February 14, 2020 - Pawn Resources
Pawn shops like any other business are regulated closely by both federal and state laws. Most pawn shops work very closely with local police to report and turn over any stolen merchandise.
For these reasons, you must be prepared to present a valid state issued photo ID, and in many states, a fingerprint before you can pawn your item.
Don’t let this deter you. These regulations have been implemented to help significantly reduce the resale of stolen goods in many areas. If your item isn’t stolen, you have nothing to worry about.
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.More Articles