✓ 10-Point Records • ✓ 30+15-Day Holds • ✓ Tiered Interest Rates
Stop paying monthly fees. Virginia 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 Virginia's tiered interest rates (10%/7%/5%), 30-day terms with 15-day grace periods, and digital ID capture requirements. (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.
Virginia doesn't have a single interest rate for all loans. Interest is tiered by loan amount: 10% on loans $25 or less, 7% on $25–$100, 5% on $100+. This means different loans have different interest rates based on principal. Generic pawn software has one "interest rate" field. Virginia law requires three different rates with automatic tier selection.
Pawnbroker Pawn Shop Software (PPSS) Virginia Edition includes 10-point transaction records, 30-day minimum term plus 15-day grace period, digital ID image capture (military ID exception), tiered interest calculation (10%/7%/5%), and $50,000 bond tracking with circuit court authorization management.
Tiered Interest Rates by Loan Amount
$20 loan? 10% interest. $80 loan? 7% interest. $150 loan? 5% interest. The software needs to know the principal amount and automatically select the correct tier. A Richmond pawnbroker with 15 employees told us: "We paid $695 once in 2020. The 10-point record fields keep everything organized—height, weight, DOB, race, gender, hair and eye color all have their own fields."
30-Day Term + 15-Day Grace = 45-Day Hold
Virginia requires a minimum 30-day term, plus borrowers get a 15-day grace period. That's 45 total days before forfeiture. Motor vehicles require additional DMV compliance. A Northern Virginia dealer tracks 200+ items with automatic 45-day hold calculations—maturity date, grace period end, forfeiture date all computed automatically.
$50,000 Bond Requirement + Circuit Court Authorization
Virginia requires each pawnbroker to post a $50,000 bond and obtain circuit court authorization before obtaining a license. This is managed outside the software as part of your initial licensing process. PPSS handles your daily transaction records, 10-point customer information, and digital ID image capture for ongoing compliance.
A Richmond shop switched in 2020—they've paid exactly $695 since then, not a penny more. Five years later, they've paid nothing since the initial purchase.
"We paid $695 once in 2020. The 10-point record fields keep everything organized—height, weight, DOB, race, gender, hair and eye color all have their own fields. No more cramming into notes."
— A Richmond pawnbroker
Earl Hackworth, Sugar Daddys, Altavista, VA
"We've been using PPSS for six years now and it's been absolutely solid. Paid $895 once for Professional edition. That's it. Our competitor down the street pays $300/month for subscription software = $21,600 over six years. We paid $895 + $1,475 for five years of updates = $2,370 total. We saved $19,230. Virginia's tiered interest rates - 10% on loans under $25, 7% on $25-$100, 5% over $100 - are built right in. PPSS picks the right rate automatically based on loan amount. No mistakes. The 10-point customer records keep everything organized: height, weight, DOB, race, gender, hair color, eye color, ID number, address, phone. Digital ID capture is built in. The 30-day term plus 15-day grace period tracking is automatic. When that 45 days hits, we know exactly when items can be forfeited. For a small town shop in Altavista, this software gives us the same professional capabilities as big Richmond operations. Best decision we ever made."
From Norfolk to Roanoke, Virginia pawnbrokers rely on PPSS for automatic tiered rate compliance and 10-point record keeping.
PPSS selects the correct tier automatically based on loan amount. No manual rate selection.
Hold Timeline Example:
Virginia Bond Requirements:
Note: Bond and licensing are handled through your circuit court and surety company. PPSS manages your daily transaction records, customer information, and compliance reporting once you're licensed.
Paid $695 once in 2020. Five years later: nothing since. 10-point fields keep everything organized for inspections.
Height, weight, DOB, race, gender, hair, eye color—each has its own field. Richmond shop with 15 employees uses this daily.
Automatic tier selection based on loan amount. $20 loan gets 10%, $200 loan gets 5%—no manual selection.
30-day term + 15-day grace = 45 days total. Northern Virginia dealer tracks 200+ items with automatic calculations.
Attach digital images of government-issued ID. Military ID exception: alternate photo or customer photograph for compliance.
Attach digital images of government-issued ID. Military ID exception: alternate photo or customer photograph.
Q: How does PPSS handle Virginia's tiered interest rates?
A: Enter loan amount, software selects correct tier: 10% ($25 or less), 7% ($25-$100), or 5% ($100+). Automatic—no manual rate selection.
Q: What's the 30+15-day hold period?
A: Minimum 30-day term, plus 15-day grace period = 45 days total before forfeiture. PPSS calculates all three dates automatically.
Q: What about the $50,000 bond requirement?
A: Virginia requires a $50,000 bond and circuit court authorization for licensing. This is handled through your surety company and local circuit court. PPSS manages your ongoing transaction records and compliance reporting once you're licensed.
Virginia Pawnbrokers:
800-710-6184
Monday–Friday: 9:00 AM – 5:00 PM Eastern Time
