Tag: Dispensary

  • How To Choose The Best POS Cash Drawer

    How To Choose The Best POS Cash Drawer

    Choosing the best POS cash drawer might seem straightforward, but it’s more intricate than it appears. While cash drawers may seem like simple metal boxes designed to secure money, selecting the ideal one for your business involves several critical considerations.

    For business owners and decision-makers, the complexity increases with questions about fit, capacity, and functionality. How will the cash drawer fit into your workspace? Does it have sufficient space to handle your daily transaction volume? What type of till best suits your operational needs? And, perhaps most importantly, how do you balance these requirements against your budget?

    Star is dedicated to simplifying your decision-making process. Let’s examine some key factors you should consider to ensure you choose the best POS cash drawer for your business.

    1. Connectivity

    First, let’s discuss connectivity options when it comes to cash drawers. Many overlook this important factor, only to realize how critical it is. Making sure your cash drawers work with your point-of-sale (POS) system is a must! Researching what hardware works with your POS software ahead of time will save you headaches. You’ll want to make sure the cash drawer works with your system’s peripherals and accessories as well, such as a POS scale or scanner.

    The most common type of connectivity for cash drawers is a printer-driven interface, which means the cash drawer is controlled through the printer’s DK port. The DK port, which stands for Drawer Kick, sends a 24V DC signal that opens the drawer. The majority of cash drawers use this function.

    Another way to open a cash drawer is quite obvious: manually with a key. Most cash drawers actually have both DK port connectivity and manual key access. This allows the drawer to be opened in case the electricity acts up.

    There are also wireless cash functions controlled by Wi-Fi and Bluetooth. These tend to be more expensive and not as common, but they are an option.

    Finally, don’t forget to check how a cash drawer is powered before you buy. Some use the USB interface only, getting power from the computer they’re attached to, while others need to plug into an outlet. Make sure to put your cash drawer in an area that works.

    2. Security

    Needless to say, security is a huge consideration when looking to purchase a cash drawer. To start, here are some options to look for:

    • An additional lock that secures the drawer itself to the counter.
    • A locking till cover, so when you need to take the till to the back office at closing time, cash can’t be stolen during transport.
    • A universal key, so that cash drawers are easier to open in a rush and during an emergency. There is no need to look through a huge key ring for the correct key.
    • A manual release option, so you can open the cash drawer no matter what. Manual release is quicker than waiting for a Bluetooth signal and even faster than some DK port signals.
    • Hidden locked compartments, which require extra space and likely a higher budget.

    How many people will be using the drawer at one time? How much money do you want to keep inside? Think about your day-to-day operations and how the money will be handled, then make a list of necessities for security and be sure your new cash drawer fulfills each one.

    3. Size & Cash Flow

    Next, you want to make sure your new cash drawer is going to fit in its space. Either there’s already an allotted area you have in mind, or you have some different options to play with. Whichever it is, you’ll need to measure the space correctly (width, height, and length) and consider your cash flow to find the right-sized cash drawer for you. 

    Some important questions to ask yourself are: will your drawer be on top of the counter or mounted below? Will there be important items on top of the cash drawer? Is there enough space for the till to fully open with a person comfortably behind it?

    Some cash drawers specifically come with below-counter mounting options, so it’s important to figure this out ahead of time. You’ll also want to know the height of the drawer.

    On the market, there are normally two different sizes for cash drawers: a smaller option (typically 13” x 13”) and a larger option (typically 16” x 16” and larger). Most cash drawers are 4-5 inches in height, but be sure to check.

    The CD3-1616 Value Cash Drawer by Star Micronics.
    Star’s cash drawers come in a variety of sizes to suit multiple industries.

    Currency & Media

    Now, which currency do you use? Cash drawer tills (the part of the cash drawer that holds the money) come in several different sizes with distinct layouts for different currencies. Some tills have room for the US standard (five bills and four coins).

    Other tills come with room for more coins or bills if larger, higher-value bills, such as $100, are accepted. They could also have options to adjust sections or remove coin trays entirely. There are also tills available specifically for Canadian and Latin American currencies.

    Finally, you’ll want to know how your POS system opens your cash drawer (if it opens electronically). Some systems open the drawer on every transaction, while others open for cash transactions only. 

    Especially if you handle a lot of credit card slips, coupons, or checks, be sure to choose a cash drawer with media slots in the front. Media slots are openings in the drawer that receipts or other documents are fed into. These documents are securely stored beneath the till, in a hidden space. You may even want added space beneath the till for extra coin rolls or bills.

    Use the Cash Drawer Selector Tool

    Effortlessly find the ideal cash drawer for your business with our Cash Drawer Selector Tool—filter options by width, region, connection type, and more to ensure a perfect fit.

