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A comment on Why do U.S. coins seem to be in short supply?. Parent comment

Re:Why do U.S. coins seem to be in short supply? by tomschlick on Sunday July 19, 2020 @11:45PM (#23894499)
Pro tip: Coinstar wont take a cut if you get it as a gift card. The times I've used them I just opt for an Amazon Gift card or one for the local grocery chain that I'm already going to be spending money at.
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Re:Why do U.S. coins seem to be in short supply? by pxx on Monday July 20, 2020 @02:27AM (#23895194)
That's, uh, taking a cut, albeit a smaller one. You'll lose the cashback or other rewards that you would've gotten for using a credit card. Gift cards can also commonly be obtained for under face value.
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Re:Why do U.S. coins seem to be in short supply? by ljf on Monday July 20, 2020 @03:24AM (#23895500)
If you don't have a bank account then it is a good deal to change for free. I doubt those without a bank account have credit cards with good cashback deals.
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Re:Why do U.S. coins seem to be in short supply? by loco5niner on Friday July 31, 2020 @07:18PM (#24015458)
But spending coins doesn't give you cash back rewards either.
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Re:Why do U.S. coins seem to be in short supply? by bobbean on Monday July 20, 2020 @04:45AM (#23895952)
Where does Coinstar's cut come from then? Wouldn't they be giving back the same amount you put in?
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Re:Why do U.S. coins seem to be in short supply? by umeshunni on Monday July 20, 2020 @12:46PM (#23899557)
Giftcards are typically sold to retailers at a discount (i.e. Amazon sells $100 gift cards for $95 or something).
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Re:Why do U.S. coins seem to be in short supply? by forgotmypw17 on Monday July 20, 2020 @05:06AM (#23896077)
They probably get a referral fee from Amazon or whoever redeems the gift card.
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Re:Why do U.S. coins seem to be in short supply? by AtomicOrbital on Wednesday July 22, 2020 @07:03AM (#23915750)
no, the machine takes the cut by giving you back less than you put in
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Re:Why do U.S. coins seem to be in short supply? by LorenPechtel on Monday July 20, 2020 @12:47PM (#23899570)
Yup. Last year I got rid of a whole bunch of coins that were lying around. I took it as a gift card for the local hardware, then went over to the hardware and spent the money.
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Re:Why do U.S. coins seem to be in short supply? by ilikepi on Monday July 20, 2020 @01:02AM (#23894783)
That's great for Amazon, and for people who shop at Amazon...
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Re:Why do U.S. coins seem to be in short supply? by tomschlick on Monday July 20, 2020 @01:11PM (#23899844)
Right, so > 75% of online shoppers...

https://www.cnbc.com/2017/12/19/more-than-75-percent-of-us-o...

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