Convenience Store Robbery Cash Handling

Convenience store robbery is a major concern to many late-night retail store operators. * Will bad cash handling attract robbers to your store? * Does poor cash handling contribute to employee theft? * What cash handling best practices will prevent robbery? * What tools prevent convenience store robbery and manage cash? * Options to safely manage convenience store bank deposits? Podcast Time Stamps [01:16] – Introduce Convenience Store Decisions writer Pat Pape. [01:37] – Correlation: cash handling and convenience store robbery. [02:15] – Best practice for managing cash in convenience stores. [05:00] – Convenience store robbery is a selection process. [07:00] – Policy: Never accept bills larger than $20. [08:00] – Immediately drop all $20 bills in view of the customer. [11:00] – No c-store should cash large checks as a business practice. [17:18] – Prevent convenience store robbery invest in a cash controller. [22:30] – Thoughts about moving cash between registers and backroom. [27:50] – How, were, and when to safely manage bank deposits. [32:30] – Other convenience story robbery prevention techniques. There is an absolute correlation between cash handling and retail store robbery.Tweet This Example of high-risk cash handling. Show Notes – 017 Convenience Store Robbery Prevention I was contacted by Pat Pape. She is a writer for C-Store Decisions Magazine. She asked tough questions about cash handling and its affect on convenience store robbery: * Is there a correlation between cash handling and convenience store robbery? * What are some examples of how bad cash handling contributes to convenience store robbery? * What are some examples of best practices for cash handling procedures? * How should a retailer go about training and enforcing cash handling procedures? * Are there other convenience robbery prevention techniques that should be combined with good cash handling? Unsecured change storage is bad cash handling Steps to Better Cash Handling * Make a commitment to convenience store robbery prevention. * Learn ways to operate with the least amount of available cash. * Set high-standards of accuracy and cash accountability. * Hire cashiers that have necessary cash handling skills. * Train cashiers to adhere to maximum drawer-cash limit. * Use a timed-access cash controller with drop safe. * Drop $20 bills immediately in presence of customer. * Use the cash controller time-delay vend system to make change. * Drop extra cash in numbered envelopes in $20 increments. * Train cashiers to record drops by number for fast accounting. * Make one or more daily bank deposits to remove cash from stores. * Don’t get a reputation for cashing paychecks…it’s too risky. Links to Things Mentioned in this Episode * C-Stores Decisions Magazine * Tidel Cash Management Systems * Crime School subject matter is influenced by your feedback. I encourage you to contribute ideas for future discussion.