Published Last updated Written and reviewed by the Resale Intelligence team
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Pawn contracts are not open to stores yet; the Pawnshop Act rules must pass legal review first. Meanwhile, pawnshops can use buying, selling and stock.
Not available yet
This capability opens only after it passes the required review. This page explains what it is and what you can use in the meantime.
Many pawnshops already use this system to buy and sell goods, but the part for writing pawn contracts is not open to stores yet. This article explains what you can use now, what is not open, and why.
What pawn means in this system
A pawn is a loan to the customer with an item left as security. The item still belongs to the customer until it is forfeited, so the system was designed from the start to keep pawn a different kind of transaction from buying.
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The money lent to the customer is the contract's principal, not a cost of the store's stock.
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A pawned item does not count as the store's stock for sale.
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Renewals, redemptions and forfeits are separate documents of each contract.
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Interest, fees and contract terms come from rules stored as data according to the law, not written into the program.
To understand how pawn, sale with right of redemption and buying differ, read Pawn, redemption sale and buying: the differences.
What pawnshops can use today
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Buying and selling second-hand goods, with purchase vouchers and receipts
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Stock, per-item costs and true profit
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Customers, identity checks and PDPA consent
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The store's cash and money accounts, reports and notifications
What is not open yet
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Writing pawn contracts, printing pawn tickets, renewals, redemptions and forfeits
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The outstanding pawn contracts report and contract due notifications
While it is closed, the Pawn menu does not appear, and opening a pawn page link directly shows a page-not-found message.
Why it is not open yet
Pawnbroking has its own law, the Pawnshop Act B.E. 2505, which covers the licence, what a pawn ticket must show, interest caps, and the periods for redemption and forfeiture. We open this part only after every rule has been entered in the system and checked by legal experts, with a second reviewer confirming, so that no store issues an unlawful contract without knowing it.
What to do meanwhile
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Use the system fully for buying, selling and stock.
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Don't record a pawn on the purchase screen. A purchase voucher means the seller has transferred ownership to the store, so stock, costs and profit would all be wrong.
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To hear when it is ready, sign up on Pawn management.