Coinstar Getting More Love from PayPal

When we think of counting coins PayPal isn’t the first thing that comes to mind. Yet PayPal and Coinstar continue to strengthen their relationship, announcing on Wednesday the expansion of PayPal supported Coinstar machines. If you are unfamiliar with Coinstar the platform has traditionally worked by counting a customers coins and then printing a receipt which can be exchanged for cash at a stores register. Now the company is testing machines in Texas, Northern California, and Ohio which turns that money into PayPal cash. Not only can customers add money to their PayPal account, they can also withdrawal cash already held in their PayPal account. The new Coinstar machines also allow PayPal users to send the money they deposit via spare change to other PayPal users. PayPal over the last year has been desperately attempting to expand its system outside of the internet. PayPal Here allows business operators to accept payments from mobile devices and the company’s payment platform is even offered at Home Depot, Jamba Juice and other major US retailers. In early testing in the Dallas metro area PayPal and Coinstar claim that 40 percent of users who try the PayPal feature use it more than one time. [...]

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