Stop poor currency circulation
Counterfeit money has been around as since the very beginning of the use of coined currency in ancient times. Despite the harsh penalties imposed on counterfeiters by governments throughout recorded history, the crime of counterfeiting has flourished worldwide. In fact, in the United States, the crime of counterfeiting money is on the increase. The United States Secret Service seized over $88 million in counterfeit money in the fiscal year covering the time between 2013 and 2014, which was an increase over the previous fiscal year. It is important to remember that this amount represents only the amount of counterfeit money that the Secret Service knew about and seized. There are countless millions of undetected counterfeit dollars still in circulation.
How Can I Protect My Business?
All businesses large and small are threatened by counterfeiters. Whether you are running a small mom and pop type store or a large volume retail enterprise, your business is equally susceptible to losses encountered due to receiving counterfeit money. When your business takes in counterfeit money, you take a loss for that amount of money; period. Fortunately, you do not have to be at the mercy of counterfeiters. Today, due to advances in technology, you have a wide variety of affordable counterfeit detectors to protect you from financial losses due to counterfeiters.
Counterfeit Money Detectors
When shopping for a counterfeit detectors, you need to make sure that you get a counterfeit detector that meets your business’s needs and budget. The type of detection device you need depends upon the type of business that you are operating and the volume of cash that passes through your business. There is a counterfeit detection device available to meet the needs of any business.
Small businesses such as convenience stores that deal in large amounts of relatively small cash transactions may be able to use a pen type counterfeit detector. These pen type counterfeit detectors allow cashiers to quickly scan money while the transaction is still taking place. This has two advantages: It allows the cashier to identify the phony money before the transaction is completed, and it allows the cashier to identify the potential counterfeiter and alert the authorities.
Larger businesses can buy counterfeit detection devices that are designed to process and check large amounts of cash for authenticity. These types of counterfeit detection devices are capable of quickly checking stacks bills of assorted denominations to ensure that they are legitimate.