What is Coinstar for financial?
With Coinstar for Financial, your team can say goodbye to the risk of injury from hauling coin bags. 100% managed maintenance and cash logistics. Simplify what you ask from your branch team members by eliminating time spent performing machine maintenance and coordinating coin pickups.
How did Coinstar become one of the fastest growing companies?
This meant that all the customer had to focus on was how they were going to spend the cash they got back. By 1992, the kiosk was ready for its first installation and Coinstar was subsequently named one of the fastest growing companies in the US.
What is a Coinstar coin-cashing machine?
The typical Coinstar coin-cashing kiosk is green and the size of a large vending machine. They are located at grocery stores, drug stores, larger merchants, banks or other retail locations. The coin-counting service is available in the US (including Puerto Rico), Canada, Ireland and the UK.
How do Coinstar kiosks work?
Coinstar® kiosks turn the coins you toss in a jar into something you really want–like cash, a NO FEE eGift Card, or a charity donation. About Coinstar We empower consumers by transforming what they have into what they want. Cash in Coins Coinstar See How It Works Get Cash Get cash for your coins Choose an eGift Card No fees!
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Who owns Coinstar?
Apollo Global ManagementCoinstar / Parent organizationApollo Global Management, Inc. is an American global private equity firm. It provides investment management and invests in credit, private equity, and real assets. Wikipedia
How much is Coinstar worth?
CoinstarFormerlyCoinstar, Inc. (1991-2013) Outerwall, Inc. (2013-2017) Coinstar, Inc. (2017-present)Total assetsUS$ 1.48 billion (2011)Total equityUS$ 531 million (2011)OwnerApollo Global Management (2016–present)Number of employees400+ (2020)13 more rows
How does Coinstar make money?
You do not pay a fee; however, Coinstar retains a 10% processing fee from your donation amount for national charities and a 7.5% processing fee for regional charities. See Charity Partners for information.
Are coin machines profitable?
Owning a coin machine can deliver returns of more than seven times the original investment when calculated over the lifetime of the machine. For example, when you own the machine, you decide what usage fee to charge and you keep the profit, not a third party.
How much does Coinstar charge for 150?
Coinstar's processing fee is 11.9%. To avoid the processing fee, you'll have to choose to receive an e-gift card instead of cash. Before you choose to get a gift card, review the list of participating restaurants and retailers.
Is there an alternative to Coinstar?
So your best bet is to find a local credit union or small community bank that will count your change for free. MyBankTracker.com has a 2022 list, but it includes only a handful of institutions, and most offer the service only to their existing customers.
Does Walmart still have Coinstar?
Coinstar. Turn coins into cash, a charity donation, or a no-fee eGift card from top brands at a Coinstar kiosk in Walmart. In-store only. We'd love to hear what you think!
Is there a maximum for Coinstar?
Minimum amount: $10.00. Maximum amount: $100.00. As you can see, all of them require at least $5 to get an e-gift card. If you don't have enough coins to get a gift card, don't use Coinstar.
How do you buy a Coinstar machine?
0:021:19How To Buy Bitcoin at Coinstar Kiosks, Powered by Coinme - YouTubeYouTubeStart of suggested clipEnd of suggested clipOnce you approach the kiosk simply tap on the screen where it says buy bitcoin powered by coinme.MoreOnce you approach the kiosk simply tap on the screen where it says buy bitcoin powered by coinme. Before you're allowed to continue with your purchase you must review our terms and conditions.
Are coin pushers rigged?
Thanks to a few minutes of Internet research, I was able to debunk Piyus' claim that coin pushers are rigged with magnets, owing to the fact that American coins no longer contain enough nickel to make them reactive!
How much money can you make off a coin pusher?
0:080:48How Much Do We PROFIT From Coin Pushers? - YouTubeYouTubeStart of suggested clipEnd of suggested clipThe total product cost of just 13 altogether the money earned from this machine is split 50 50 withMoreThe total product cost of just 13 altogether the money earned from this machine is split 50 50 with the location that makes a profit for us of 216. Dollars for one month which is fantastic.
How do high limit coin pushers work?
Players drop coins of their own into the machine and onto a platform that constantly moves backward and forward. The aim is to set off a chain reaction that will push coins or prizes off a second, stationary platform and into a payout tray below.
How much commission do Coinstar machines take?
a 10.9%Trading in your loose coins at Coinstar is easy. Just pour your coins into a machine and let us do the work. Choose one of our two convenient options: get cash, which has a 10.9% processing fee or charity which has an 8.9% fee. All fees may vary by location.
How do you buy a Coinstar machine?
0:021:19How To Buy Bitcoin at Coinstar Kiosks, Powered by Coinme - YouTubeYouTubeStart of suggested clipEnd of suggested clipOnce you approach the kiosk simply tap on the screen where it says buy bitcoin powered by coinme.MoreOnce you approach the kiosk simply tap on the screen where it says buy bitcoin powered by coinme. Before you're allowed to continue with your purchase you must review our terms and conditions.
Where can I exchange coins for cash for free?
5 Best Places to Cash Coins for FreeQuikTrip.Bank of America.Wells Fargo.USBank.Select Credit Unions.
Does CVS exchange coins for cash?
