{"id":5283,"date":"2014-05-23T15:17:01","date_gmt":"2014-05-23T20:17:01","guid":{"rendered":"https:\/\/office-ink.ontimesupplies.com\/?p=5283"},"modified":"2022-08-17T16:12:53","modified_gmt":"2022-08-17T21:12:53","slug":"counterfeit-money-a-direct-loss-to-business","status":"publish","type":"post","link":"https:\/\/www.ontimesupplies.com\/blog\/counterfeit-money-a-direct-loss-to-business\/","title":{"rendered":"Counterfeit Money A Direct Loss to Business"},"content":{"rendered":"

\"counterfeit-money-a-direct-loss-to-business\"<\/a><\/p>\n

In these days of data breeches and identity theft, counterfeit fraud seems quaintly old-fashioned. It’s not. The U.S. Government estimates there are millions of  dollars of counterfeit bills in circulation<\/strong>. And unlike credit card fraud, there is no way for businesses to recoup the losses caused by counterfeit fraud.<\/p>\n

You may get fooled by a counterfeit bill, but when you go to deposit your cash intake, your bank will not. Banks are equipped to detect most fake money, refuse deposit and send it to the Secret Service. The business that took in the money in the first is just out of the money.<\/p>\n

Counterfeit bills are a particular hazard for small businesses that handle a lot of cash transactions, such as restaurants and convenience stores. The only thing to do to avoid a direct loss to your business is to invest in a counterfeit detection product. Counterfeit bill markers cost as little as a couple bucks, but they are not as accurate or discrete as machines. Royal Sovereign makes two of our favorites.<\/p>\n

RCD-2000: 4-way counterfeit bill detector spots fake IDs too.<\/h2>\n

https:\/\/www.youtube.com\/watch?v=O4TqIKG3pik<\/p>\n

Royal Sovereign’s RCD-2000 Counterfeit Bill Detector<\/strong><\/a> is their #1 seller for good reason. It offers four different counterfeit bill detectors in one machine, and can even spot fake IDs. With the RCD-2000<\/strong> you get:<\/p>\n