✓ 2% Monthly Interest Cap • ✓ 30-Day Terms • ✓ 60-Day Hold Period
Stop paying monthly fees. Missouri pawnbrokers using PPSS paid $695-$995 once for a lifetime license. Three years later? Still $695-$995 total. No monthly subscriptions, no annual price increases, no surprise renewal fees.
Handles Missouri's 2% interest cap, 30-day loan terms, 60-day hold periods, and storage/security charge tracking. (Click the Purple Video Button above for a software overview.)
Typical subscription: $300/month = $10,800 over 3 years.
PPSS: $895 once + $590 updates = $1,485 over 3 years.
Savings: $9,315 in three years. Over five years? $16,515.
Updates: $295/year or $737 once.
Missouri law (RSMo 367.021) caps secured personal credit loan interest at 2% per month on the loan amount. Pawnbrokers may also charge separately for storage and security of pledged property. The 2% interest is straightforward—$100 loan = $2 maximum monthly interest—but storage and security charges vary by shop and item type.
Pawnbroker Pawn Shop Software (PPSS) Missouri Edition calculates 2% interest automatically, tracks storage/security charges separately, manages 30-day loan terms with automatic renewal calculations, and monitors the 60-day hold period after default.
2% Maximum Monthly Interest (RSMo 367.021)
Missouri caps interest at 2% per month on secured personal credit loans. A $100 loan can charge maximum $2 monthly interest, $200 loan maximum $4 monthly interest. This is lower than most states—Tennessee (3%), Indiana (3%), North Carolina (variable).
30-Day Loan Terms with Automatic Default
Every secured personal credit loan is due in lump sum 30 days after the loan date (or 30 days after last extension). If not paid when due, the loan defaults the next day automatically. No grace period like Illinois (30 days) or Indiana (immediate 60-day redemption).
60-Day Hold Period After Default
After default, the pawnbroker must retain physical possession of the pledged property for 60 days. The customer can still redeem during this period by paying principal, interest, and charges. After 60 days without redemption, the pawnbroker may sell the property.
Missouri pawnbrokers using PPSS paid once for a lifetime license. Whether you're in St. Louis, Kansas City, Springfield, or Columbia, the same software handles your 2% interest calculations and 60-day hold tracking.
Lifetime license: $695-$995. Software updates: $295/year or $737 lifetime. No monthly subscription fees.
Mad Man Motor Gun & Pawn, Neosho, MO
"We've been running PPSS for four years now. Paid $895 once and that's it. Competitors wanted $295-$325/month for subscription software. Over four years, that's $14,160-$15,600. We paid $895 + $885 for three years of updates = $1,780 total. Saved between $12,380 and $13,820. Missouri's 2% interest cap is the lowest in the nation - we need every advantage we can get. PPSS calculates the 2% monthly interest perfectly, tracks storage and security charges separately like Missouri law requires, and handles the automatic 30-day default forfeiture. The $50,000 net assets tracking is built right in. For a state with such tight margins, PPSS's lifetime license model is a game-changer. We'll never go back to subscription software."
Eagle Rock Pawn, Barry County, MO
"We bought PPSS three years ago for $895. Best software decision we ever made. Subscription software in our area runs $275-$300/month. That's $9,900-$10,800 over three years. We paid $895 + $590 for two years of updates = $1,485 total. Saved between $8,415 and $9,315. Missouri's 2% monthly interest cap means we're working on razor-thin margins. Every dollar counts. PPSS tracks the 2% calculation automatically, separates storage fees like RSMo 367.031 requires, and handles the 30-day term and 60-day hold period. The $50,000 net assets requirement is tracked in the system. We're a small operation in Barry County but PPSS gives us the same compliance capabilities as the big Kansas City shops. The lifetime license means our software costs are fixed - no surprise fee increases eating into already tight margins."
From Neosho to Kansas City, Missouri pawnbrokers rely on PPSS to maximize profitability within the state's strict 2% interest cap.
PPSS calculates 2% automatically. Enter loan amount, interest populates. Storage and security charges tracked separately.
Standard Loan Timeline:
PPSS tracks all five dates automatically. Loan due soon? Report shows items maturing in next 7 days. Items approaching end of hold period? Flagged for potential sale.
Missouri requires pawnbrokers to execute and deliver a receipt containing:
PPSS maintains all required fields and can print receipts that meet RSMo 367.031 requirements.
Missouri requires municipal or county pawnshop licenses under RSMo 367.043. Each municipality or county issues licenses to applicants meeting state qualifications.
State Qualification Requirements:
Additional Requirements:
Note: PPSS does not track or manage the $50,000 net assets requirement. That is verified by your CPA and the licensing municipality/county. PPSS handles your transaction records and compliance reporting.
Basic License: $695
Professional License: $895
Multi-Station: $995
Software Updates (Year 2+):