This summer, CVS/pharmacy will begin offering customers the chance to convert their coins into a CVS card using the Coinstar Center kiosks located in its stores. The Coin to Card service allows consumers to convert their loose change to a CVS card at the Coinstar kiosk and pay no coin-counting fee.
What happened to the Outerwall truck?
The armored truck sent by Outerwall to Knowles's home sank into the mud in his yard after being loaded with the 4.5-ton collection, and needed to be rescued by a tow truck. On March 14, 2008, an employee was arrested for stealing $441,000 from Coinstar machines in Washington, Oregon and California.
How much money does outerwall process?
Outerwall has processed more than 350 billion coins in its nearly two decades of operation, with an average transaction amount of about $38. The largest single transaction was $13,000 in pennies from a man in Alabama.
What is a coin star kiosk?
The new logo was launched in 2011. The typical Coinstar coin-cashing kiosk is green (blue in the UK) and the size of a large vending machine. They are located at grocery stores, drug stores, larger merchants, banks or other retail locations.
Where are Coinstar kiosks located?
Coinstar's kiosks are in the front of stores (between the cash registers and the exit/entrance). The company has more than 60,000 kiosks offering a variety of services in the US, UK, Ireland, Canada, Puerto Rico and Mexico. Coinstar also produces machines that provide prepaid credit cards and e-payment kiosks .
When did Outerwall sell its business?
In September 2009, Outerwall sold its entertainment business, which included skill cranes and bulk vending, to National Entertainment Network.
How much is coin counting fee?
The coin-counting processing fee, deducted from the total once coins have been counted, is 12.5% in the USA, 11.9% in Canada, 8.7% in Ireland, and 10.9% in the UK, unless the kiosk is located inside a bank branch, in which case this fee will not apply for account holders. Some machines may offer a lower rate; in this case the store hosting the machine has subsidized the rate.
When did Outerwall discontinue?
Subsequently, on December 9, 2013, Outerwall's former CEO, J. Scott Di Valerio, announced it would discontinue three new ventures: Redbox's Rubi, Crisp Market and Star Studio, and lay off 8.5% of its workforce.
I have millions of users, but no businesses use it
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It feels like every other day there's a post in here along the lines of "I'm starting a web design company, how do I go about creating my first website?" or "I'm creating a sales consulting firm, how should I obtain my first few customers?"
Or "I'm starting an accounting firm but I'm not sure what type of business to file under for the best tax breaks?"
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What books are recommended for the starting a business? Step by step information?
What books are recommended for the starting a business? Step by step information?
What is coin to deposit?
Coin to Deposit makes coin more usable than ever. With a simple debit card swipe, consumers can deposit their coin balance directly into their account. This means more convenience for consumers…and greater deposit volume for your institution.
Does Coinstar have maintenance?
Coinstar’s technology and maintenance programs keep our kiosks up and running with minimal service interruptions. Consumers don’t have to worry that they’ll bring their coin into your branch and find that the kiosk is down.
Can you redeem coins for cash?
Consumers can elect to receive a voucher to turn their coins into cash, redeem coins for an eGift Card to popular retailers and restaurants, or support their favorite causes by donating coins to charity.
Who owns Anthony kiosks?
All of our Anthony kiosks are owned, serviced, and managed by Coinstar, so our programs can be implemented with significantly less risk than owned solutions.
Overview
Coinstar, LLC (formerly Outerwall, Inc.) is an American company operating coin-cashing machines. On September 27, 2016, Apollo Global Management, LLC acquired Outerwall, Inc. for $52.00 per share in cash. After the acquisition, former components of Outerwall, Redbox, Coinstar, and ecoATM (which includes Gazelle) became separate business entities.
History
The company was founded in 1991 as Coinstar, Inc. and is headquartered in Bellevue, Washington.
Outerwall cooperated with the US Mint in the introduction of the Golden Dollar at the beginning of the millennium and encouraged people to use coins rather than notes.
Coinstar kiosks
The typical Coinstar coin-cashing kiosk is green (blue in the UK) and the size of a large vending machine. They are located at grocery stores, drug stores, larger merchants, banks or other retail locations. The coin-counting service is available in the US (including Puerto Rico), Canada, Ireland, and the UK.
To process coins, loose change is poured into the machine. In the United State…
Competition
In some sections of the UK., regional banks have begun offering free coin-counting services in the amount of a gift card. Refunds are often given in cash rather than in the form of a gift card. In some cases, it is not even necessary for the customer to have an account at the bank; the free service is offered as a way to attract new business from individuals who are not current account holders. TD Bank's "Penny Arcade" coin counters were free and available to both customers and …
Publicity
On May 9, 2006, Outerwall sued rival Coin X change over a patent dispute around the use of voucher-issuing machines, remote reporting of the coin machines' status and anti-counterfeiting technology for printed vouchers.
To generate publicity, Outerwall offered to cash in over 1.3 million pennies collected over four decades by Flomaton, Alabama resident Edmond Knowles after Knowles's bank refused to cash t…
External links
• www.coinstar.com
• StartupStudio [Archived] In depth interview with Jens Molbak covering the story of how Coinstar began, recommendations for entrepreneurs, childhood experiences that helped Jens succeed, etc. Copy of StartupStudio podcast at AllBusiness