With all the unfortunate school shootings and other events that have prompted congress to push stronger legislation on gun control, this article shows how that has created a huge spike in firearm sales in the last few months. For those of you who sell guns at your stores, have you seen a spike in sales as a result of articles like this and other things you have been hearing on the news? PawnMaster pawn software does a great job of helping you stay compliant with our gun log and police reporting functionality. If you would like to know more about how we can help your store call us now 888-949-7296 or leave us a comment below. We would love to hear your comments or concerns.
Because we all use bar codes in our daily routine, we wanted to share this cool,yet informative infographic about the history of the barcode that is now turning 60. As you know PawnMaster uses several different types of barcode scanners that help you manage your inventory. Happy Anniversary Bar code! Today is the 60th Anniversary of the barcode; and if you’re interested in learning more fun facts like the ones above as well as how the barcode came to be, its practical uses, and how industries have implemented the technology today, check out the infographic below.
It’s that time of year where things get bananas around the shop and the exchange of money really starts to flow. Will you, or are you ready as the influx of people start showing up ready to pawn, buy, or sell their items? PawnMaster can help you be that extra clerk, manager, or set of eyes you need when things get chaotic. Think of PawnMaster as your must trusted employee that always has your back! As we come into the heart of the holiday season, we are here to support you with any and all of your hardware and software needs. Feel free to contact one of our industry specialists for assistance 888-949-7296. Here is a great article we found about the upcoming holiday season.
NEW WINDSOR — It can be a place to go for an emergency loan, or maybe to buy a chain saw.
Those with romance on their minds can get engagement rings. Others, looking to make a few bucks, lug in treasures mined from basements and attics.
It’s the modern pawnshop, exemplified in Orange County by businesses in Central Valley, Middletown, New Windsor and the Town of Wallkill.
Not all are alike.
World of Pawn in Wallkill is heavily into tools and machines. Fort Knox Jewelry and Loan in Central Valley is a jewelry store where the stock also includes watches and coins. Its sister business in New Windsor, Fort Knox Super Pawn and Thrift Shop, is the company’s flagship, said Stephen Rinaldo, director of operations.
“You can buy a WeedWacker there or a Rolex watch,” Rinaldo said. “It’s a true pawnshop.”
The wares were indeed an eclectic mix: power and hand tools, antique weaponry, musical instruments, a fancy Mexican-tooled western saddle, and even an autographed and authenticated pair of Johnny Damon’s Yankees shower shoes.
Reality TV shows boost interest
Hudson Valley Pawnbrokers of Middletown is entering its busy season, said manager Rob Ambrose.
“Sales go up this time of year,” Ambrose said. “The whole business in general picks up during the holidays.”
He credits reality TV shows about pawnbroking for generating interest in the shop’s wares. “All the shows on TV bring people in,” said Ambrose, who’s seen customers wanting to pawn or sell items ranging from more than three dozen baseballs signed by Hall of Famers, to harpoons, to a flint gun used to ignite gas lamps on city streets.
State regulates interest rate
Rinaldo and Vinnie Formisano, manager of the New Windsor store, believe some people have mistaken impressions about the pawn business. The stores aren’t dark and dusty with unsavory characters hanging around. And they’re not like their TV versions, where every day brings the rarest of antiques to the counter.
“What you have, basically, is middle-class, hard-working people,” Formisano said. “The transmission on the car goes and they need a loan for a week or two.”
Superstorm Sandy sent people to pawnshops like it did to hardware stores.
“We sold out all of our generators,” Rinaldo said, “and we were able to help a lot of people out with short-term loans.”
The business wasn’t hampered by the downed computers and closed offices that affected some banks, said Chris Romano, head of jewelry and merchandising at Fort Knox in Central Valley.
“This time of year, we’re lending more money,” Rinaldo said. “People need holiday cash. A lot of customers have been affected by the economy. They’re not broke, but they may not have credit, and they come here for a short-term loan.”
The interest rate — 4 percent per month — is regulated by the state. Loans are for four months, and can be renewed. Additional interest may be charged for storage of large items.
“We’ve done loans on contractor’s trucks,” Romano said. “A contractor has trucks he’s not using, and he needs money to start a new project. A bank isn’t going to give you credit on your dump truck.”
Some customers seeking to sell
Besides people looking for loans, there are customers looking to sell items ranging from furs to snowmobiles.
John Connolly of Newburgh was at the New Windsor store recently, intending to sell a keyboard and a cymbal from a drum kit.
“I have stuff lying around that I don’t need anymore,” Connolly said.
Others, like Valentino Mann of Monroe, come in to buy. He was in the market for a chain saw.
“I want to see if they have one here that’s cheaper than what they charge at the store,” said Mann.
Rinaldo finds that 90 percent of customers repay their loans and take back their merchandise.
“We don’t want them to forfeit their stuff,” Formisano said, “because they’ll come back and take a loan on it again.”
What are your thoughts on this article? Comment below.
