PawnMaster Review - why 4 stars?

PawnMaster Review
ITQlick Score: 80/100
ITQlick Rating: (4/5)
Pricing: 5.8/10 - average cost
Category: Retail Management POS -> PawnMaster
Ranking:Ranked 11 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: Sep 06, 2021

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. Learn more by reading our advertiser disclosure.

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.

What is PawnMaster rating? ()

The rating of PawnMaster is 4 stars out of 5 and the total score is 80 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are PawnMaster's typical customers?

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.

Is PawnMaster the best Retail Management POS?

PawnMaster is ranked 11 out of 27 software in their category (Retail Management POS systems).

What are their 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 are PawnMaster's pros? (5 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

What are PawnMaster's cons? (2 cons)

  • The tech support of the software is slow to respond
  • The software is not easily integrated with other software

Who are their main alternatives?

The two main competitors for pawnmaster are Fishbowl and Tradegecko Unlike pawnmaster which is a cloud-based and on-premise software, fishbowl is a cloud-based business management software. Fishbowl is designed to work well in medium-sized companies and large-sized companies, unlike pawnmaster which works well in all business sizes. Some features of fishbowl include CRM, employee management, and multi-location while those of pawnmaster include order management and e-commerce.

Available online review shows that the rating of fishbowl is 3.9 while the rating of pawnmaster is 4.1. Tradegecko is on-premise business management, unlike pawnmaster which is both a cloud-based and on-premise software.

Tradegecko is designed to work perfectly in large-sized organizations with high growth e-commerce brands, unlike pawnmaster which works well in all business sizes. Some features of tradegecko include loyalty program, multi-location and mail order while the features of pawnmaster include returns management and e-commerce. Available online review shows that the rating of tradegecko is 4.5 while the rating of pawnmaster is 4.1

What is the cost of PawnMaster?

The cost of license starts at $60 per month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 5.8 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for PawnMaster

What should you ask DATA AGE BUSINESS SYSTEMS, INC. during a demo session? (65 questions)

Schedule a demo with PawnMaster and access 65 must ask questions for the vendor while watching PawnMaster in action. Visit the vendor's website here.

Is it the right software for you?

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

PawnMaster Vs. Alternatives

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
ITQlick rating
3/5
Score
86/100
Pricing
4.4/10
License pricing
$129 per month
Functionality
7
Review
NOVA
ITQlick rating
4.5/5
Score
85/100
Pricing
3.4/10
License pricing
$89.99 per month
Functionality
15
Review
Profit
ITQlick rating
2.8/5
Score
85/100
Pricing
3.8/10
License pricing
$500 per license
Functionality
16
Review
COMCASH
ITQlick rating
4.5/5
Score
84/100
Pricing
4.4/10
License pricing
$125 per month
Functionality
50
Author

Shlomi Lavi

Website Linkedin Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.