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3 Reasons for you to have a Counterfeit Detector
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Counterfeit Problems
3 Reasons to Invest in a Counterfeit Detector Machine
Counterfeit money has been a problem ever since money has been issued. In fact, it has been estimated that at times up to 1/3 of all US currency was counterfeit.
The government takes counterfeiting seriously, and has taken several measures to try to prevent counterfeit money from being created, but it is still a problem.
Here are three ways counterfeit money is becoming an increasing problem today.
1. New Technology
Today’s counterfeiters can use computer-generated counterfeiting methods, making their job much easier and faster. Computers are accessible to just about anyone, and many counterfeiters learn the trade from easy-to-access online sources. Much of the counterfeit process is public knowledge. With the statistics of counterfeit likely to increase, it’s crucial to invest in a counterfeit detector for your company.
2. No Polymer
US currency is not printed on polymer like currency in other countries; it’s printed on a mixture of linen and cotton, which is fairly easy to reproduce. The trickiest part of creating the bill is making it crisp. After that, it’s a cinch. The printing is not hard, and some counterfeiters even use regular ink jet printers.
3. Counterfeiters Go Big
Because counterfeit money is so easy to make and so hard to detect with the naked eye, counterfeiters make a lot at one time. One ex-counterfeiter talks about making fake bills in bulk and selling them by the millions. That adds a substantial amount of counterfeit money to the currency circulating at any given time. So the likelihood of stumbling upon counterfeit money at some time is pretty great. And if you are caught with counterfeit money, you’d better be able to prove that you didn’t make it. Even using counterfeit money is punishable by law.
With the ease of counterfeiting and the number of counterfeit bills in circulation on the rise, it’s important to protect yourself and your business. Counterfeit detectors will do just that. Counterfeit detector machines use various processes to scan each bill in question. They use the most up-to-date technology, and some counterfeit detector machines are able to recognize counterfeit money from several different countries.
You can check out the many types of counterfeit detectors that iTestCash has to offer. Counterfeit detectors can use either UV scanners or magnetic scanners. Some scanners today even employ magnifying lenses, along with UV scanners and other tools, to provide a better, more comprehensive detection. The type of scanner you get will depend on the type of business you have. High-risk businesses will, of course, want to have higher quality scanners.
Whatever type of detector you choose, don’t wait too long to get one. You need to protect your business.