(Available in Canada ~ Not available in CA, MA, TX)
Pawnbroker Software is the perfect alternative to over-priced complicated pawn-shop programs, and your payment will not be accepted until you are satisfied that this is program is right for you. (Click the Yellow Demo Button above for a video overview.)
No forced prepayment of customer support fees1.
Print tickets on paper (except FL).
Compare cost to Bravo, HiTech, PawnMaster, Pawndex.
1 Software maintenance is $295/year starting in year 2.
Pawnbroker Pawn Shop Software is a one-time payment with no annual or monthly prepaid support fees. (Starting with the 2nd year there is a relatively small annual payment of $295 for software maintenance - not to be confused with 'customer support'.) There is an option to pay 2.5X the annual amount once to avoid annual payments.
PPSS features and prices are graduated so small shops and employees can start with basics at a low price and upgrade as computer skills and software requirements grow. Prices here are for software only.
The Deluxe edition of Pawnbroker Pawn Shop Software ($695 once): pawns, reminders, forfeits, payments, redemptions, pawn tickets, LEADS and police reports, and other types of transactions like buy outright (resale), check cashing, payday/title loans and rentals.
The Diamond edition of PPSS ($895 once) controls employees by restricting each person's access and preventing functions (like voids and discounts) which are prone to theft. Diamond supports pictures, barcodes, thermal price labels, cash drawers, receipt printers and gold assessment.
One payment for lifetime use. The 24karat edition of Pawnbroker Pawn Shop Software ($995 once) adds electronic fingerprinting, drivers license scanning (except GA, TX) and FTP LEADS Reporting. (Scanning driver licenses populates the new-client screen with information encoded in the license 2D barcode.)
We won't accept payment until you agree. Try the demo now!
Pawn software (or a 'program') is a computer application ('app') that installs on a PC or laptop and is used by pawn shops around the world to manage their businesses including client management, pawn and buy outright, reporting and POS (Point of Sale).
Pawnbroker Pawn Shop Software is a one-time payment with no annual or monthly prepaid support fees.
Prices of other pawnbroking programs are significantly higher and monthly or annual payments for 'support' are required. (Starting with the 2nd year there is a small annual software maintenance of $295 (not to be confused with 'customer support'.)
Other programs that reside on websites are 'web based' in that they are installed on a remote computer and the shop must have an Internet connection and a web browser to access the program. A (high) endless ever-increasing monthly payment is required.
The monthly payment increases? Yes. Just ask those who have been using a web-based program for a prolonged period of time. The cost of most things go up over time but with pawn software, developers are keenly aware that pawn-shop owners (and employees) are very reluctant to mess with converting and having to learn (and purchase!) a different program, i.e., they are 'locked in', spawning the temptation to gouge end users with frequent and large increases in the cost of operating the software.
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The 'cheapest' software costs the least up front and over time.
Most software vendors use their websites to hype their products while knowingly and willingly avoid disclosing cost. Assuredly failure to disclose prices and fees warns that the software is expensive way beyond reasonable cost and most pawn owners' budgets.
For most software offerings the initial outlay is only the tip of the priceberg and will only be a fraction of the total cost over the time you expect to be in business. Here again, never in other vendors' sales hype or pre-purchase information will there ever be in all caps and bold lettering (or in words otherwise expressed), "COMPETITOR'S WARNING! WE NOT ONLY RESERVE THE RIGHT TO INCREASE YOUR COST IN THE FUTURE BUT CAN LITERALLY GUARANTEE THAT ONCE YOU'RE LOCKED INTO THE SOFTWARE, WE WILL ESCALATE THE COST WAY BEYOND THE PRICE WE ARE QUOTING TODAY". The practice of failing to fully disclose open-ended cost is an act of fraud (deceiving for financial gain). Assuming that potential buyers know 'cost always increase' falls way short of being honest about established business practices clearly intended to exploit client relationships.
Even where prices are posted on some pawn-software websites, there can be additional costs after the initial purchase of the software. Some of the add-ons are reasonable if additional features or usage are needed. Others are just price pits covered with branches and leaves for pawn-shop owners to fall into.
Perusing several software websites may reveal that very little and often nothing is mentioned about this escalating cost. It may be necessary to drill down to some Terms of Use or software agreement but even there the mounting cost may not be revealed.
