How to Spot Counterfeit Money

When retailers accept fake bills, they bear the entire burden of the loss. And thought it's true that counterfeiters' techniques are getting more and more complex, there are numerous things retail employees can do to detect counterfeit money.

Paul Davis, a writer who covers crime and security for newspapers, magazines and the Internet, says that if you receive a counterfeit bill, you can’t recoup your money, but the Better Business Bureau (BBB) says that businesses can claim losses due to counterfeit money as an income tax deduction.

Among the tips from the U.S. Secret Service:

• Hold a bill up to a light and look for a holograph of the face image on the bill. Both images should match. If the $100 bill has been bleached, the hologram will display an image of Abraham Lincoln, who appears on the $5 bills, instead of Benjamin Franklin.

Read the entire article for more tips on spotting counterfeit bills.
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