Comments on: Automated Coin Machines Taking Your Money https://www.coinnews.net/2007/07/26/automated-coin-machines-taking-your-money/ CoinNews delivers the latest World and US coin news Sun, 08 May 2011 03:46:33 +0000 hourly 1 https://wordpress.org/?v=7.0 By: JayKay https://www.coinnews.net/2007/07/26/automated-coin-machines-taking-your-money/#comment-3548 Sun, 24 Aug 2008 03:20:09 +0000 http://www.coinnews.net/2007/07/26/automated-coin-machines-taking-your-money/#comment-3548 My experience has been that these machines are heavily used by low-income people and those with limited English skills. Without getting into the language debate, it seems to me that Coinstar and its ilk are the coin equivalent of payday lenders and rent-to-own stores, taking advantage of people who don’t have the knowledge or wherewithal to seek out alternatives. Often, when I try to inform a Coinstar user that there are places (at least in my region) that will redeem coins for free, they tell me they have no idea how or where to do that.

OK, we’ve already got gobs of government micromanaging, but if payday lenders etc. are being reined in and ATMs are required to allow you to cancel before incurring a transaction fee, why shouldn’t these coin-counting machines at a minimum require users to acknowledge the 10% “convenience” charge and inform them that other sources may charge less/nothing?

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