While it may not be in your plan at the moment, the day may come when you decide to sell your business. It will be more attractive if the new owner won't be saddled with a huge monthly or annual expense for software, or be forced to convert to a different program and have existing employees learn a new system.
Also possibly not on the table is the prospect of multiple stores. How much is it going to cost to add copies or users of the software at other locations.
Budget-minded shop owners will find the best bargain for competitive and reasonably-priced software and hardware in Pawnbroker Pawn Shop Software - marked down to moderate pricing with comparatively low-cost for software maintenance (updates).
With few exceptions pawn-shop owners prefer to pay the minimumm to get the job done and most certainly resent having to pay forever to use any software program. See What Software Do Pawn Shops Use for a deeper explanation as to how to avoid never-ending ever-increasing software payments.
Using software to manage a pawn shop operation has many advantages:
"Price' often gets conflated with 'cost' which are two very different things. The former commonly refers to the up-front cost of getting started while the latter is a sum of all funds paid to a software developer over the span of software use.
Pawn-software pricing can invite misleading advertising. The temptation is to mask (very) high long-term cost with focus on low bait-and-switch start-up price quotes. "Get started for only $99!" might masquerade the real $xx,xxx cost of taking the bait and heading down the road in the wrong direction. Any program that is 'web based' will include perpetual payments and the risk that once locked into the program, payments over time will surely increase.
Price manipulation can be avoided by asking questions up front and getting responses in written word (email) by an identified person authorized to make representations on behalf of the software developer. It's best to get these statements under the name of the owner of the software company. A great question to ask, to cut through the sales hype is "Based upon current pricing structure, how much will I pay to use this software over the next 10 years?" Also, "How much does it cost to use the software on multiple computers or at additional store locations?"
Software developers have ongoing costs in supporting software so it's reasonable to expect that some nominal amount would need to be paid each year for 'software updates' (or 'patches') which deliver bug fixes and minor feature improvements.
Finally, rethink just what is necessary for the software to do. The software provider with advanced features might cost $10,000 over time where a program providing essentials might cost less than $1,000.
A computer program (software) for pawn shops records information related to pawners, their pawned items and the particulars related to the business of granting collateralized loans.
Software uses (manipulates) input to process pawns, compute finance charges, account balances, due and late dates. It takes and store pictures (of clients and inventory), produces reports for the shop owner and regulating authorities, and prints price labels and pawn tickets.
In addition to pawns some programs provide for management and processing of check cashing, payday loans, buy-outright (resale), retail (buying from other businesses and reselling), layaways and consignment.
Within the software itself there may be functions or tools for batch processing or otherwise automating routine repetitive tasks like editing inventory, assigning inventory categories and sending payment-due reminders.
Features might also include data management (backup, restore, import).
Software that installs on the shop computer does not require the Internet. It's far less costly because there's just one payment to own the software and any recurring charge of maintenance is minimal.
'Web-based software' does depend upon the Internet. The shop does not own the software but merely rents it. The never-ending monthly payment adds up to a significant cost over time.
Pawn-shop owners aren't expected to know about Windows, computers, servers, Internet outages, hackers and the inherent risks of making a pawn shop dependent upon 3rd parties, so why not entertain some professional advice about all of those things beforehand?
First of all, check with state and local authorities. Some jurisdictions might prohibit a pawn shop from becoming dependent upon a 'cloud platform' over concerns about information loss or exposure. Putting client data 'out there' on another's computer (the software provider's server) that you may know nothing about (other than unfounded assurances proffered by the software vendor keen on getting your business) might be unacceptable to those who govern over your business. Moreover any shop owner who goes this route has a moral if not legal obligation to tell every client that his/her information is literally being put at risk of loss or hacking.
Software performs a wide variety of functions, chief among them organization, automation, correct computation of values and some help in deterring employee theft.
Keeping things organized in any business is essential for efficient operation. We don't want employees wasting time hunting for things, especially if it means keeping customers waiting. Software can be used to categorize (organize) inventory into useful groups. 'Saws' might a category and within that category there may be sub categories like jigsaw, circular, table - then inventory reports can be run: "How may chain saws do we have in store?".
Separating inventory into categories makes it possible to treat each category individually for things like taxation, tax exempt, tax-free, tax above some dollar amount. A handy feature is using multiple label printers and designating which printer to use given a category.
