You don’t come across them often, but in certain industries a closed cash system can be a smart choice. Here’s what it is, what makes it unique, and especially what such a system costs.
What is a closed cash system?
A closed POS system is a fully secured cash solution without a cash drawer. Staff never touch the cash: visitors pay with cash, the system processes the payment automatically, and it gives exact change back.
There’s no manual handling of cash. No taking money, no mistakes with change, and no risk of open cash drawers. The system recognizes and processes bills and coins automatically, counts everything accurately, and secures it right away.
What does a closed cash system cost?
The price depends on the type of system and the features you need. On average, a closed POS system costs between €2,000 and €10,000.
The price depends on factors like:
- How much capacity it has for bills and coins
- Whether money is automatically sorted
- Whether there are separate slots for coins and bills
- The ability to connect with other systems
- Options like direct deposit into a secure safe
The more advanced the system, the higher the price.
The benefits of a closed cash system
Every POS system has its own advantages. Think about the compact size of a small POS system, how you can deploy your staff more efficiently at self‑service checkouts, or the fact that a closed system still allows cash payments even though it is digital. Here are some other benefits:
Save valuable time
Paying with cash usually takes longer than digital payments, because someone has to count the money, calculate change, and hand it back. With a closed POS system, that’s all done in one automatic step, saving a lot of time.
Maximum safety on‑site
Cash in a register always means there’s a security risk. It can easily be stolen or misplaced. Because with a closed POS system the money goes directly into the system and nobody can reach it, cash payments stay as safe as possible.
Never count cash manually again
A closed POS system automatically calculates the change to give back. Counting is automatic and accurate, so there’s never too much or too little change given.
No more cash discrepancies
Since staff don’t handle the money manually, there’s no chance for mistakes when giving change. That means no cash discrepancies.
Does a closed cash system fit your business?
A closed POS system is especially interesting when you handle a lot of cash payments and the amounts are relatively high, like in supermarkets or retail environments.
For quick service locations like snack bars, cafes, sports clubs, or events, another type of POS system is usually more suitable. Speed, customer flow, and digital payment methods play a bigger role there.
Why Twelve offers a better alternative
The trend is clear: cash payments are dropping fast. In 2023, only 18% of all transactions were still done in cash. Twelve’s solutions fit perfectly with this shift.
Our POS systems offer:
- The fastest transaction speed
- Support for all digital payment methods
- A connected back office for real‑time insight
- Easy management of your products, prices, and reports
If you still want to offer cash payments, we’re happy to help with solutions like club cards or other cash‑to‑digital options.
Have questions about closed cash systems or Twelve’s solutions?
We’ve explained when a closed POS system might be interesting and why the price range varies so much. At Twelve we don’t sell these systems directly, but we are experts in fast, user‑friendly POS software that’s perfect for locations with peak times and shifting staff.
If you want to talk about the best solution for your organization, feel free to contact us or join an online POS tour!
