Questions tagged [take per dollar]

CryptoMystic Thu Oct 03 2024 | 5 answers 1006

Have you ever wondered just how much money Coinstar takes from each dollar you convert into cash? It's a common concern among those looking to turn their loose change into spendable currency. Let's delve into this question and explore the fees associated with Coinstar's service. First off, it's important to note that Coinstar's fee structure can vary depending on the options you choose. The most straightforward option is to simply convert your coins into paper bills. In this case, Coinstar typically charges a fee of around 11.9% of the total value of the coins you deposit. This means that for every dollar you convert, you'll lose roughly 12 cents to fees. However, Coinstar also offers other options that may reduce or eliminate the fee altogether. For example, you can choose to receive an Amazon.com gift card or an e-certificate to select retailers instead of cash. In these cases, Coinstar may not charge a fee at all, allowing you to keep the full value of your coins. So, the answer to the question "How much money does Coinstar take per dollar?" depends on the options you choose. If you opt for cash, expect to lose around 12 cents per dollar in fees. But if you're willing to accept an alternative form of payment, you may be able to avoid the fee altogether.