There’s more than quick pawn shop services the eye in a pawn shop, whether it be a storefront staffed with friendly employees or the dark-lit showroom where reality series like “Pawn Stars” is filmed. But deciding to buy or sell at a pawn shop doesn’t always make the most sense financially from either perspective.

A pawnshop (also known as a pawnbroker or pawning shop) loans money to people who bring in items they no longer want or need, such as jewelry, tools and electronics. The items are stored in a secure location until the borrower returns to repay the amount of the loan with interest. The items are then sold – typically for much less than retail prices – to customers looking to find great deals on products.

“Cash for Jewelry: How Pawn Shops Can Help

While pawn shops have earned a bad reputation for being places where criminals sell stolen goods, there are a number of important safeguards that have been put in place to protect the integrity of the business and consumers. For example, many pawnshops are required to report all the merchandise they purchase or pawn on a daily basis to local law enforcement agencies. These reports include the model, serial number, brand and a detailed description of each item.

With over 35 years in the pawn industry, Quik Pawn offers financial services like cash advances and loans and sells quality merchandise like gold jewelry, tools and electronics. Customers can even take advantage of a low cost limited product protection plan on select items.