Common myths about Cash Converters – Debunked
When it comes to reasons why potential customers don’t visit Cash Converters, we have heard it all. Read on, as we debunk some myths and give you the lowdown on what we do – and why you should consider Cash Converters going forward.
Myth: Pawn shops are illegal or unregulated”
Fact: Pawn shops in SA are legal and strictly regulated
At Cash Converters, we buy, we sell and we loan cash. We buy and sell pre-loved quality items in working condition. This includes items such as electronics and tech, jewellery, power tools and a vast array of home and garden items. We know that during a desperate time, a little extra cash can be a lifesaver. With all our loans, we comply with the National Credit Act, so everything is ethical, legal and above board. Every time you take a loan from us, we charge an initiation fee, interest and a monthly service fee, but these amounts are fair and within set limits.
Myth: “You lose your item immediately”
Fact: Sell your items to us for cash and buy them back later
With our Buy-Back, you to get cash by selling quality household items to us and obtaining the right to buy them back within an agreed period. Both the purchase price and the Buy-Back price are negotiated and agreed upfront. Even better, we buy goods to a maximum value of R100 000, so that you truly have a practical and flexible way to access
proper
cash when you need it. You receive immediate payment for your item – and your item is kept safe and securely stored during the Buy-Back period. It is important to note, however, that Buy-Back transactions at Cash Converters are offered only in qualifying circumstances and at the store’s discretion.
Myth: “Only desperate people use Cash Converters”
Fact: Cash Converters is a must for budget-conscious shoppers, bargain hunters and collectors
Whether you are a working professional looking for refurbished tech, a DIY enthusiast looking for discounted power tools and hardware, a music or sports fanatic, or someone looking to buy authenticated jewellery at the fraction of the cost of buying it brand new, Cash Converters has you covered. We also buy and sell appliances, home and garden items, baby items, cell phones and laptops, gaming gear… just about anything else you can imagine. We can even offer you a loan if you need immediate cash. So why not pop into your nearest Cashies™ store or browse our website today to see how we can help you.