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The 2016 and 2017 Surveys of Consumer Payment Choice: Summary Results

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person holding white Samsung Galaxy Tab

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The Surveys of Consumer Payment (SCPC), 2016 and 2017, are part of a series of annual studies that examines the payment behavior of U.S. citizens. This paper presents the SCPC’s latest editions, their content and methodology. It provides data on the adoption and use, in a month, of various payment instruments. It also gives estimates of consumers’ cash-management and banking activities. This paper reports the most important findings regarding consumer payment behavior since 2008, when the SCPC was established.

How Much Cash Can You Fly With? [Domestic & International]

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woman in black crew neck t-shirt standing beside woman in white t-shirt

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What You Need To Know
  • The USA has no restrictions on the amount of cash you can bring on domestic flights. To prevent money laundering, the cash limit for international travel to the USA (and other countries) is $10,000 USD (or an equivalent).
  • Overall, if you’re traveling with more than $10k, cash seizure isn’t likely. However, failure to declare the money or provide documentation that substantiates the cash’s origins may result in the cash being seized or penalized.
  • Here is what the U.S. The U.S. Customs and Border Protection website states: “it is legal to transport any amount of money or monetary instruments into and out of the United States.” However, anyone with more than $10,000 must file a Report of International Transportation of Currency and Monetary Instruments FinCEN Form105.
  • You can carry cash in any way you like, but taping stacks of cash between your legs or leaving cash open to the sky in a duffel bag may attract attention.

Video Guide: Is It Illegal to Travel With More Than $10,000 US Dollars in Cash?

Cash and monetary instruments are permitted on domestic flights in the United States without restriction. However, a person with a large amount of cash may be asked by the TSA to provide proof of ownership.

A law enforcement agency may be called in if the TSA feels that the money is being used for illegal purposes, such as drug trafficking or money laundering (TSA has no law enforcement powers). Discover how to fly with large sums of cash by reading more.

Limits to cash on flights

It doesn’t matter how much money you think you have—a significant sum of money in the eyes of law enforcement and security agencies. An amount substantial enough to raise the awareness of law enforcement has a lot of money in it.

A large amount of money crammed into a backpack makes it look kind of weird. To travel internationally, you must report sums of more than $10,000 on your customs form, complete out form FinCEN 105, and be prepared for probable law enforcement interviews to justify the amount of money you’re carrying.

Only after you get in the United States does it matter what your currency is worth. It doesn’t matter if you have a suitcase full of cash; you must disclose any quantity of money above $10,000 while entering the nation.

How to fly safely on planes with your cash

currency strap in suitcase

 

Don’t put the cash in your checked luggage, of course. When they’re out of your sight, too many individuals have access to them, making it nearly hard to determine who took the money if it does go missing. TSA personnel have the authority to pat down passengers who attempt to carry large amounts of cash on their person, so don’t even think about it.

Putting cash in your carry-on, locking it with a TSA-approved lock, and never letting it out of your sight is usually the best compromise.

Keep your bag of cash in your sight at all times throughout secondary (extra) screening if you’ve been selected for it. After any screening, put your money in a safe place and out of the reach of others. There is a toilet at the airport where you can put on your money belt after you have passed security.

Domestic and International travel

There are no restrictions on how much money you can bring on an international flight to or from the United States. Passengers with $10,000 or more in cash, signed personal checks, travelers’ checks, gold coins, securities, or bearer stocks must notify US customs agents when they arrive in the country. If you don’t, you risk fines or even money confiscation.

Individuals, families, and other groups are all subject to the same reporting requirements. In the case of a five-person family flying together, each group member must disclose their share of the $11,000 total. Passengers are also obliged to disclose any non-US currencies or cash over $10,000.

On the other hand, if you’re flying out of the country with a lot of cash, gold, or other valuables, make sure you know the customs rules for your final destination. Traveling with cash is subject to different rules and restrictions depending on where you are. Check those regulations and laws before you fly, and if necessary, make alternate plans before you fly.

Securing your cash

When flying with cash, you should take a few simple precautions to avoid being a victim of theft or accidentally losing your money.

  • Avoid carrying significant sums of money while on the road.
  • Keep cash in a carry-on bag if you must travel with it.
  • Checking luggage with valuables like cash, financial instruments, and precious metals is not a good idea.
  • Don’t show off your cash or other valuables to strangers!
  • Passing through a security checkpoint, keep your luggage and items in view.
  • If your carry-on luggage is required to be inspected, be sure to keep your bag in view.
  • Tell the truth if you’re asked about the quantity of money in your luggage by a TSA agent or other official.

As soon as possible, contact an airport police officer or other law enforcement representative (note that TSA agents are not law enforcement agents). If you suspect that an employee of the Transportation Security Administration (TSA) or other inspection area staff has stolen your property, contact a supervisor.

In Summary

One of the most important things to remember is that this restriction applies to the currency from all countries, not just the United States. It doesn’t matter if you’re carrying British Pounds, Euros, or any other currency because they all match the conditions above.

Keep in mind that each currency and monetary instrument is counted individually. Having $6,000 in cash on hand plus a $5,000 traveler’s check puts you over the top.

When entering the United States, members living together in a single residence must indicate on a joint or family declaration if the family’s combined income exceeds the $10,000 threshold. This family must report their assets because they are more than $4,000 for a husband and $7,000 for a lady.

How to Fix a Vending Machine Coin Change

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vending machines

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Most vending machine’s coin change are relatively easy to repair. Most have LED lights that will allow a person to know there is a problem. This light may flash and highlight part of the keypad where this is an issue. The light will flash twice if the unit is jammed. Three or four flashes indicate the machine needs to be cleaned. The owner’s manual will tell exactly what each light means (Source).

How to Repair A Vending Machine’s Coin Change

Step 1

Remove the power source from the coin charger before making any repairs. Remove the cassette on the back. You are going to need a screwdriver to remove the screws. The screws are located above the acceptor tray.

Step 2

Lift up the tray and set it aside. Disconnect the ribbon connector. Turn this over and there is a second ribbon connector. There will be color-coded cables. Detach them by pulling them out of the casing. Pull then straight out.

Step 3

Unwind the cables and remove the separator unit. This will be by the tray or the slot. The clips should be on the left-hand side. Separate them from the front of this unit.

Step 4

Find the coin acceptor slot and set it aside. The sensor that will show there is a jam should be just above this opening. Remove any dirt that has clogged it with a clean cloth. If there are coins that are stuck in the opening remove them as well.

Step 5

Put the cables back into their place and put the ribbon back. Once everything is plugged back inside the machine, plug it into the power. The Led light should be solid if the clog has been removed. If there are other issues you are going to want to check out the owner’s manual to see what the light is indicating.

If the video above didn’t work for you, check out this tutorial:

How to remove change from a vending machine

The 5 Best Cash Register Systems For Small Business [Ranked]

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Best Cash Drawer

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Choosing the best cash register
  • There are two options are available to small business owners when it comes to choosing a cash register
  • Register-based systems are available or pricier registers with point-of-sale software
  • For businesses that only need a machine to count sales, take customer payments, print receipts and store cash, cash registers are a good choice: we recommend the Sharp XEA207 Menu Based Control System Cash Register
  • A POS system does all this and more, while also offering a comprehensive suite of business management tools: we recommend the Perfect Retail Point of Sale System

Deciding between a regular register or a POS system

POS System Advantages

It enables targeted customer marketing. A POS system will allow you to collect customer email addresses; provide e-receipts; send out targeted messages based on their recent purchases; great for activating repeat business. These are things a traditional cash register can’t do.

