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.
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.
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?
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).
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.
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