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2 comments

OMG they want like 12%, that's just unbelievably outrageous, I was gonna cash in about 600 bucks worth but NO WAY am I paying them over 60 bucks for it...blows my mind. They need to drop the rate to 5% or less.

I've heard of charging for things but for a simple service that just shuffles coins around and gives you a receipt to take to a cashier, *** they've already made their money back a hundred or thousand fold on those machines.

I just can't accept that someone would so blatantly GOUGE people for an UNMANNED SERVICE. Don't turn your coins in here, find some other way (like I've been spending mine at grocery store self-checkouts and chucking in 20 bucks worth of coins at a time).

Product or Service Mentioned: Coinstar Coin Vending Machine.

Reason of review: Pricing issue.

I didn't like: Robber prices they try to charge.

Company wrote 0 private or public responses to the review from Aug 19, 2017.
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Anonymous
#1455839

Coinstar pays for the machine to be built and delivered. It maintains personel to service and manage the area reps.

The store gets a % of that fee. The company that picks up the coin gets part of that fee. They deliver the coins to brinks who process the coin bins and they get part of the fee. There are a lot of hands out for part of that fee.

I'm sure coinstar wishes they made that much on a transaction. All the costs of doing business. Even the banks have those processing fees, however a lot of times they eat the fees for their customers by moving them to their advertising budget to attract more customers. What if someone gave you $10,000 in pennies.

You would have to pay someone to pick them up, and where would he take them? You'd have to pay another company to take them off your hands to roll and process them..

Anonymous
#1364044

they have to pay people to drive to the machines and collect coins sort through garbage and service them then they need to make a profit. You can roll your own coins instead of complaining on a pissed consumer sight.

I was looking for info on a coinstar and saw your comment.

I hate *** people who cry about *** sh*t. Don't be lazy and keep your money or don't be poor and give your change to homeless people or charity.

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