As well, POS systems help with inventory management. A POS register system can help automate this process- you can set up low-stock alerts to your smartphone, for example.

Another intriguing feature is staff management. POS systems frequently include integrated time tracking software so your employees can clock in and out right from the POS terminals. Even more advanced, some of these systems allow you to analyze individual performance so you can figure out who’s best on the register.

Software integrations are the last great piece. You can connect your register to other systems. One way is by automating the process of adding daily sales data into accounting software. There are software integrations to connect employee hours with HR software to help make payroll easy. Here are some more advantages of a POS system.

Regular Register Advantages

A traditional cash register without POS software is great for a small business that just needs to calculate and store their takings, accept cash, check and credit card payments, and run receipts.

Plus, there are no recurring software costs with a regular register. They’re generally easier to maintain, last longer, with a smaller learning curve.

The 5 Best Cash Registers

1. The Casio PCR-T280 Electronic Cash Register

The Casio PCR-T280 is one of the best gadgets in the modern-day, with amazing features that will ensure you have an easy time handling cash in your business premises. Some of the unique features in the Casio PCR-T280 that make it amazing include the following.

At a weight of only 10.8 pounds, the Casio PCR-T280 is lightweight and highly portable. Therefore, you can easily and comfortably transport it from one place to another. Additionally, there are five department keys that you can use for quick and easy items transaction entries and in categorizing sales.

You can also use the additional 15 departments in this gadget accessible through a department shift key to provide more currency grouping in your business entity.

Moreover, the Casio PCR-T280 is equipped with 12 Price Look Ups that you can use for the provision of individual item control during sales. You can also use The Casio PCR-T280 to track sales by up to eight different operators or users by the use of the 8 Clerk Totals.

For printing customer receipts or a journal printer for recording all the activities in your store, the Casio PCR-T280 features a Quiet, High-Speed Thermal Printer. Further, there is a mode lock with key control that you can use for multiple operation positions.

During purchase, two keys are provided, i.e., OP key that you can only use for registration and PGM keys for access to all positions.

Furthermore, you can use the Casio PCR-T280 without any worries about bacterial infections, thanks to its Anti-Microbial Keyboard that will offer you protection from bacterial germs. You can also use the calculation key in the mode lock position for easy and quick mathematical calculations outside a transaction.

There is also a built-in customer display that your customers can check the transaction details before making payments. Finally, you can purchase and use the Casio PCR-T280 with confidence since a warranty backs it.

Pros and cons

Pros
  • Highly portable
  • Built-in cash drawer and receipt printer
  • Easy to use
  • Ensures the value for your money
Cons
  • It lacks tab or tip functions
  • It has no mobile or internet connectivity.

Video overview

2. The Sharp XEA207 Menu Based Control System Cash Register

There are multiple excellent cash registers brands from different companies available on the market, but the Sharp XEA207 is one of the best. The Sharp XEA207 is robust equipment with impressive sales reporting features and a professional-class 8-line operator display.

If receiving the highest quality for the best price appeals to you, this cash register is an excellent choice. Additionally, The XEA207 has a unique menu-based control mechanism that makes it a fantastic corporate option. This Sharp cash register uses thermal printing to print receipts faster and quieter than other methods. You will only require 2 1/4″ thermal paper, which must be purchased separately.

Further, there are five-coin slots and four bill compartments in the Sharp XEA207. In addition to this, It has two screens, one for the operator and the other for the consumer, to ensure that all transactions are as visible as possible.

There are 99 pre-programmed departments for distinguishing product kinds, 2500 PLUs for fast and precise data entry, and four programmable tax rates. You will not have to enter transaction amounts because it has a direct option to hardwire a credit card terminal.

Furthermore, the Sharp XEA207 offers a PC-link software tool that makes it easier to program the cash register. You can use the SD card slot in this cash drawer to backup or transfer data. Thanks to the Sharp XEA207 graphic generator, you may modify the receipts, which allows you to add logos or photos to customer receipts easily.

Finally, the Sharp XEA207, designed to work with QuickBooks Pro, allows you to integrate transactions by connecting to the accounting software.

Pros and cons

Pros
  • 3.7-inch LCD screen
  • Easy to learn and use
  • 2,500 PLU’s, 99 Depts and 25 Clerks
  • English and Spanish menus
  • Electronic journal for activity history
  • QuickBooks Pro export with PC-Link software
Cons
  • The manual it comes with is not user-friendly
Video overview

3. The Casio PCR-T2300 Electronic Cash Register

Casio is one of the renowned brands globally for manufacturing premium quality products. The PCR-T2300 is not different from its other products. First, The PCR-T2300 features a 10-line LCD that serves as an excellent reference for the current transaction, and this will help eliminate errors as much as possible.

Secondly, the cash register can show up to five things at a time, along with the transaction subtotal and the price of the latest item, and is always ready for the cashier to evaluate. Your customers are not forgotten. The PCR-T2300 features a small confirmation display with the last item’s name, price, and the transaction subtotal.

Additionally, 30 department keys on the elevated cash register can be pre-priced, and retailers can manually enter prices and classify their entry inputs. Moreover, you can use the whopping 7,000 PLUs available to track individual item sales, ideal for larger businesses.

The PCR-T2300 also features a heavy-duty metal drawer with up to five compartments for notes, and up to five compartments for coins can be found beneath it. Receipts are rapidly delivered to your customers with the use of a dual tape thermal printer, and retailers can have a hard printed journal tape for keeping a good record.

Further, The PCR-T2300 can be set to add a graphic logo to the receipts and top and bottom messages with item descriptions. For store owners who want to integrate credit, debit, and gift card transactions fully, an electronic payment device can be linked to the machine.

The time it takes to complete a transaction and the closeout procedure will be decreased in this way. Last, you can use the SD card slot in the PCR-T2300 for easy program backup and reloading.

Pros and cons

Pros
  • 30 Departments/200 Departments
  • 2-line Rear Customer LCD Display
  • 5B/5C drawer insert/4 tax rates
  • 7,00 PLUS/50 Clerks numbers
  • Seven position mode key lock
  • SD Card Slot
  • Heavy-duty metal cash drawer
Cons
  • None
Video overview

4. The Casio SE-G1SC-RD Electronic Cash Register

The SE-G1SC-RD is one of the most sophisticated cash drawers with amazing features that you can use on your premises. The SE-G1SC-RD is equipped with a thermal printer, which provides a silent operation and excellent output. There’s also the convenience of drop-in paper loading, which may be done with ease.

This cash register contains a sanitary antimicrobial keyboard and a multi-purpose tray, which helps keep the cash register environment neat. Therefore, you will not have to worry about the bacteria and germs emanating from handling money.

Additionally, the TAX PGM key is intended to make setting the tax rate easier, and an interactive menu assists with setting the current date and time. Casio designed this cash drawer with ease of use since the design allows for a quick setup of the register.

Support for 999 price look-ups is another significant feature of the SE-G1SC, ideal for stores that sell a wide range of products. Further, you can customize your receipt by adding messages, store names, or anything else you like. The SE-G1SC-RD is highly compact and employs recycled materials in the body and packaging, making it an environmentally friendly product.

Last, The SE-G1SC-RD is available in multiple colors that you can choose from to match the décor of your store easily. You can purchase and use this cash register with confidence since a warranty backs it.

