PawnMaster Review - why 4 stars?
Compare PricingITQlick Score: | 80/100 |
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ITQlick Rating: |
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Pricing: | 5.8/10 - average cost |
Category: | Retail Management POS -> PawnMaster review |
Ranking: | Ranked 12 out of 27 Retail Management POS systems |
Company: | DATA AGE BUSINESS SYSTEMS, INC. |
Pricing: | starts at $60 per month |
Typical customers: | Small, medium and large size businesses |
Platforms: | Desktop, Mobile, Cloud |
Links: | PawnMaster pricing, PawnMaster alternatives |
Shlomi Lavi / updated: Oct 01, 2022
Pawnmaster helps in providing an all in one site for managing all activities effectively. Some features of pawnmaster include purchase order management, e-commerce, returns management and order management. Data age business system is the developer and distributor of pawnmaster. Its located in the United States and was founded in 1988.
It is a niche solution designed specifically for all types of pawn broking businesses, allowing them to efficiently track and manage their inventory and therefore improving both their cash flow and resultant profits.
The software enables a pawn shop to implement standard operating procedures for the management of pawn items and financial processing.
It is designed to be simple to use and to provide pawn brokers single and multi-store options that allow both monitoring and operational control. PawnMaster is especially good for pawn brokers that want a solution which protects against employee embezzlement and customer fraud.
Currently there are over 2500 customers for PawnMaster in 29 different countries and include both small and large scale pawn brokers such as Mega Pawn & Jewellery in Florida and Cash Wiz in the Cayman Islands.
There is a good option designed especially for this business which allows for splitting and combining pawn items such as jewellery to sell as either packages, or individual items for better sales.
To prevent fraud PawnMaster has robust employee and inventory controls that include in built audit trails for both employees and products, cash management monitoring, as well as secure access using biometric and optical id scanning with multiple security levels.
Additionally Pawn Master is OFAC compliant to allow the pawn broker to monitor in real-time if any items they are dealing with are listed in federal or state criminal records to reduce theft.
PawnMaster can also help pawn brokers manage their business efficiently with detailed online reporting for shop revenue analysis, employee profitability and inventory costing. In this way the software ensures that the pawnbroker can reduce costs while improving overall revenues.
Finally unlike other products in the market there is a dedicated support team available to provide implementation and training, as well as support for existing customers with any problems or new requirements.
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Table of Contents
What is PawnMaster?
Pawnmaster is a cloud-based and on-premise business management software. Its developed to work well in small-sized businesses, medium-sized companies, and large-sized companies. The software help manage all activities in a business, thus allowing for more concentration on ensuring customers experience is excellent which increases profits.Pawnmaster helps in providing an all in one site for managing all activities effectively. Some features of pawnmaster include purchase order management, e-commerce, returns management and order management. Data age business system is the developer and distributor of pawnmaster. Its located in the United States and was founded in 1988.
Who is it best for?
PawnMaster is best suited for pawn brokers who are looking for a readymade solution to manage their business operations so they can focus on improving their revenue.It is a niche solution designed specifically for all types of pawn broking businesses, allowing them to efficiently track and manage their inventory and therefore improving both their cash flow and resultant profits.
The software enables a pawn shop to implement standard operating procedures for the management of pawn items and financial processing.
It is designed to be simple to use and to provide pawn brokers single and multi-store options that allow both monitoring and operational control. PawnMaster is especially good for pawn brokers that want a solution which protects against employee embezzlement and customer fraud.
Currently there are over 2500 customers for PawnMaster in 29 different countries and include both small and large scale pawn brokers such as Mega Pawn & Jewellery in Florida and Cash Wiz in the Cayman Islands.
Main features and functionalities
PawnMaster provides comprehensive tools for managing a pawn shop. This includes tracking of inventory & sales, managing repairs and forfeits, as well as maintaining detailed customer histories.There is a good option designed especially for this business which allows for splitting and combining pawn items such as jewellery to sell as either packages, or individual items for better sales.
To prevent fraud PawnMaster has robust employee and inventory controls that include in built audit trails for both employees and products, cash management monitoring, as well as secure access using biometric and optical id scanning with multiple security levels.
Additionally Pawn Master is OFAC compliant to allow the pawn broker to monitor in real-time if any items they are dealing with are listed in federal or state criminal records to reduce theft.
PawnMaster can also help pawn brokers manage their business efficiently with detailed online reporting for shop revenue analysis, employee profitability and inventory costing. In this way the software ensures that the pawnbroker can reduce costs while improving overall revenues.
Finally unlike other products in the market there is a dedicated support team available to provide implementation and training, as well as support for existing customers with any problems or new requirements.
What is the actual cost?
The cost of license starts at $60 per month. ITQlick pricing score is 5.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for PawnMaster. You can also find here pricing information from PawnMaster's website.Pros
- The software is cheap and affordable for any business size
- The software is easy to set up and use
- Pawnmaster is highly flexible to meet customers needs
- Regulatory compliance has been inbuilt and there is a dedicated software support team
- Intuit QuickBooks integration for financial transaction management is available in PawnMaster
Cons
- The tech support of the software is slow to respond
- The software is not easily integrated with other software
- The software does not allow for product customization and will require pawn brokers to adapt their procedures to the software
- The product requires migration of data from other pawn management systems to PawnMaster and does not guarantee a complete and clean data transfer
- Data loss and recovery is not guaranteed by PawnMaster unless you get their DigiShield off-site backup solution
How it stacks up?
Access a head to head analysis of PawnMaster vs alternative software solutions. ITQlick rating
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Frequently Asked Questions (FAQs)
Is PawnMaster right for you or your business?
Pawnmaster is developed to work perfectly in all business sizes, small-sized businesses, medium-sized businesses, and large-sized companies. Phone repair shops, gold dealers, pawn shops, salons and gun shops can use this software to manage their activities.List of categories
Retail & POS
Consignment POS
iPad POS
Retail
Rental
Retail CRM POS
Retail Customer Management
Retail Inventory POS
Retail e-Commerce
Restaurant POS
Touch Screen POS
eCommerce
List of features
Credit Card Processing
Customer History
Customer Management
Employee Management
Inventory Management
Reporting
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.