✓ 3% Interest + 20% Service Charge • ✓ 60-Day Redemption Period • ✓ Partial Payment Tracking
Stop paying monthly fees. Indiana pawnbrokers using PPSS paid $695-$995 once for a lifetime license. Three years later? Still $695-$995 total. No monthly subscriptions, no annual price increases, no surprise renewal fees.
Handles Indiana's 3% interest + 20% service charge structure, 60-day redemption tracking, and partial payment management. (Click the Purple Video Button above for a software overview.)
Typical subscription: $300/month = $10,800 over 3 years.
PPSS: $895 once + $590 updates = $1,485 over 3 years.
Savings: $9,315 in three years. Over five years? $16,515.
Updates: $295/year or $737 once.
Indiana law caps interest at 3% per month (IC 28-7-5-28), but pawnbrokers can also charge up to 20% per month service charge for storage and security. That's a total of 23% monthly finance charge—3% interest plus 20% service charge. These aren't the same thing. They're two separate charges tracked separately. Generic pawn software has one "finance charge" field. Indiana law distinguishes between interest (3%) and service charge (20%).
Pawnbroker Pawn Shop Software (PPSS) Indiana Edition tracks both charges separately, calculates 60-day redemption periods from default date, manages partial payments (minimum $1.00), and maintains the well-bound register required under IC 28-7-5-16.
3% Interest + 20% Service Charge = 23% Total Monthly
Indiana distinguishes between interest (3% monthly cap) and service charge (up to 20% monthly for storage/security). A $100 loan: $3 interest + $20 service charge = $23 total monthly finance charge.
60-Day Redemption Period After Default
Indiana provides 60 days from the default date for customers to redeem pledged items. During this period, pawnbrokers cannot sell the item. After 60 days without redemption, the customer forfeits all rights and the pawnbroker acquires absolute ownership.
Partial Payments Accepted (Minimum $1.00)
Indiana requires pawnbrokers to accept partial principal payments of at least $1.00 before maturity, with accrued interest and charges also paid. The pawnbroker credits the principal payment on the pawn ticket—software must track these partial reductions.
Indiana pawnbrokers using PPSS paid once for a lifetime license. No monthly subscriptions, no annual price increases, no surprise renewal fees.
Savings over 3 years: $10,755. Over 5 years: $18,315.
PPSS calculates both automatically. Enter principal once—interest and service charge populate in separate fields each month.
Indiana law (IC 28-7-5-30): If a loan defaults, the pawnbroker retains possession for 60 days following the default date. During this period, the customer can still redeem. After 60 days, the customer forfeits all rights.
Timeline Example:
PPSS calculates the 60-day period automatically from the default date and flags items approaching forfeiture.
Indiana requires pawnbrokers to accept partial principal payments of at least $1.00 before maturity (IC 28-7-5-24). When accepted:
Indiana requires Department of Financial Institutions licensing under IC 28-7-5. The Indiana Pawnbrokers Association, formed in 1991, represents licensees across the state.
Key Requirements:
PPSS provides: Digital well-bound register equivalent, transaction entry tracking, 3% + 20% separate charge fields, 60-day redemption tracking, partial payment management.
Basic License: $695
Professional License: $895
Multi-Station: $995
Software Updates (Year 2+):
Indiana law caps interest at 3% per month (IC 28-7-5-28), but pawnbrokers can also charge up to 20% per month service charge for storage and security. That's a total of 23% monthly finance charge—3% interest plus 20% service charge. These aren't the same thing. They're two separate charges tracked separately. Generic pawn software has one "finance charge" field. Indiana law distinguishes between interest (3%) and service charge (20%).
Pawnbroker Pawn Shop Software (PPSS) Indiana Edition tracks both charges separately, calculates 60-day redemption periods from default date, manages partial payments (minimum $1.00), and maintains the well-bound register required under IC 28-7-5-16.
3% Interest + 20% Service Charge = 23% Total Monthly
Indiana distinguishes between interest (3% monthly cap) and service charge (up to 20% monthly for storage/security). A $100 loan: $3 interest + $20 service charge = $23 total monthly finance charge.
60-Day Redemption Period After Default
Indiana provides 60 days from the default date for customers to redeem pledged items. During this period, pawnbrokers cannot sell the item. After 60 days without redemption, the customer forfeits all rights and the pawnbroker acquires absolute ownership.
Partial Payments Accepted (Minimum $1.00)
Indiana requires pawnbrokers to accept partial principal payments of at least $1.00 before maturity, with accrued interest and charges also paid. The pawnbroker credits the principal payment on the pawn ticket—software must track these partial reductions.
Indiana pawnbrokers using PPSS paid once for a lifetime license. No monthly subscriptions, no annual price increases, no surprise renewal fees.
Savings over 3 years: $10,755. Over 5 years: $18,315.
PPSS calculates both automatically. Enter principal once—interest and service charge populate in separate fields each month.
Indiana law (IC 28-7-5-30): If a loan defaults, the pawnbroker retains possession for 60 days following the default date. During this period, the customer can still redeem. After 60 days, the customer forfeits all rights.
Timeline Example:
PPSS calculates the 60-day period automatically from the default date and flags items approaching forfeiture.
Indiana requires pawnbrokers to accept partial principal payments of at least $1.00 before maturity (IC 28-7-5-24). When accepted:
Indiana requires Department of Financial Institutions licensing under IC 28-7-5. The Indiana Pawnbrokers Association, formed in 1991, represents licensees across the state.
Key Requirements:
PPSS provides: Digital well-bound register equivalent, transaction entry tracking, 3% + 20% separate charge fields, 60-day redemption tracking, partial payment management.
Basic License: $695
Professional License: $895
Multi-Station: $995
Software Updates (Year 2+):
