PawnMaster Review - why 4 stars?

PawnMaster Review
ITQlick Score: 80/100
ITQlick Rating:
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 LaviShlomi Lavi / updated: Oct 01, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

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
Score
Pricing
License pricing
Functionality
Review
Compare
PawnMaster
ITQlick rating
4/5
Score
80/100
Pricing
5.8/10
License pricing
$60 per month
Functionality
18
Compare
Rent it ...
ITQlick rating
3/5
Score
86/100
Pricing
4.4/10
License pricing
$129 per month
Functionality
7
NOVA POS
ITQlick rating
4.5/5
Score
85/100
Pricing
3.4/10
License pricing
$89.99 per month
Functionality
15
Profit P...
ITQlick rating
2.8/5
Score
85/100
Pricing
3.8/10
License pricing
$500 per license
Functionality
16
COMCASH ...
ITQlick rating
4.5/5
Score
84/100
Pricing
4.4/10
License pricing
$125 per license
Functionality
50

Frequently Asked Questions (FAQs)

Is it the best Retail Management POS system?

PawnMaster is ranked 12 out of 27 software in their category (Retail Management POS systems).

How they are rated on ITQlick?

The rating of PawnMaster is 4 stars out of 5 and the total score is 80 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, PawnMaster makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access PawnMaster on your mobile/smart phone.

What should we ask during a demo session?

Differences between PawnMaster and alternatives?

The most popular alternatives to PawnMaster in 2023: Rent it Biz, NOVA POS, Profit Premier, COMCASH Retail ERP, LimeLight. Access the complete competitors analysis here - PawnMaster VS Retail Management POS Software alternatives.

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

Website Linkedin profile Facebook Twitter

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.