    4. Durability

    Next on the list of considerations is durability. Why would anyone want a cash drawer to be of poor quality?

    You’ll want to know exactly what a cash drawer is made of. Cash drawers like Star’s are made of steel, which not only makes your investment worthwhile, but is also a security feature.

    A cash drawer should also have a multi-year warranty. Be sure to choose a warranty that includes at least 1 million opens. It would also be smart to have a strengthened key, so it doesn’t break, while having an outer finish that can withstand abuse from the surrounding environment.

    5. Style & Design

    Although not as important as the above considerations, how your cash drawer looks should factor in your decision at least a little. Usually, you’ll want a cash drawer that matches the look and feel of your counter space and other POS components.

    For example, if you have a white receipt printer and white tablet-based POS stand, choosing a white cash drawer will help provide a sleek look to your counter.

    The look of your cash drawer is something that only you can decide. Cash drawers come in many different colors, sizes, and styles, but I would recommend you consider the top factors first. 

    Cash drawers are must-have items for the majority of businesses. Knowing how to choose the best POS cash drawer for yours can save time and money, all while creating a secure, efficient, and productive business.

    Meet Star’s Cash Drawers

    Star Micronics is proud to offer feature-rich cash drawers for any budget or application.

    Value Series

    The Value Series includes cost-effective cash drawers that integrate seamlessly into any retail or hospitality environment. Connected to a standard printer communication interface with a bottom exit cable, Star’s Value Series cash drawers are reliable and come with a standard warranty. They also feature four lock functions: locked, closed, online (opens electronically), manual open, and locked open.

    Choice Series

    Our Choice Series cash drawers include features businesses already know and love, but with added strength to support touch tablets and POS terminals on top. They also have a secure dual-drawer cable, enabling the Choice Series to work as either cash drawer 1 or cash drawer 2.

    These drawers also include a foldable hinged key which minimizes the possibility of breaking off in the lock, with over 10 different lockset options for added security.

    Max Series

    Max Series cash drawers are the premier choice for retailers. Featuring durable, high-quality drawers with Kensington lock compatibility and sleek Star branding, these cash drawers are designed to securely manage cash while delivering professional looks and reliability. They also feature four lock functions: locked, closed, online (opens electronically), manual open, and locked open.

    Find the Ideal Cash Drawer for Your Business

  • What to Consider When Purchasing a Cash Drawer

    What to Consider When Purchasing a Cash Drawer

    To some, a cash drawer might just look like, well, a cash drawer. But when it comes to choosing a cash drawer as a business owner, cash drawers become a bit more complex. How will it fit in your space? Is it big enough to accommodate your day-to-day transactions? What kind of till do you need? The list of considerations goes on and on.

    Star is here to make the cash drawer selection process a bit more transparent and easier for you. Let’s explore the five key things to consider when purchasing a cash drawer:

    1. Connectivity

    First, let’s discuss connectivity options when it comes to cash drawers.

    The most common type of connectivity for cash drawers is a printer driven interface, which means the cash drawer is controlled through the printer’s DK port. The DK port, which stands for Drawer Kick, sends a 24V DC signal to open the cash drawer and is used in the majority of cash drawers.

    Another way to open a cash drawer is quite obvious: manually with a key. Most cash drawers have both DK port connectivity, and manual key access.

    Lastly, there are also wireless cash functions controlled by Wi-Fi and Bluetooth. These cash drawers are not as common, and tend to be more expensive.

    2. Size and Style

    The next topic to consider is one of the most important: how big of a cash drawer do you need, and what kind of cash drawer should you choose to match the look and feel of your counterspace and other POS components?

    On the market, there are normally two different sizes for cash drawers: a smaller option (typical 13” x 13”) and a larger option (typically 16” x 16” and larger). When choosing a cash drawer size, be sure to keep in mind considerations such as if you have items (like a keyboard) that needs to fit on top of the drawer, or if the drawer needs to be a specific height to fit under a counter.

    You may also choose a cash drawer color to match the other parts of your POS. For example, if you have a white receipt printer and white tablet-based POS/stand, choosing a white cash drawer will help provide a sleek look to your counter.

    How Star Can Help

    Even though each store is unique, balancing cash drawers is one thing every store has in common. Star Micronics offers the tools you need to make balancing your cash drawer as simple and painless as possible. For more information on the solutions we offer, contact Star Micronics today!

    3. Cash Flow

    Next on your list of considerations is cash flow. What kind of currency do you accept? Do you accept a lot of physical coupons? What about checks?

    Cash drawer tills (the part of the cash drawer that holds the money) come in several different sizes and bill/coin layouts. Some tils have room for the US standard (five bill and four coins). Other tills come with room for more coins or more bills depending on if larger, higher value bills, such as $50 and $100, are accepted. There are also available tills for Canadian and Latin American currencies.

