The Ultimate Guide to Choosing Money Counting Machines

Note counters and coin counters should be part of every businesses’ infrastructure. From making cash handling in your business smarter, faster, and more accurate, right through to detecting counterfeits and other issues, they help you run a tighter, more efficient ship. But with a tight budget to work with how do you find the best match for your needs? Today the LJ International team brings you an easy guide to choosing the right money counter effortlessly.

Functionality and Price

For most businesses, price will be a leading factor in the decision- we all have budgets to attend to, after all! However, it’s critical to balance that price tag with the functionality you need, or any ‘saving’ you make will be little more than a false economy.

Of course, the opposite is true, too- there’s absolutely no need to get so hyped up on features you end up overspending on things you will never use. The size of your business, as well as the complexity of your business operations, will greatly influence what features you need. It pays to know the different types of note counters that are available, too, to better match them to your needs:

• Basic bill counters do exactly that- count the number of bills (not the denomination value) and potentially scan for some counterfeiting measures. Their biggest drawcard is the time they will save.
• But there’s also value counters, sometimes called mixed-denomination counters, that will also count the bill denominations. If the machine has a sort and stack function, it will not only count different denominations, but also sort them into individual stacks! 
• Some machines offer other features too, like multiple currency handling, greater counterfeiting detection, and more. These are ideal for larger businesses.

The more features, the higher the price tag- but there’s a great money counter for every need, so don’t worry if you don’t have a lot to spend.

Ease of Use

As well as being a little more expensive, the more feature-heavy money counters will have a steeper learning curve. While the most basic models need nothing more than bills placed in the hopper and a cycle run, others will need a little more knowledge from the operator. That said, all note counters and coin counters should be pretty intuitive to use, so it’s worth paying attention to the user interface and choosing one that suits you. Either try it out in person, ask an expert (like the LJ International team), or make careful use of reviews to judge this feature.

Capacity

In addition to having the features you need, a good money counter must be able to handle the volumes you need. The hopper, the area where you add the notes to sort, will have a set capacity, and then there is the counter speed to consider. Together, these will help you determine the ideal specs of the machine for your business. Smaller businesses may be ok with a low-capacity hopper or longer cycle, whereas larger operations will need to move notes a lot quicker.

Counterfeit Detection Features

Counterfeit cash is a worry for any business. Luckily, a great money sorter can help you catch problems before they escalate. Assess any potential machine for its anti-counterfeiting features, and make sure they align with your needs. Ideally, the machine should check for at least two anti-counterfeiting measures for the best results.

Picking the right money counting machine for your business needn’t be a headache! By carefully evaluating your needs in these 4 key areas, you can quickly focus on the specs that matter most to you. No matter your budget or the size of your business, there’s an LJ International note counter to match- and our helpful team are always here to offer you help and guidance, too.