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A Guide to Buying a Cash Drawer

Feb 4th 2020 at 10:22 PM

Although there are plenty of people claiming that cash is dying and that it will soon be totally replaced by cards and other electronic means of payment, the fact is that cash is not yet dead and will possibly won't be for a while.

Whether or not cash is ultimately phased out of use, it's important that you keep accepting cash payments in your business.

Although your company is likely to receive most of its gross revenue from methods other than cash, most personal transactions are likely to be paid out in cash.

Because of this, you need to ensure that all payment methods are accepted in your business. To do this, you should have a quality cash drawer to store all your bills and coins and organize them.

Cost

Although you may be inclined to believe that all cash drawers are the same, belief is incorrect. There are a wide variety of products and designs out there for cash drawers, and a wide range of costs to go with that.

Durability

You need to think about what kind of potential abuse it might take before you pick out the drawer you want for your business. Your cash drawer's durability is vital not only because of the eventual drops and dents it will have to contend with. But also as a deterrent to possible criminals.

Interface

There are 3 main types of cash drawer interfaces. Manually driven, serial driven, and printer driven. The compatibility with your POS system is a consideration you need to remember when selecting the cash drawer interface you wish to use.

This entire issue can be eliminated if you buy your equipment from one single vendor such as Master Distributors Inc, a one-stop Cash drawer solution in Canada.

There are a few other factors you should look into as well, such as warranty, internal storage space, and mechanical reliability. Take your time and think about what your business needs, and visit www.masterdistributors.ca for that perfect drawer.


https://masterdistributors.ca/

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