Have you ever tried to convert all the coins you’ve collected over time? If so, you probably learned that the bank wants them already sorted, counted, and wrapped. When you take your loose coins to coin-counting machines, the vendor wants to take a percentage.
To avoid processing fees, there’s an alternative solution. You can look for a gift card kiosk. The most popular brand is the Coinstar gift card exchange kiosk. The kiosks are found in Walmart and CVS.
Keep reading to learn more about gift card exchange kiosks.
Is the Gift Card Kiosk Safe?
Yes, gift card kiosks are safe to use. We recommend looking for Coinstar gift card exchange kiosks in reputable store locations. Also, look for information on the kiosks before using them. We also recommend visiting the vendor’s website to look for more information about the company and its user policy.
Is it Free to Use?
Before using any gift card exchange system, look for information on fees. With Coinstar, there are no fees for exchanging coins for gift cards, and however, they do have a fee for converting coins to paper bills.
Currently, the fee is 11.9% for coins to cash. This fee may seem like a lot, especially if you have a large number of coins. Converting to popular store gift cards is a valuable alternative, because you get 100% dollar-for-dollar value.
Kiosks that allow users to get cash for unused gift cards typically keep about 8 – 10% of the card’s retail value.
What Type of Gift Cards Are Dispensed?
The gifts cards dispensed from a gift card kiosk are paper e-gift cards. You can use them in stores or make purchases on retailers’ websites.
What Gift Cards Are Offered?
What makes gift card exchange kiosks a win-win alternative is the gift cards are to stores you’re most likely to use. Here is a brief list.
This list is not all-inclusive, and the gift card for the store you want may not be available when you’re making your exchange. The kiosk will provide the most current availability of gift cards.
Also, keep in mind, each gift card exchange kiosk provider will have a separate list of stores offering gift cards.
How Long Does It Take?
The process is quick and based on the number of coins you have to exchange and the number of gift cards you choose. The gift card is generated after all coins have been counted, and the user agrees to the amount.
It’s Time to Empty the Coin Jar
As you can see, gift card Kiosks are a quick, convenient way to convert those coins you’ve been collecting into cash or gift cards. It’s quick and convenient.
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