PawnSmarts comes set up for Missouri's 2% monthly interest cap, separate storage and security charges, 30-day terms and 60-day hold — so a clean ticket takes about 30 seconds and the math is always right.
Missouri pawn shop software is a point-of-sale and loan-management system configured for Missouri's pawn rules under RSMo Chapter 367 — the 2% monthly interest cap, separate storage and security charges, 30-day loan terms, the 60-day hold after default, and the receipt fields required by RSMo 367.031. It calculates each charge and due date to Missouri's rules so a pawnbroker can write a compliant ticket without doing the math by hand.
Missouri runs on some of the tightest margins in the country, so the software shouldn't add work. PawnSmarts ships pre-configured for Missouri — the 2% monthly interest cap, separate storage and security charges, 30-day terms, the 60-day hold after default, and RSMo 367.031 receipts. Scan the pledgor's license to auto-fill their details and the interest, due date and hold dates are already correct.
Missouri law (RSMo 367.021) caps interest on secured personal credit loans at 2% per month on the loan amount — among the lowest in the nation. A $100 loan carries a maximum $2 monthly interest. On top of interest, a pawnbroker may charge separately for the storage and security of pledged property, which varies by shop and item.
PawnSmarts is pre-set to apply the 2% interest automatically and to track storage and security charges as separate line items, exactly as Missouri law contemplates — so your records show interest and charges distinctly.
| Loan amount | Interest rate | Maximum monthly interest |
|---|---|---|
| $50 | 2% | $1.00 |
| $100 | 2% | $2.00 |
| $200 | 2% | $4.00 |
| $500 | 2% | $10.00 |
Every secured personal credit loan is due in a lump sum 30 days after the loan date (or 30 days after the last extension). If it isn't paid when due, the loan defaults the next day. After default, the pawnbroker must keep physical possession of the pledged property for 60 days; the pledgor can still redeem during that window by paying principal, interest and charges. After 60 days without redemption, the pawnbroker may sell the property (RSMo 367.040).
Missouri requires a receipt for each transaction containing specific fields. PawnSmarts captures and prints all of them:
PawnSmarts exports your transactions to LEADS Online and produces the police reports your local department expects, with OFAC checks built into intake. You control when reports go out; the data is already formatted correctly.
Missouri pawnshops are licensed at the municipal or county level under RSMo 367.043. Each municipality or county issues licenses to applicants who meet the state qualifications.
No lifetime-lease games and no per-station fees. PawnSmarts is $89/month for Essential or $129/month for Professional — month to month, cancel anytime, no contract and no setup fee. Prefer to own it? Professional is $2,995 one time. With integrated card processing the software can be free. We migrate your data for a one-time $395 and have you live in under 24 hours.
In a 2% state, every redemption matters. Professional sends 3 automatic SMS and email reminders before each loan is due, with secure links so pledgors can pay online and the loan updates instantly — fewer forfeitures, more redemptions. See it on the reminders page.
From St. Louis to Kansas City, Springfield to Columbia, moving to PawnSmarts is simple: send us your current data, we migrate it for $395, and you're running the same day. No contract, no setup fee, nothing to install. Explore what pawn shop software does, review US state licensing, or see the other states we serve.
Missouri law (RSMo 367.021) caps interest on secured personal credit loans at 2% per month on the loan amount — among the lowest caps in the United States. On a $100 loan, the maximum monthly interest is $2.00. In addition to interest, pawnbrokers may charge separately for the storage and security of pledged property. PawnSmarts applies the 2% rate automatically and tracks storage and security charges as separate line items as Missouri law contemplates.
Under RSMo 367.040, the loan term is 30 days from the loan date. If the loan is not repaid when due, it defaults the next day. After default, the pawnbroker must keep physical possession of the pledged property for 60 additional days — during which the pledgor may still redeem by paying principal, interest and charges. After 60 days without redemption, the pawnbroker may sell the property.
RSMo 367.031 requires pawn receipts to include the transaction date and location, pledgor name, address and description, driver's license or other official ID number, a description of the pledged goods including serial numbers if available, the amount of cash advanced or credit extended, and the maturity date and finance charges. PawnSmarts captures and prints all of these fields automatically with every transaction.
Missouri pawnshops are licensed at the municipal or county level under RSMo 367.043. State qualifications require applicants to be at least 18 years old, have net assets of at least $50,000 readily available per licensed shop (which may require independent CPA verification), demonstrate the shop will be operated lawfully and fairly, and have no disqualifying felony or misdemeanor convictions related to pawnbroker duties. Shops may not be located within one-half mile of an excursion gambling boat dock or facility.
Pawn shop software generally runs from about $89 to $350 per month depending on features and number of stations. PawnSmarts is $89/month for Essential or $129/month for Professional — month to month, no contract and no setup fee — or $2,995 as a one-time purchase, and it can be free with integrated card processing.
Open the live demo and click around. If it looks right, sign up and we'll move your data for $395.
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