Pros and cons

Pros
  • 999 PLUS/8 Clerks numbers
  • Rear Customer LCD Display with large font
  • 4B/5C drawer insert/4 tax rates
  • 8 departments/24 departments
  • Seven position mode key lock
  • Interactive setup
Cons
  • None
Video overview

5. The Sharp XEA107 Cash Register with LED Display

If you are looking for a simple designed and easy-to-use cash register for everyone, including beginners, on your premises, then The Sharp XEA107 is an excellent choice. Some of the amazing features that make The Sharp XEA107 great include the following.

First, there are eight departments, four clerk numbers, and 80 PLUs in all. The operation has been simplified for a more comfortable programming experience. Second, an external bill tray is included during purchase, and the key tops are removable for easy cleaning.

There is a media slot located on the front of the Sharp XEA107, and this allows you to deposit banknotes and cheques without lifting the coin tray. This could also help to speed up the procedure.

Moreover, The Sharp XEA107 display is relatively large, and the high contrast LED provides excellent visibility. There is no other display for the consumer for a cheap item, which is to be expected. The locking cash drawer contains two compartments for notes and coins, one with four slots and the other with five slots and a removable tray.

Pros and cons

Pros
  • Key-activated mode switch for secure operation
  • Locking cash drawer with four bills and 5-coin compartments
  • Drawer slot for quick, safe handling of bills and cheques
  • Drum printer for reliable heavy-duty use
  • 80 price look-ups for quick and accurate entry
  • Bright, large-character LED display
Cons
  • The Serial printing used on this cash drawer is relatively slow
Video overview

Buying Guide

Best Cash Drawers Buyers Guide

# 1 – Durability

Before you choose a drawer for your business, consider how much damage it might be subjected to during use. Cash drawers are classified as heavy-duty or medium-duty, according to POS Guys, based on the type and thickness of metal used in their construction. Heavy-duty drawers will be more expensive, but they will be far more resistant to dings, dents, drops, and other forms of abuse. Additionally, Medium-duty drawers will undoubtedly be less expensive, but they will be more subject to manipulation and damage.

Your cash drawer’s sturdiness is vital not only because of the inevitable drops and dents it will face but also as a deterrent to potential thieves. A cash drawer made of high-quality steel is more resistant to manipulation and forceful opening attempts. Investing in a sturdy cash drawer could mean the difference between a thief breaking it open and stealing your money and it failing and sparing you money.

# 2 – Screen type

Best Cash Drawers Buyers Guide

There are two sorts of screens on cash registers. There are Some models that have simple electronic panels that merely display the current total, while others have complex LCD screens that may display the previous product’s input. LCD screens have various benefits, such as being easier to read, but they are also more prone to errors.

# 3 – Space

Best Cash Drawers Buyers Guide

While it’s necessary to consider counter space when choosing a cash drawer, it’s a minor aspect compared to the other variables. Even so, you shouldn’t dismiss it completely because it could lead to you purchasing a cash drawer to realize you don’t have enough space to store it among your other POS equipment. If you have any shelf behind your counter, though, that space could be ideal for your cash drawer. Not only is it hidden from the view of consumers, making it more difficult for potential thieves to get it, but it also allows you to display more merchandise on your counter-top. There are a few additional small details to consider, including warranty, internal storage space, and mechanical durability. However, these concerns pale in comparison to the most important considerations.

# 4 – Common functions

black and gray digital payment device

Modern registers may record a variety of product look-ups, or PLUs, which are essentially unique codes for identifying products. This function may be critical for particular firms with a large number of items and a high reliance on it. It’s possible that having a large number of PLUs will be a deciding factor. Thermal printing is another essential feature that cash registers provide, and it may be more cost-effective in the long term than other methods such as ribbon ink.

# 5 – SD Card Slot

sd cards

The SD card slot is used to transfer data and keep a backup of the cash register. It also offers a layer of protection in the event of a malfunction or a power outage, which might render the stored information inaccessible. A cash register does not need to be connected to a computer via the USB cable while using this feature, which is useful in some situations.

Conclusion

In the modern-day, there are multiple companies and brands of cash drawers. Therefore, there are multiple brands, and the market has become crowded. This has made choosing the best cash drawers with amazing features challenging, especially if you are a beginner. Therefore, we have decided to select the best cash drawers for you to choose the brand that suits you and will make you happy.

Having prior knowledge about cash drawers is very important, especially if you want to start and run a business. Above are the best cash drawers with amazing features that will ensure you have a secure and comfortable experience when handling money on your premises.

The 5 Best Coin Sorter Machines [Ranked]

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The 5 Best Coin Sorters Review

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Choosing a good coin sorter
  • Some buying considerations- figure out what denominations and currencies you need to count- anything uncommon? You need to check the machine’s compatibility.
  • How often are you using it? If you’re just rolling up spare change, you can get a simple hand-cranked machine. If this is for a retail operation- go for a professional device that has a higher capacity and speed like the Cassida C300.
  • Our favorite electric coin sorter is the Royal Sovereign Electric Coin Sorter, it’s a great electric sorter that isn’t quite a commercial-grade sorter. It includes a removable bottom catch tray so you can reload the hopper with the coins that don’t get into the wrappers or whenever the wrappers overflow.
  • It’s also easy to remove the entire bottom section to extract the tubes with the wrappers in them as they fill up so you replace them. Every so often a penny might fall into the nickel slot- but overall it’s close to 100% accurate.
  • If you’re looking for more of a value buy, there’s the hand-cranked Royal Sovereign Manual Hand Crank Coin Sorter.
  • One buyer we spoke with says that they roll up about $100 a week worth of coins with the Royal Sovereign hand crank sorter. You have to be careful you don’t feed it unorthodox coins like a Susan B Anthony penny, or if you load it too fast. But it’s not hard to disassemble to remove jams.

These days, it is easier to use a coin sorter for money exchange at your bank than finding a functional Coinstar system. You can save time and space by sorting all your coins before you go to the bank.

If you don’t have a coin sorter, there are many types available at a wide range of prices. Some people like using a coin sorter because it helps them keep track of their spare change, which they may otherwise spend on something else with cash. Maybe even load up on a Delivery.com gift card for birthdays and Christmas.

Some people may prefer to keep their coins in jars or cans for personal reasons, but sorting them into cash denominations is definitely a lot more convenient.

How does a coin rolling sorter work?

The machine usually has a hopper on top where all the coins are poured in to sort these coins. The coins then go through a roller system that uses centrifugal force to separate different coins based on their weight. A coin sorter can be used to sort the coins in different categories such as copper, silver and gold; or to sort these coins depending on their value. You will find various coin sorter reviews that will give you a clear picture of choosing the best coin sorting machine for your business.

Buying Guide

Tips on how to choose the best coin sorter

To choose the best coin sorting machine, you have to consider various factors such as how big your business is, the number of coins you are dealing with, and the frequency of usage. Here are some valuable tips that can help you choose the suitable coin sorter for your business:

Check whether the machine allows user input

This means that you can type in the value of each coin. This is very helpful, especially if you are dealing with coins from different countries with different currency values.

Check whether the machine is accurate

Accuracy is one of the main factors to consider when choosing these machines, as using an inaccurately priced machine will only cause you more problems than the benefits they give.

Make sure that the machine is durable

This means that it must be made of high-quality materials to prevent any breakdowns in the future, especially if you are going to use this often. A warranty comes in handy to guarantee that the sorting machine will last you for a long.

Check the speed of sorting

As I have mentioned earlier, these machines are mainly used to save time, especially if you do this job manually. Therefore, they must be fast enough to do their job and not create more problems along the way.

