Spare Change For Amazon.com?
from the it's-under-the-couch-here-somewhere dept
Jeff Bezos wants your spare change. Amazon.com has teamed up with Coinstar, the folks who put those machines in supermarkets everywhere and try to get you to dump your change into them in return for cash (for which they take an 8.9% fee). So, now, instead of being handed a receipt you can redeem at the grocery store register, you'll get a code you can use at Amazon.com. Apparently, if you get your coins redeem in Amazon dollars, Coinstar won't charge you the 8.9% -- which makes you wonder what Coinstar is getting out of the deal. Either way, it's an interesting way for Bezos and crew to try to get you to empty your piggy bank directly into the Amazon bank account.
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A Lebesgue Measure
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Re: A Lebesgue Measure
i recon coinstar will be keeping the money you put in until its reedeemed at amazon. how many ppl will cash in their change and then forget to reedeem their voucher online?
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That Dorpus comment in Googlejap
I expect Amazon will be paying Coinstar, in return for the additional business.
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What Coinstar gets out of it.
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Re: What Coinstar gets out of it.
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I give you $1, you give me $0.91. Good idea!
I suspect that Amazon is treating this like advertising, in that 8% (or less?) that CoinStar wants becomes a new sale.
-Mitch
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No Subject Given
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Re: No Subject Given
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