About: Phillip Riley

Nowadays, there has been a surge in the number of reported cases involving counterfeit money worldwide. Although counterfeit money resembles original currency, it is possible to differentiate it from the real money using bill detectors or by studying a few physical characteristics of the bill texture, colours, inks or by passing it through a special scanner that is designed purposely for detecting counterfeit money. There are millions of dollars of counterfeit money circulating in different markets. This article is meant to enlighten people, especially business owners, with the knowledge to differentiate unauthentic bills from authentic ones. Counterfeit currency is no longer a concern for enterprises that accept credit card payments only. How to Detect Counterfeit Money? Counterfeiters at times, match a few security features, but not all of them. By taking into account these security features, it will be easy to tell a counterfeit bill. They include: Colour Shifting Ink The first step to tell whether a bill is counterfeit is to study the bill denomination on the bottom right-hand corner to find out whether it has the right colour… Read more “Ways To Tell a Counterfeit Bill”