Coin compatibility

Coin compatibility

Depending on the type of coins that you are dealing with, you have to consider coin compatibility. If you are dealing with different kinds of coins, then this means that the machine has to be compatible with all these coins to sort them out quickly.

The best coin sorter should be able to work automatically by detecting the value of the coins that you will sort out. It must pick up a particular coin mixture and give an exact value or category for sorting without any problems.

Coin Capacity

The machine’s capacity varies from one model to another based on its design, size and shape. Also, take into consideration the volume of coins that you usually need to sort. As you can see in the coin sorter reviews, some models are suitable for small coins, while others can work on massive volumes of coins at once.

Therefore, please choose a model that is fast and has a high capacity so it can give you great value for your money.

The 5 Best Coin Sorting Machines

1. The Row Electric Coin Counter with Patented Anti-Jam Technology and Digital Counting Display

The Row electric coin counter is one of the best machines to use to sort coins. It has a patented anti-jam technology that prevents any jamming of the machine while counting your coins, which means that you will not have any problems at all.

This machine can also sort different types of currencies, including tokens, silver coins, and gold coins. This machine is very accurate in counting your coins, as you will find on various coin sorter reviews.

Although this machine has a digital display, it only displays the total count of all your coins which may not be suitable for everybody. This machine is also very cheap, making it more affordable than most other machines, so you do not have to worry about breaking your bank.

Pros:

  • The Row electric coin counter has a patented anti-jam technology that prevents any jamming as it sorts the coins.
  • This coin sorter has high-quality materials to make sure that you get value for your money.
  • This machine is very accurate.

Cons:

  • It doesn’t provide you with detailed information regarding your coins. You get the total count for all your coins which may not be suitable for everybody.

Video overview

2. Cassida C300 Professional USD Coin Counter, Sorter and Wrapper/Roller

The Cassida C300 professional coin counter is an excellent machine that can count up to 30 coins per second. The sorter only takes about 4 seconds to get the accurate value of your coins which is very impressive. It also comes with a “no jam” technology that prevents jams from occurring while it sorts your coins, making it one of the best machines for your money.

The machine can also sort different types of coins, including tokens, silver coins, and gold coins, making it an excellent choice for value for your money. As if all the features aren’t enough, this coin counter has automatic sensor detection along with an LED display, so you will always know exactly what is going on.

Pros:

  • The Cassida C300 professional coin counter can sort different coins, which is an excellent feature.
  • It has a “no jam” technology that prevents jams from occurring while it sorts your coins.
  • This machine is very accurate.

Cons:

  • The machine is a bit expensive

Video overview

3. The Ribao HCS-3300 High-Speed Coin Counter, Heavy Duty Bank Grade Coin Sorter

The Ribao HCS-3300 is another excellent machine for coin sorting because of all the features that it comes with. It has a heavy-duty design which means it can handle different types of coins without breaking down.

So this is perfect for anybody who is in the business of coin sorting. It can sort coins up to 200 times per minute, which means you will get your results in no time at all.

The Ribao HCS-3300 also has an automatic reset function, so when it senses that there are foreign materials inside, it resets itself immediately to work again without any problems.

The machine also has a self-diagnostic feature which means that it can detect any issues with the buttons or sensors to prevent any problems after you buy it.

The other outstanding quality you will enjoy on this coin sorter is the large and wide hopper that allows you to add many coins at once.

Pros:

  • It is designed to be very durable, which means that it can handle different coins.
  • It is very accurate when it comes to counting your coins.
  • It comes with a 2-year warranty for quality assurance

Cons:

  • Adjusting the controller of this coin sorter is relatively easy, a complaint that most customers have raised.

Video overview

4. Ribao CS-10S High-Speed Portable Coin Counter and Sorter

This is another quality coin sorter from the Robao CS series. This machine can sort coins about 100 to 150 times per minute which is very impressive. The Ribao CS-10S also weighs around 13 pounds, making it perfect for easy transportation, so you can consistently count your coins without any hassles from different locations.

This machine can detect foreign objects to prevent them from mixing up with the coins and jamming the machine. With the large hopper, you won’t have to count your coins one by one, making counting your coins much more straightforward.

The speed is another recommendable feature that stands out on this machine since it can sort up to 1800 coins in a minute.

Pros:

  • This is a very durable machine since it’s made of stainless steel, making it perfect even for outdoor use.
  • The Ribao CS-10S is an excellent choice because of all the features that come with this model.
  • This coin sorter can easily detect foreign materials, so you won’t have to worry about jams.

Cons:

  • Finding the spare parts of this coin sorting machine is complex, plus they are costly to buy.

Video overview

5. The Kolibri KCS-2000 Professional USD Coin Counter, Sorter and Wrapper/Roller

This is another excellent coin sorter that you will love because of the features it has to offer. This machine can sort your coins about 150 times per minute which means you will get your results in no time.

The Kolibri KCS-2000 also has a standalone wrapper that is very convenient to use as you can easily roll your coins for storage.

The machine has a large hopper, which allows you to add more coins at once, and it also includes an automatic reset function if there are any foreign materials detected inside of the coin sorter.

This is a very durable machine that is made of solid steel and weighs about 12 pounds. The hopper capacity is up to 2000, and the device can sort up to 220 coins in a minute.

Pros:

  • The Kolibri KCS-2000 is an excellent choice because of all the features it possesses
  • It comes with a large hopper which allows you to add more coins at once without any problems
  • This coin sorter has an extra-large removable tray that makes counting your coins more convenient

Cons:

  • You can easily adjust the settings of the coin sorter, but there is currently no instruction manual as to how you should do it, making it a little complicated.
  • It is only suitable for USD coins

Video overview

FAQs

Q: Can I order these machines online?

Yes, all of these machines are readily available online at affordable prices. You can also choose to look in local shops or your area, but they may not have a variety of coin sorters, so you will be restricted with what you can choose from. You can also read various coin sorter reviews online before you make a purchase.

Q: How do you sort the coins?

Once you have purchased your machine, you need to pour in all your coins and wait until they are sorted by the device automatically. The sorting process usually takes about 5 minutes, depending on how many coins you have. If you run a small business and use a cash register, a coin sorter is great to deal with all the change you take in during the course of business operations.

Q: Can I use these machines to sort other things?

Yes, there are different types of coin sorters that you can choose from depending on the type of material that you need it for. You can find a machine sorting balls, marbles and even screws if this is what you need. Just make sure that your selection process is accurate so that you can get the most out of your machine.

Conclusion

To sum it up, there are many coin sorters on the market, but not all of them are worth spending your hard-earned money on. We have shown you some of the best coin sorters in the industry so you can make an informed decision before buying one. Investing in the best coin sorter will provide your business with an excellent return of investment. So choose one from our reviews.

