Coinstar has been helping loose-change finders make sense of their cents by lugging a laundry bag full of nickels down to their local grocery store in order to bypass the mind-numbing work of counting your loose change. Up until now, Coinstar was able to deliver cash or a number of gift cards in exchange for your change, but today, the company is announcing PayPal transactions will now be possible from Coinstar machines.
There are three ways for you to interact with your PayPal account at a Coinstar machine. You can add coins or paper currency in order to have the amount deposited into your PayPal account, withdraw cash from your PayPal account or send funds to another PayPal user’s account. Customers depositing money into their PayPal account will only be allowed to deposit up to $500 each calendar month. You should also probably know Coinstar’s standard 9.8% coin-counting fee applies for coins added to your PayPal account.
You should also probably know Coinstar’s standard 9.8% coin-counting fee applies for coins added to your PayPal account. Cash will also receive a $3 fee for all transactions up to $300, while a $6 fee will be applied to any transaction over $300. Withdrawing money also incurs a $3 fee. At least simply passing by the Coinstar machine as you scoff at their fees is completely free, that is, until they find a way to charge people just for passing by their machines.
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