Pawnbroker Pawn Shop SoftwareTM
2001-2016 Consignment Software
♦ Credit Cards
9.2.2014 - Burrell pawn forms are now supported in all states.
11.11.2013 - New Online User's Manual
6.12.2013 - PPSS introduces customized pawn forms.
5.11.2013 - All editions of PPSS have been upgraded with Microsoft's Visual FoxPro 9.0 programming language to create and manage a robust high-performance 32-bit or 64-bit database application.
A Jewelry Pawn Shop is the most common type of pawnshop and car title pawn is a popular type of pawn.
A pawn broker is one who lends money (usually at high interest rates), taking marketable assets like gold, jewelry and car titles from pawners as collateral. The amount is typically 40-50% of the value of the pawned item. On repayment plus interest, the pawned article is returned to the borrower. If payment is not made on time, the pawn becomes the property of the pawn broker and the debt is canceled.
A pawn ticket is issued to the pawner as a transaction record, including names and addresses, loan amount, terms and conditions.
A pawn broker might also purchase items outright in hopes of reselling them at a higher price. This is usually done when the pawn shop broker thinks the asset may be sold fairly quickly and/or at a high mark up.