The 5 Best UV Sanitizers For Sterilizing Cash [Ranked]

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The Best UV Sanitizer (For Sterilizing Cash) Review

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So how do you go about disinfecting money?
  • If you want to disinfect large amounts of cash, we recommend a disinfectant cabinet.
  • If you want to disinfect smaller amounts of cash, we recommend the BabyFeel UV sanitizer. There are different length cycles and it’s large enough to accommodate more items than the more common phone UV sanitizers, while still fitting snugly on a kitchen counter.
  • There are several different types of UV light and they’re categorized by how much energy they have: UVC light is the specific type of UV light that’s most powerful at killing germs (Source).
  • UVC works by killing germs by damaging molecules like nucleic acids and proteins and therefore disabling viruses and bacteria (Source).
  • UVC light can effectively kill all the germs on cash- its important to note that the fake UVC lamps that have been flooding the market ever since COVID don’t emit the correct spectrum to protect against microbes.
  • Word of warning- ‘laundering’ your cash in a washing machine can make your money appear clean, but it can also damage its security features. (Here are some ways to sanitize money)
  • Detergents and hot water can cause cash to reflect light differently, which currency-counting machines will detect. Banks will shred washed cash.
  • Because cash is so heavily trafficked, it gets coated with gross microbiomes.
  • An analysis of $1 bills from New York revealed 397 different bacterial species (Source). Researchers in Switzerland discovered that the virus can survive for as long as 12 days if it is smeared with mucus from children who have the flu. 95% of currency samples from Washington were found to contain traces of cocaine. In Macao, 98% contained ketamine.

UV sanitization has been a standard method used to sterilize surfaces for several decades. In recent years, UV lamps using germicidal lights have become more readily accessible and popular in places such as; spas, gyms, daycare centers, medical offices, hotel rooms, and other public areas. This means that you can use these sterilizers to eliminate germs and bacteria from tangible commodities like cash, credit cards, phones, keys, and so on.

The five best UV sanitizers for sterilizing cash

1. The BabyFeel UV Light Sanitizer UV Sterilizer Box

The fact that this sterilizer is safe for sanitizing anything from Phones, Keys, Credit Cards, Wallets and more, makes it one of our top selections for sterilizing cash. Its compact size allows it to be placed anywhere without taking up too much space.

The sanitizer has an easy-to-push-button operation making it convenient for people of all ages to use. It has a LED indicator light that lets you know when the sterilizer is running.

It can be used in rooms and on countertops and tables, as it needs only 60 seconds to sanitize items that are 100% germ-free.

It is easy to use and works on the simple principle that germs, bacteria, and other microorganisms are sensitive to ultraviolet (UV) rays. The UV Sterilizing Box uses a germicidal UV light bulb that emits short-wave ultraviolet rays that destroy microorganisms in minutes without chemical sprays or cleaners.

Pros:

  • Gets rid of germs in seconds without chemicals
  • Portable and easy to use anywhere, anytime
  • Can be used on any surface that needs sterilizing

Cons:

  • Some people may find it difficult to push the button because it is located at the bottom. The light also has a separate switch where you need to turn it on to use it.

Video overview

2.HomeSoap UV Sanitizer | Patented & Clinically Proven 360 Degree UV Light Disinfector

Do you need a cash sanitizer kit that you can tag along when traveling? Get this fantastic kit from Homesoap UV Sanitizer. It is a patented and clinically proven 360 degrees UV light disinfector that you can use to clean phones, wallets, keys, and all the items you need to be sanitized. It comes with two UV sterilizers which can be used for different purposes.

This compact gadget has a powerful UVC bulb that emits ultraviolet rays, which will destroy microorganisms in a matter of seconds. The best part is; its no-contact design makes it safe to use with food, drinks, and anything that you need sanitizing.

It has an LED indicator light that tells you when the sterilizer is on, so you don’t need to worry about turning it on or off. This UVC disinfector comes with a convenient travel pouch that allows you to carry it with you while traveling.

It is ideal for public places such as restaurant tables, waiting counters, airport check-in counters, and more.

Pros:

  • It has no contact design, which makes it easy to use without touching anything that needs to be sterilized
  • Compact size allows it to be carried around
  • It is easy to operate and has an LED indicator light

Cons:

  • The power button is located on the gadget’s back; therefore, it might require a little more effort in turning off or on. Also, if you need to use both at once, you will have to turn one off while using the other because they share the same power switch.

Video overview

3. The DuoLuxe UV Light Sanitizer Box

The DuoLuxe UV Light Sanitizer Box is an easy-to-use gadget that keeps your money and other essentials sanitized at all times. Its portable design allows you to carry it around without taking up too much space quickly. It uses UV light to clean any surface that needs sterilizing, including money, phones, gadgets, and more.

This powerful LED light sterilizer is built with high-quality materials making it very safe and effective for intensive use. The best part is; it has a 360-degree lamp head that provides broad sterilizing coverage, and you can also choose between 45 seconds or 90 seconds to sanitize. It has an LCD screen that tells you when the sterilizing process is going on or in standby mode.

This UV sanitizer wipes out 99.9% of all germs and bacteria without using any chemicals, making it a perfect choice for homes with pets and small children who put everything in their mouths. It is also ideal for sanitizing money because most people ignore the area they place their money on.

As mentioned earlier, it is an all-around sanitizer that can be used on any surface, including keyboards, game consoles, doorknobs, and more. You can use this for sterilizing your cash without having to worry about harmful chemicals touching your skin.

Pros:

  • It is safe for health because it does not use any chemicals
  • It is easy to carry around since it is small and has a handle at the top for carrying convenience

Cons:

  • Although it has an LCD screen, there is no indication of what percentage of sterilizing is being done. Therefore, you might have to flip through several times to make sure your items are entirely fixed.

Video overview

4. The Discover It UV Light Sanitizer Sterilization System

Make sure the cash you transact at your business is well sterilized immediately. A customer hands it over, or you hand it over to your customers with this excellent sterilizer box. It is the best UV sanitizer for sterilizing cash and comes with a great design that makes it easy to use.

This UV Light Sanitizer Sterilization System uses high-powered germicidal UVC light that can eliminate up to 99.9% of all bacteria, viruses, and other microorganisms from any surface.

It has an energy-saving design where the system will automatically turn itself off after it has gone through one cycle. This means you can leave it switched on without worrying about power consumption.

It uses 650nm wavelength to protect health and clean all surfaces that come into contact, including cash, credit cards, keyboards, doorknobs, and more. It has a 360-degree lamp head that provides sanitizing coverage and can be used without worrying where to aim the light.

Pros:

  • It has a great design that makes it easy to use
  • It is sturdy and performs consistently for long

Cons:

  • This box will take up more space if you want to carry it around, and it doesn’t come with a handle which can be uncomfortable to carry

Video overview

5. The Home Code UV Wireless Sanitizer Box

The HOME CODE UV sanitizer box is a portable device with a modern design that can eliminate bacteria quickly and will keep your money free of germs. It uses high-powered germicidal UV light to destroy microorganisms without using any chemicals.

This is an all-in-one sterilizing box that functions as a wireless charger, essential oil diffuser, and UV sanitizer. It has an auto-off function that ensures it is energy-saving and will automatically shut down when the sterilizing cycle is complete.

Pros

  • It can be used to sterilize your cash, smartphone screen, and other surfaces
  • The sanitizer works great for germicidal activities

Cons:

  • It takes up more space since it doesn’t have a handle

Video overview

How do the sterilizers work?

UV sterilization is the process of coating surfaces with ultraviolet (UV) light, which can destroy harmful microorganisms that accumulate on these surfaces.

Purchase Considerations

Coin compatibility

UV sterilizers and lights can be purchased online or at a local retail store for disinfectant and sanitation purposes. They cost anywhere from $30 to several hundred dollars, depending on the product’s capabilities, size, and quality. Some factors you should consider while purchasing UV lights include:

Price:

High-quality germicidal lamps typically cost more than standard lights. So, if your budget allows, it is always good to go with advanced sterilizer kits. However, make sure it has all the necessary features to kill most germs and bacteria.

Size:

Research the dimensions of the lamp you are purchasing to make sure it will fit money, especially if you need it for a business area use

Coverage Area:

Ensure the UV light is sufficient for reaching every surface area that needs disinfecting.

