Pawn shops that offer layaway services require down payments and/or monthly payments. Pawn software also helps manage layaways. Most items are held for an average of 30 days before being put on the market. Pawn shop management systems track how long an item has been in your possession before adding it to available inventory. An item will also be sold if it is used as collateral and the loan isn’t paid back. The inventory comes from customers that sold the item outright. Unlike general retail stores, pawn shops don’t have a predefined inventory to stock. Police reports contain detailed information of the purchaser or pawner including address, scanned driver’s license, and fingerprint, as well as a description of the item.
MONEYWELL WINDOWS PDF
HI-Tech Pawn Software allows you to create pdf files for reporting. Discounting based on how long inventory has been available to improve turnover.Automated notifications to targeted customers if a wanted item is brought in or made available.This allows you to create accurate price quotes based on resale value. Integration with Google and reselling sites like eBay and Amazon.POS systems also have features unique to pawn shops including: Pawn shop software handles core point of sale functionalities like payment processing, receipting, and transaction tracking.
MONEYWELL WINDOWS VERIFICATION
Real-time check verification and fraud detection, bad check reporting, and secure check depositing. Track sellable items and layaway items, as well as items held as collateral.Īllow customers to purchase sellable items through your website. Upload and store photo ID of buyers and sellers for record keeping.Ĭollect photo identification, residence information, and merchandise information to include in the police reports. Process payments, print receipts, create price quotes, and apply discounts.
When the grace period is up, the item will be made available for purchase. Pawn shop software’s inventory management keeps track of whether or not the item is sellable and how long it has been held. After a specified period of time, if the loan is not paid back in full, the item is put up for sale. Pawn shops also have the unique challenge of holding collateral items in exchange for loans. These records will be sent as police reports to cross-check for stolen items. Pawn shops need to keep detailed records of every transaction and item brought in. Pawn shop software primarily handles point of sale, record keeping, and inventory management.
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