    Handle a lot of coupons, checks, and higher value bills? Be sure to choose a cash drawer with media slots, or slots on the front that feed into a hidden space underneath the till, to securely store these items.

    4. Durability

    Next on the list of considerations (and something that is very important) is durability.

    What type of material is the drawer made of? Is it made of steel, or a different material? Cash drawers like Star’s, which are made of steel, are highly durable which not only makes your investment more worthwhile, but is also a security feature.

    Another thing to consider is how many cash drawer opens is included in the product’s warranty? Be sure to choose a warranty that includes at least 1 million opens.

    5. Security

    Last but certainly not least on your list of considerations should be security. There are a few different security options to look for:

    • An additional lock that secures the drawer itself to the counter.
    • A locking till cover, so when you need to take the till to the back office at closing time, cash can’t be stolen during transport.
    • A universal key, so that cash drawers are easier to open in a rush and during an emergency there is no need to look through a huge key ring for the correct key.
    • A manual release options, so you can open the cash drawer no matter what. Manual release is quicker than waiting for a Bluetooth signal and even faster than some DK port signals.

    Meet Star’s Cash Drawers

    Cash-Drawers-Stacked-TW

    With three lines of cash drawers with a variety of features and price points, Star Micronics is proud to offer cash drawers for any budget or application. Learn more about each series below:

    • Value Series: The Value Series includes cost-effective cash drawers that integrate seamlessly into any retail or hospitality environment with a standard printer communication interface and bottom exit cable, hidden from the customer’s view. The cash drawers also feature four lock functions: locked, closed, online (opens electronically), manual open, and locked open.
    • Choice Series: Choice Series cash drawers include features businesses already know and love, but with added features such as extra strength to support touch tablets and POS terminals, a secure dual-drawer cable to enable the Choice Series to work as either cash drawer 1 or cash drawer 2, a foldable hinged key which minimizes the possibility of breaking off in the lock, and over 10 different lock set options for added security.
    • Max Series: Max Series cash drawers are the premier choice for retailers. Featuring durable, high quality drawers with Kensington lock compatibility and sleek Star branding, the cash drawers are designed to securely manage cash while delivering professional looks. The cash drawers also feature four lock functions: locked, closed, online (opens electronically), manual open, and locked open.

    Explore all of the cash drawers now.

  • What’s Next for Cannabis Retail?

    What’s Next for Cannabis Retail?

    Cannabis legalization is not just creating more business opportunities for recreational dispensaries, but for the point of sale industry as well. Star Micronics has found ourselves rapidly gaining popularity among the cannabis point of sale market and are looking forward to what lies ahead.

    First, it’s important to consider the fact that the legal cannabis market is growing quickly with no intention to slow down. The legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual rate of 17%. This is more than 8 times the growth rate of the beer and liquor store market in the U.S.

    While the cannabis market is growing, there are still issues with marijuana businesses and traditional banking, which means it has mostly been a cash-only industry. While this can serve as an inconvenience for those who frequent recreational cannabis dispensaries, it helps us point of sale folk to keep in the market by providing receipts printers and cash drawers for these businesses. With more states beginning to legalize recreational marijuana use, we can predict that more people will begin to heavily invest in this market, and smaller dispensary businesses will soon be able to fold into larger companies.

    In addition to the issues that cannabis businesses face with banking and financial services, recreational marijuana dispensaries are required to practice “seed to sale” tracking compliance. For those unfamiliar with this term, the “seed to sale law” requires every marijuana producing plant to be tracked through each stage of its life, from cultivation to the point of sale.

    With this in mind, software developers are working to create point of sale systems that help dispensaries to easily manage their seed to sale tracking, as well as perform other daily functions that your average retailer would need. For this detailed and complicated task, there is simply too much risk of human error for dispensaries to not use a retail management solution. This is where we begin to see the cannabis market booming in the point of sale industry.

    So, what can we predict for the future of cannabis retail?

    In the recent U.S. election, California, Massachusetts, Maine, and Nevada all passed measures legalizing recreational marijuana. While there are still tax and licensing provisions that will not take effect until January 2018, we can expect a major growth in legal marijuana sales, with California forecast to dominate the market. California, being the oldest medical cannabis state and the largest cannabis consumer population, is predicted to reach $7.6 billion in annual marijuana sales by 2020.

    Similar to the online ordering trend among restaurant take-out and delivery services, we may be looking at the future of remote ordering for cannabis sales. California delivery startup, Eaze, has procured more than $25 million in multiple rounds of funding in the hopes of being the largest provider of on-demand cannabis delivery.

    With the advances of technology and innovation in legal cannabis sales, Star Micronics is very excited to continue to provide support for this emerging market and see our partners grow along the way.