Colour Temperature:

Lower quality lamps produce yellow or white light, whereas high-quality germicidal lights emit blue light.

Quality:

Sometimes the quality of the product can be determined by its warranty, which should include at least one year. Working with an experienced sales representative is also helpful for determining which germicidal lamp will best suit your needs.

FAQs

Banknotes Serial Numbers

Q: What is ultraviolet light?

Ultraviolet light, also known as UV light, is a type of electromagnetic radiation. It is divided into three categories: UVA (long-wave), UVB (medium-wave), and UVC (short-wave).

Q: Why does ultraviolet light work to destroy microorganisms?

The wavelength of germicidal light is short enough to penetrate through certain items, including human tissue. Once it reaches the microorganisms, its energy damages cell nucleic acids and proteins – either rendering the microorganism inactive or eradicating it.

Q: Who can benefit from UV sterilizer devices?

People who work in public places such as; daycare workers, spa employees, medical workers, and shopkeepers.

Q: Are there any health risks associated with UV lights?

How to clean coins

The level of exposure to harmful UV rays depends on the length of time a person is exposed to the light. It is generally not considered a significant risk in most public settings. However, people who are sensitive to light should take extra precautions when using germicidal lights.

Q: How should UV sterilizer kits be used?

Germicidal lamps should be cleaned before and after each use to prevent the light from fading or burning out. They should also be turned on one hour before regular service to ensure proper function. After common usage, they should be turned off until the subsequent use to prevent heat damage.

Q: What types of surfaces should best UV sanitizer for sterilizing cash not be exposed to germicidal lights?

The lights should typically not be used on surfaces sensitive to high temperatures, such as plastic and certain fabrics. They should also not be used in living areas since the UV rays can damage eyes, skin, and lungs.

Q: If germicidal lights are not maintained properly, do they become less effective?

lightsource

Yes. UV lights that become clogged or damaged by cleaning solution will emit fewer UV rays and may be rendered useless. Even new lamps can contain impurities that reduce the level of germicidal exposure, so proper maintenance is imperative to maintain sanitizing capabilities.

Conclusion

You can now use the best UV sanitizer for sterilizing cash with excellent efficiency without worrying about any chemicals coming into contact with your skin. This is very useful, especially if you are working at a place with lots of customers daily.

The UV sanitizer for sterilizing cash has made it possible to cleanse money, surfaces, and other items safely without worrying about chemicals or germs. You can now switch between different modes conveniently with this wireless charging box. So, check our top five reviews to choose the proper money sanitizer for your personal or business use.

Marked Bills: How Does The Government Track This Money?

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marked bill

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  • When the government wants to mark and track currency, these bills have invisible markings, thanks to UV ink technology. These UV markings can be detected by reliable counterfeit bill detectors and pens.
  • This ensures accurate counterfeit detection since counterfeit $20s and $100s are much more common than people think. After bills have been marked, the serial numbers are recorded.
  • A list of serial numbers for all marked bills will be available to law enforcement to help them crackdown on illicit activities.
  • It is possible that marked bills may enter the banking system. If they do, they could be scanned by any federal reserve bank. This will allow police to trace the last time the money was used. It will be difficult to trace the exact person who has deposited the marked bills once they have been deposited.

What’s A Marked Bill Look Like

The government tracks marked bills for security reasons. The ink can be scanned with an infrared beam to detect its unique chemical signature. The ink is also magnetic so that the pen can be detected when it’s used to write on a metal surface.

Many people wonder why the government would bother tracking marked bills. The answer is because it provides them with clues to money laundering or other kinds of illegal activity.

Tracking these bills allows the government to find the owner of the bill and make sure he pays all taxes owed to them.

This is also a way for law enforcement agencies to be aware if they are using counterfeit currency, which can lead them to more serious crimes like weapons smuggling or terrorism funding.

Among the things that we interact with on a daily basis is cash. However, not many people are aware that each and every dollar you use is tracked.

Tracking your cash is not a thing for the majority of citizens to have worries about, since it only pertains to illegal activities. One of the most popular ways used to the path down noticeable dollar bills is by the use of UV marks and noting of the serial numbers these bills have. Among the questions this article handles include;

  1. what is a marked bill
  2. what does marked money look like

The article will also discuss how we can track our money by the use of a dollar serial number tracker.

What is a Marked bill and why would the government track them?

Marking is a special tactic used by the police to identify and trace back money to people who are taking part in illegal operations, such as bank robbers. The special markings placed on the dollar bills are too small to be visible to the naked eye. An example of marking is the use of UV ink technology.

The dependable counterfeit bill indicators can notice these UV marks, ensuring an accurate fake detection always since counterfeited cash is a much bigger prevalent problem contrary to what many might be thinking.

Once they have been marked, the serial number of the bills are documented. When a criminal is caught with robbed banknotes, checking of the serial number is done by observing at the compiled list of all these serial numbers of the marked bills, which makes it simpler for law enforcement to crack down on any unlawful operations.

Additionally, there is a possibility that when the marked bills have entered the bank system, they undergo scanning if they force their way into any of the available Federal Reserve banks, allowing law enforcers to track down where this money was last used. However, once the depositing of the money is done, determining the actual person who deposited these marked bills will be very difficult.

How the bills are tracked down

Initiatives such as wheresgeorge.com have been created with the courtesy of the internet. The entire project is centered on tracking $1 bills and the whole journey these notes undergo as they enter different zip codes and states. Though such projects might seem insensible to many, they play a crucial role in the provision of visual evidence depicting the flow of currency.

Wheresgeorge.com is not the lone website that serves this purpose and it is not a new thing to have the ability to track different used currencies such as Canadian dollars and euros on EuroBillTracker.com or where’s Willy?

As mentioned, such websites have great reliance on people to offer information crucial for them in the money tracking process. As bills keep on changing hands and traveling across different cities, their current locations are uploaded to the money tracking websites. Hence steadily raising the tracking history of these notes.

As the notes come into contact with more people, more data is entered into the systems.

After successfully logging into the websites for the relevant currencies, you are required to enter the serial number of your banknotes, as they have been written on the left side of your US dollar bill.

In summary

silver and gold round coins in box

Understanding the whole jargon involved in the tracking of dollar bills by government organizations in an attempt to curb malicious activities is very important since it helps one comprehend how the government and the relevant arms in the treasury follow up on crime.

However, most people are arrogant on such information since they believe that it does not concern their daily lives in any way, in simpler words, they find this information of less importance in their lives.

However, you are supposed to ensure that you have understood the operation of such money-related crimes and the tracking of currency to avoid and curb crime. With the availability of the internet to explain for you clearly how all these operations are done, you cannot afford to be arrogant in any way.

Are Wire Transfers Over $1,0000 Reported To The IRS?

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white printed irs documents

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Well, are wire transfers over $10,000 actually reported to the IRS?
  • Officially, Federal law requires that cash transactions exceeding $10,000 must be reported by filing IRS form 8300 PDF Report of Cash Payments Above $10,000 Received in Trade or Business (Source).
  • Unofficially, according to a Reddit user, the IRS reporting rules can be triggered by cash transfers between two parties. If you are transferring funds between two accounts, it should not be a problem. However, is another person putting money into your account?
  • The $10k threshold is not an exception. It’s possible to avoid it by using a series of smaller transfers, but it’s still supposed to be reported.
  • All “suspicious activities” must be reported, even though they may not meet the threshold. The rules are pretty unclear…as usual. It is supposed to be about checks or cash, but ACH wire transfers and wires are not considered checks or cash.
  • However, businesses that are concerned about money laundering may do more than what is required to stay above aboard

Video: Are wire transfers over $10,000 reported to the IRS?

