can use to check for counterfeits. The most common counterfeit detection tool in money counting machines is UV detection. Modern Ghana currency is printed with ink that glows under ultraviolet light. This is a simple and effective way to prevent counterfeit bills, but it is possible to fake the UV strip. Difficult, but possible.
Bills are also printed with magnetic ink. A magnetic detector can sense the magnetic field given off by the ink, which verifies that it’s a real bill and reliably detects counterfeit bills. Like the UV ink, this ink can be faked. Counterfeiters have already started using their own magnetic ink. In addition, the ink degrades over time and loses its magnetism.
Infrared detection is the least common anti-counterfeit method, but it is very effective. IR detection relies on inks that either absorb or reflect infrared light. These inks are, currently, impossible for counterfeiters to use.
You will rarely find UV, MG, and IR detection on the same machine. IR counterfeit is impossible, but it is also expensive to test for. UV and MG are much more common, and you are far more likely to find money counting machines that use one or both of those techniques for counterfeit detection.
5. Mixed Denomination Value Detection
Mixed value counters are usually much more expensive than more standard money counters. They require color image sensors and advanced imaging software to determine the denomination of each bill, and these components have to be top-of-the-line in order to work accurately at the speed with which a money counting machine operates.
Another benefit of the color imaging sensors is that they add another layer of security to your money counting since they can also be used to spot counterfeits. The expense of the mixed denomination machine is probably not worth it for a small business owner or even a large supermarket since all of their cash is pre-sorted in cash registers.
It is a nice convenience, though, and if you have the room in the budget it might be worth splurging. You wouldn’t have to worry about keeping the bills sorted and you get added counterfeit security. You should also remember that pre-sorted bills in a register drawer aren’t guaranteed to be sorted correctly.
5. Conclusion
Once you’ve decided what your needs are, picking a money counting machine isn’t hard. If you have a need for one with lots of added features, you likely also have the budget for it. If all you need is a counter to add up the bills, there are lots of very good machines to choose from. The counterfeit detection is available at all price points, too. Mixed denomination detection is very useful, but not strictly necessary if you’d rather not spend the money. No matter what you choose, we hope this has been a helpful guide.
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5 benefits of counting machines
1. Time Saving
Money counting machines can count notes at a considerably faster rate than humans and can manage a large amount of cash at once. The machine counts an entire bundle in a matter of seconds and provides accurate results, saving us time in the recounting process. When counting notes by hand, there is always the possibility of error, therefore the bundle may need to be rechecked several times. A single count in a currency machine can get the exact result. The smaller size of these machines are an added advantage and do not occupy much space.
2. Easy To Operate
Money counting machines are really simple to use. These machines have an automatic system that controls when they start and stop. When the notes are properly placed, the machine begins counting and stops when the count is complete. The user-friendly interface and straightforward operations have made it useful in a variety of settings, particularly financial institutions such as banks. For ease of operation, many devices now include an LCD interface and keypad.
3. Detection of Counterfeit Notes
All our money counting machines have features that detects counterfeit . If the system detects a torn, fake, or useless note, it will notify the user with a beep sound. This functionality is only one of the numerous reasons why consumers are increasingly turning to money counting machines. Manually identifying unsuitable notes is a difficult effort in and of itself, but this tool has rescued some businesses from significant losses. Counterfeiting has had a negative impact on a company’s economy and reputation.
4. Accuracy
These money counting machines are not only time-saving, but also incredibly accurate, with a near-zero risk of making a mistake. These machines segregate the notes while counting them. These money counting machine sort and count each note separately. Even if two notes in a bundle are stuck together, these machines separate them during counting and provide an extraordinarily accurate result.
5. Intelligence
The present generation of currency counting machines don’t just look stylish but are intelligent too. Many counting machines these days recognize different denominations and give the total amount instead of just counting the notes. This method helps save more time.
If you already have one, make sure it is always in a good condition by regularly servicing it and addressing any issues at an earlier stage to prevent any disruption to work.
Lawrence Ofosu25 March 2024They offer a very good customer services.Emmanuella Ashalley11 March 2023I keep changing money counting machines quite regularly due to the nature of my business, but since i started dealing with Soltech Business Ent I have never changed their counting machines I bought for the past 4 years
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