Choose a Pawn Shop in 2 Simple Rules

February 05, 2020 - Pawn Resources

Good pawn shops store their items in a secure way.

That’s because pawn shops know that an insecure storage facility is bad for business. If items are stolen or damaged while in their possession, customers won’t want to do business with them – which could potentially run their business to the ground. Beyond protection for your item, what else should you look for in a pawn shop? Here are two rules I tell people to follow when they’re looking for a pawn shop to do business with.

Only do business with people you’re comfortable with.

Make sure you find a pawn shop that you’re comfortable doing business with; meaning you are comfortable going to and from their location and have fair and respectful treatment from the pawnbroker. Disrespectful employees are not the type of people you want to do business with.

PawnGuru lets you message back and forth with pawn shops to encourage dialog. If a shop on our service has a “Top Shop” button next to it, you know we’ve vetted the shop and that they provide top quality customer service.

In general, we think it’s best to look for a pawn shop that has been established for several years and has a good relationship with people in the community. On the other hand, a lot of smaller upstart shops take their obligations seriously and provide superior customer service.

Check for a pawning license.

Before you do business with a pawn shop, make sure they are licensed to do business in your area. A pawn shop that is licensed follows strict state and federal regulations that protect you. This is a good indicator for securing your item since all items that are kept in storage are required to be covered by insurance in case items are stolen or damaged during their possession.

PawnGuru takes care to make sure all the shops on our sites are appropriately licensed. And you know if there’s a “Top Shop” button next to the pawn shop’s name that you’ll be in good hands.

Did you find a shop on our service that was particularly helpful? Or one that wasn’t? Let me know at help@pawnguru.com

David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

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