As a rule, single cash and check deposits that are over $10,000 should be reported to the IRS. When you are in the process of making these deposits, your bank will require you to fill out and file IRS form 8300.

But are the wire transfers over $10,000 recounted to the IRS? Simple the answer to this question is yes, wire transfers above $10,000 should be reported to the IRS. To learn more about this type of declaration, penalties imposed upon failure to report amount or any amount higher than this, and tax implications, you are encouraged to read more here.

Circumstances that require reporting wire transfers to the IRS

How to Show Proof of Income If Paid In Cash

Wire transfers can be said to be convenient and reliable ways to ensure a quick transfer of money both internationally and locally.

Though there are some other international money transfer tools that are reliable, wire transfers can be said to be familiar with most people, especially when money is required to be sent overseas, because these channels depend on the security of reputable financial establishments.

However, the IRS’s eyebrows will always be raised by the large amounts of money transacted through wire transfers from overseas. Although it is legal to send or receive large sums of money to foreign nations, the United States government has made laws that call for the reporting of such funds to an establishment known as the International Revenue Service (IRS) as one of the protective measures.

The law has been put in place to protect the government’s interest as well as you.

Deposits of 10,000 dollars and more

Ten Thousand Dollar Bill

In general, financial institutions and banks are required by the law to report all financial transactions exceeding $10,000. Furthermore, all transactions of any amount of money that arouses their curiosity should be reported.

The international money transfer reporting maximum is also applicable to other money transfer services, which include e-wallet firms and massive international banking and other financial institutions. Furthermore, some of the money transfer services that specialize solely in the sending of money between countries of high risk can sometimes be given reporting limits of lower than $1,000.

It is also crucial to note that you should report any associated wire transfers made within a day of each other that totals$10,000 and more. Within a year from a single sender. These transactions must be reported to the IRS by the use of the 8300 form.

This law is applicable to individuals, financial institutions, organizations, and any other legal entities. Although this international money transfer reporting limit was established originally to aid the IRS in identifying potential money laundering schemes done by criminals, the law is nowadays applicable to any person making huge deposits exceeding this set limit.

Other reasons why your cash transactions may be reported to the IRS

currency strap in suitcase

1. Suspicious activities

According to federal law, money transfer entities and banks should immediately report any suspicious activities in any of their operating accounts to the IRS. However, this law has been applicable to any amount that totals $10,000 or more. Additionally, money transfer institutions and banks are always free to report to the IRS all the transactions they find suspicious.

According to IRS, a cash transaction is considered suspicious when:

  1. A person attempts to stop a money transfer institution or a bank from completely filing the Form 8300
  2. A person attempts to make a money transfer institution or bank incompletely fill the form 8300 or fill it incorrectly.
  3. There appears some signs of any potential illegal operations

To report any suspicious activities, a money transfer company or bank can countercheck the “suspicious transaction” box available on the top part of the form 8300, or make a call to the Criminal Investigation phone number.

The bank or financial institution can also call the local IRS Criminal Investigation Department to report suspicious transactions.

2. Audit

If you face regular auditing by the IRS, your money transfer service provider, or bank should submit well-organized reports concerning your bank according to the law. Though IRS requires the bank or financial institution to report the current activities that might be taking place in the account, at times, they may ask for details of some particular transactions.

What you are required to include in an IRS money transfer report

According to the law, money transfer companies, financial institutions, and banks should include all the following specifics in their money transfer reports:

  • Recipient’s contact information and full names
  • The sender’s contact information and their full names.
  • The recipient’s financial details, with the inclusion of the SWIFT code when a bank wire transfer is to be performed.
  • The details of the recipient with the inclusion of the account number
  • The amount of money they have received

This form is supposed to be filled in 15 days of one single transaction or the previous deposit in the same sequence of deposits.

The cash transfer company or the bank receiving the deposits should report the involved amounts to the IRS with failure to which it will be taken to be a contravention of the law.

Additionally, it is considered illegal for a person with $10,000 or more to attempt to break this amount into smaller amounts and do the deposits during different periods of the year just to avoid being detected.

Types of wire transfer

1. Domestic Wire Transfers

A domestic wire transfer involves any type of wire payment taking place between two different institutions or banks within the same country. Domestic Wire Transfers can either be intra or inter-bank. The senders of the money will require the recipient’s branch number or a code when they are executing a transaction.

The wire transactions are generally processed on the same day they are initiated and the recipient can receive the money within a few hours because a domestic wire transfer requires to go through a domestic Automated Clearing House and its delivery can be done within a day.

2. International Wire transfers

International wire transfers are those transfers initiated within one country and settled in another. The senders are required to initiate the international transfers even when the recipient in another country has an account at the same banking institution as the sender. These transactions require a SWIFT code or routing.

The wire transfers done internationally are delivered within 2 days. The extra one day is required because international wires are bound to clear a domestic ACH and its foreign equivalent.

How to Sanitize Money: [Disinfect Germs!]

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How to Sanitize Money: Reduce the Risk of COVID-19

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How To Disinfect Money
  1. Soap and water
  2. Vinegar & water
  3. Hand sanizier
  4. UV sanitizing machine

Money is the most touched object in our lives, and it touches millions of hands and surfaces every day. However, we don’t take care of it enough. The more we wash our hands, the more we should also clean money from germs.

If you are reading this, then you are probably aware of the existence of germs.

You might be wondering why it is important to clean cash from these germs. One reason is that it helps prevent the spread of illness and disease.

When someone touches an infected surface, they can transfer their germs to the next surface they come in contact with (such as money).

If someone sick touches money, it can make them ill again or make other people ill when they touch that money.

How to Sanitize Your Paper Money to Reduce the Risk of Infection (Can You Wash Money?)

Cleaning money is an essential factor in reducing the risk of COVID-19 and other infections. This may seem like a lot, but it’s actually pretty easy and only takes minutes—the cleaner the money, the less chance of getting COVID-19.

How to clean coins

How to clean coins

  1. Using soap and water: mix a bowl of soapy water. Place the coins in the mixture for about five minutes, then remove them from the solution with clean hands, rinse off excess cleaner using warm tap water, dry them thoroughly before storing them away.
  2. Using vinegar/water: place your dirty coin into a glass or plastic container filled with white distilled vinegar or rubbing alcohol (enough to cover each coin) and let it sit overnight. Remove carefully without removing any dirt on top of the coin by rinsing under hot running water and patting dry with a paper towel. If you have very stubborn grime on yours, use baking soda paste made out of one part baking soda and three parts hydrogen peroxide – apply with a q-tip and let sit for a minute.
  3. Using hand sanitizer: place your dirty coin into a glass or plastic container filled with hand sanitizer, then shake the mixture until each side is coated. Remove carefully without removing any dirt on top of the coin by rinsing under hot running water and patting dry with a paper towel. If you have very stubborn grime on yours, use baking soda paste made out of one part baking soda and three parts hydrogen peroxide – apply with a q-tip and let sit for a minute.

If none of these methods works to clean coins, try soaking them in equal parts dishwashing soap, salt & lemon juice mixed overnight – lift from solution using a slotted spoon and rinse in water before drying with a paper towel.