Everyday we face challenges, whether they are training new employees, managing inventory, or unplanned circumstances. When life throws you a curve ball wouldn’t it be nice to know that you have the tools and resources available in your pawn shop software to handle life’s daily challenges? PawnMaster is the best employee you will ever hire! PawnMaster is the most robust pawnbroker software on the market with 25 years of industry knowledge and input from pawnbrokers all over the world just like you.
If you have a new employee who is new to the industry and not sure what to offer on various items, the internal price guide will take the guess work out by showing you a high, low and median price over the course of a date range as well as how many are in inventory. Isn’t it nice to know that your pawn management software has your back when sometimes aren’t sure if the people who work for you do?
Our price guide will help ensure you are only lending money on items you can turn and won’t just end up sitting on your shelves along with the other 20 similar items. If you are in the market for a change or exploring what software is right for your company, we encourage you to speak with one of our industry specialists today 888-949-7296.
In one town in Kentucky, city council wants all pawn shops to keep computer records of how they got the items in their stores in an effort to reduce crime.
Over the last few years PawnMaster pawnbroker software has seen more pawn shops going to a more reliable computer based software that ensures accuracy, reliability, and compliance with local law enforcement agencies. It really is hard to imagine any shop not using some kind of software to help them on a day to day basis.
What are your thoughts on this article? Comments?
Have you ever wondered what to expect when going to visit a pawn shop? We do our best to not only educate our Pawnbrokers but we aim to inform the consumers as well. The National Pawnbrokers Association put out a great article below on the 6 Things Everyone Should Know Before Going To A Pawn Shop. Continue reading
Lately, we have been speaking highly about our wonderful team of PawnMaster Technical Support staff and wanted to give you an opportunity to see this hard working bunch. Most tech guys are shy when it comes to photo ops and in this rare photo, we are able to catch them all at once. These gents are the ones you talk with day in and day out when issues arise. We lead the industry when it comes to the amount of dedicated people handling tech issues and guidance. Our technical support group alone is larger than most other Pawn software company’s entire staff. We take customer service seriously and understand that every minute your software is down, that is costing you money and time. Continue reading
When the Police say they want help collecting more information most Pawnbrokers feel this is going to be more of a chore and take more time. Some would agree, but those elite Pawnbrokers who use PawnMaster pawn shop software would likely disagree. PawnMaster collects all of the data required for law enforcement agencies and then some. PawnMaster integrates with biometric fingerprint scanners that help clerks practically automate the process for them. With a few clicks of the button they can record fingerprints and update customers profile pictures in seconds. Those police files are then sent over in the format of preference to law enforcement including item description, pictures, etc. PawnMaster helps protect shop owners every way possible.
Below is an article about how a Texas county police chief wants pawn shop owners to collect more data. If you are concerned that your current software and/or process isn’t cutting the Mustard, then it could be time to inquire about our Vendor Selection/Replacement Program.
Cobb County Police want to reduce property thefts and they’re asking for help from area pawn shops. Chief John Houser is asking county commissioners to force pawn shops and precious metal buyers to collect more information from sellers. Houser’s plan is to have the buyer take pictures of the seller and their items, plus collect the seller’s fingerprint digitally.
Houser tells Channel 2 Action News, all of that information could then be searched in a private database. “Those individuals who are pawning stolen items, we feel like that’ll cause them to do other things than commit property crimes in Cobb County,” Houser says. Some pawn shop owners say the amount of stolen merchandise makes up only a fraction of their inventory. Robert Oberth of Gold and Coin Exchange says owners can’t afford to pay the equipment fees. “We’re gonna have costs increase: data entry and processing fees. The 15 cents is a little bit of an overkill,” said Oberth.
15 cents per transaction would likely be the charge to use the equipment. Other metro Atlanta jurisdictions that use the equipment have been able to recover stolen merchandise. The Cobb County Commission says before they can vote on the matter, the chief must come up with a specific proposal.
Data Age’s PawnMaster continues to improve the way it educates the Pawnbrokers that utilize their software. PawnMaster is truly one of the few pawn shop software companies that updates and educates its custo-mer base on a regular basis. The “Did You Know” series of informational videos shows our Pawnbrokers how to get maximum usage out of the PawnMaster software. These videos are designed to be quick and helpful ways to use under utilized and lesser known features within the program. It is our goal as a company, to increase your awareness of helpful features and services that we offer inside our PawnMaster software. We want you to know about it so that your day will continue to be profitable. Have you been to our Youtube channel yet and discovered the handful of videos that we recently added? Click Here
Pawnbrokers are loving the new Janam scan gun for inventory management at their stores. Some of you may have discovered at the NPA Pawn Expo that we are using the new Janam scan gun. The Janam scan gun has a light, sleek, highly-functional form factor for intensive barcode scanning. Its unique, center-weighted ergonomics, with battery positioned in handle, make it feel remarkably light and balanced in the hand. The Janam will help make inventory management a breeze. Would you like to update your inventory to PawnMaster in real-time? The Janam scanner will cut down that tedious task and make it fun, while also allowing you to correct mis-binned items on the fly.
This is the tool that will cut down hours of frustration for you and your staff from manually updating items. Call one of our qualified industry specialists today for additional information 888-949-7296.