Integration with Google and reselling sites like eBay and Amazon.POS systems also have features unique to pawn shops including: Pawn shop software handles core point of sale functionalities like payment processing, receipting, and transaction tracking. Real-time check verification and fraud detection, bad check reporting, and secure check depositing. Track sellable items and layaway items, as well as items held as collateral.Īllow customers to purchase sellable items through your website. Upload and store photo ID of buyers and sellers for record keeping.Ĭollect photo identification, residence information, and merchandise information to include in the police reports. Process payments, print receipts, create price quotes, and apply discounts. When the grace period is up, the item will be made available for purchase. Pawn shop software’s inventory management keeps track of whether or not the item is sellable and how long it has been held. After a specified period of time, if the loan is not paid back in full, the item is put up for sale. Pawn shops also have the unique challenge of holding collateral items in exchange for loans. These records will be sent as police reports to cross-check for stolen items. Pawn shops need to keep detailed records of every transaction and item brought in. Pawn shop software primarily handles point of sale, record keeping, and inventory management.