How to clean banknotes using alcohol or disinfectant wipes

  • Take a damp cloth and wet it with alcohol or disinfectant wipes. Make sure that the material is not too saturated, as this could damage the banknotes
  • Carefully clean all parts of each note: front and back and both sides (if applicable). Be careful to avoid tearing it.
  • Finally, dry off any excess fluid from your notes with a soft towel so they can be used immediately.

Note: do not place money in a washing machine as this may result in damage such as tears, creases, and rips on notes.

If you have stubborn dirt stains, try using baking soda paste made out of one part baking soda and three parts hydrogen peroxide – apply with a q-tip and let sit for a minute.

You can also ask at any supermarket if they offer coin cleaning services free of charge since some stores do provide them specifically to get coins ready for resale (for a fee).

How to dry wet notes:

  • Place a dry towel in the bottom of a microwave oven.
  • Lay wet notes on top of a towel and cover with another dry towel to prevent any possible damage from occurring due to high heat; this includes scorching or singeing bills!
  • Heat for 30 seconds at a time until all moisture is gone – do not overheat as it may cause further damage! If you have stubborn dirt stains, try using baking soda paste made out of one part baking soda and three parts hydrogen peroxide – apply with a q-tip and let sit for a minute before drying again.

Note: never put money directly into the microwave without covering them up first because different denominations will react differently when exposed to heat or radiation (such as zebra notes)!

  • Allow cooling before handling.

Money should be dried as soon as possible after getting wet because the longer they stay damp, the more likely it is for them to pick up dirt and other residues from being handled!

If you have any stubborn marks or stains on banknotes, try using a mixture of coconut oil with baking soda made into a paste – gently rub onto the stain until removed, then rinse under warm tap water and pat dry with a paper towel.

In Summary

When you buy things with cash, it’s challenging for merchants or banks to trace where that money comes from. With COVID-19 continuing to be a devastating pandemic, you might want to take some extra care while handling the money.

Washing out hands won’t be enough. Cash is still in circulation, and you will have to come across some in one way or another. So, how do you sanitize the money to reduce the risk of getting exposed to COVID-19? This post discusses the few steps you can follow:

The last thing you want to do is spread germs and diseases by handling dirty or wet money, so make sure they are clean before putting them back into circulation!

Most of the methods for sanitizing coins and banknotes can quickly be done at home using everyday household items like baking soda, vinegar, hand soap/sanitizer, and even vodka!

If none of these work, visit your local supermarket or coin dealer for professional services that will not damage but properly clean all denominations. With some patience and time, nearly any type of currency can be restored to mint condition, making it look as good as new again once dried off. One last bit of advice, you’ll want to use some currency straps to band up your money and a money counting machine to count up your cash to keep it organized!

How to Show Proof of Income If Paid In Cash: 5 Ways

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How to Show Proof of Income If Paid In Cash

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Ways To Show Proof Of Income If Paid In Cash

Use the following to prove that cash is income:

  • Invoices
  • Statements on taxes
  • Official letters from the people who pay you or agencies that contract with you or your services
  • Keep a duplicate receipt ledger. Give one to each customer, and keep one for your records.

Use the following to prove cash was not income:

  • Notes from the people who gave cash
  • Inheritance documents require attorney documents
  • Lettered/receipt form situations, such as lottery winnings or casino winnings. (Source)

There are many challenges with getting paid in cash. It can be hard to track how much money has been made, it might be difficult to spend the cash in the correct way, and for freelancers who are self-employed it can be difficult to calculate their income. In addition, it gets more tricky when it comes to reporting to the IRS.

Ultimately, when it comes to getting paid for your work in cash there are many advantages and disadvantages.

There are lots of people in the world who work for cash. Working for “cash,” means they get paid under the table, with no payment through a bank or other financial institution.

Sometimes the reason is to avoid taxes. However, there are many reasons why you would want to prove that you’ve been paid cash. Many people will need this proof if they apply for a loan or settle an estate.

In some circumstances, having proof of cash income can be a matter of life and death. For example, if you’re sick and applying for disability, you may make the difference between qualifying and getting a loan instead of not being able to get one at all. In other circumstances, having proof of cash income can make the difference between receiving a settlement in full and receiving only pennies on the dollar.

Here’s how to prove that you’ve been paid cash:

Letter from employer

Have your employer or client write you a signed letter stating that they’ve paid you. Make sure to ask them when they’ll need it back and how long they’re willing to wait for repayment. This is because most people who pay cash expect some compensation and aren’t giving the information away.

If you’re paid by check, ask your employer to give you a letter that includes your employer’s name, the company’s physical address and mailing address if different than above, the dates of employment, start date and end date (if applicable), gross pay per week/bi-weekly/monthly. This is especially important if you are paid by check but occasionally get a cash payment instead. If you are fired or quit your job, you will need to show the last day you were employed.

Intermediaries bank statement

Intermediaries bank statement

If you received the payment in cash, but it was through an intermediary–such as a relative or friend who then transferred it into their account for you–you’ll need that person’s bank statement. For example, if your friend gave you $500 and you used it to pay off some bills and make a deposit into your account, then the proof will be on the bill you paid and in his bank statement.

Paystub

silver and gold round coins in box

Get a pay stub from the person or company you’ve been working for. Make sure to get one that shows your real name, so it matches up with what you tell other entities about how much money you’ve made. If the entity won’t give you a pay stub because they say they have no obligation to provide one, go to another entity that provides the same service.

For example, if you get paid cash by a babysitter or housekeeper who works for several families, try going to a daycare center and asking them. They’ll be more likely to help you out because they must keep track of all their employees’ number of hours worked.

If you are paid cash, sometimes your employer will only give you a statement saying how much money they paid you over some time but won’t give it to you in writing. You can still use this as proof to indicate what kind of work was done and the number of hours worked. You can also get handwritten statements if you’re an independent contractor.

Get a bank statement

Get a bank statement

When you get paid, especially in cash, ask your employer for a receipt or record of how much they’ve paid you.

You want to have their name, the date that they paid you, and the amount–in other words, standard information that should be included on any receipt. If there are unique aspects of your cash payment, then make sure that they are included.

You will then need to transfer this information over to a bank statement.

A bank statement is the most commonly accepted form of proof of income when applying for credit or settling an estate.

The bank statement will need to be printed out with the date it was created, the name of the bank, and your account number. This information can usually be found at the top of the page.

Print out a copy of your checkbook register

Print out a copy of your checkbook register

If you don’t have a bank account, you can have your checkbook register printed out instead.

You will need to get a copy of each register sheet containing information about your account–the bank’s name, the checking or savings account, and your account number.

If you have no other means

If you have no other means of proving that you’ve been paid cash, then offer your bank statement, checkbook register, and the receipt for your payment to the best of your ability.

Leave nothing out. If you’re applying for credit, show the creditor everything. If you’re trying to settle an estate or are involved in a lawsuit, ensure that you reveal everything to the person trying to settle or bring suit against you.

If you don’t have documentation and they find out, then not only will you lose your case and not receive any money–but there may be criminal charges as well. While having all of this paperwork might seem like a pain in the neck, it’s a lot less of a pain in the neck than not being able to prove that you’ve been paid cash or having to face criminal charges.

In most cases, proving that you have been paid in money is just a question of knowing where to look and what steps to take. In other words, it’s just a matter of being prepared.

Conclusion

It is so much easier to have proof of your work when paid in cash. If the entity doesn’t give you a pay stub, get one from a company that provides the same service.

If they still don’t budge, you’ll have to use a bank statement by getting the information at the top, including date, bank name, account number.

If this doesn’t work, get your checkbook register and show the person exactly what they need to see to prove your income.