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What is a coin drawer?

The Cash Drawer is the most essential part of a POS system. It is a section under the Cash Register or Point of Sales Device POS where you keep the papers, credit card receipts, or cash from transactions safely. The Drawer has a clip on Cash Tray that is designed to hold cash. The cash drawer is widely used in almost all retail stores, particularly in the POS system.
In an electronic system, this piece of hardware receives signals from the receipt printer or the computer and opens it when needed. When you purchase the accessories separately, make sure the cash drawer is also compatible with the equipment of the POS system.
Coin drawers should be well built and resist continuous opening and closing. You can get the POS system equipment and accessories from leading brands HP, Zebra, Star Micronics, and Approx.

Advantages of cash drawer

There are several advantages of cash drawers that retail businesses can achieve, such as:

Managing cash flow

Cash drawer helps the retailers with a huge sales volume to track the amount of money and manage the cash flow of every single transaction in real time.

Reducing risks of money fraud

Cash drawers also minimize the risk of money fraud. Since the cash drawers will only open when needed and allow you to track when it is opened, no one can easily break into them.

Increasing cash accountability

The system will immediately observe and report if the cashiers open cash drawers without logical reason.

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