Coinstar Begins Rollout Of PayPal Functionality On Select Kiosks
Customers can add up to $500 using coins and paper money to a PayPal account each calendar month. Coinstar's standard coin-counting fee of 9.8% applies when coins are added to a PayPal account. When using paper money, a $3 fee applies for transactions up to $300 and a $6 fee applies for transactions over $300. The fees for loading cash are among the lowest in the highly competitive prepaid market. Withdrawals are limited to $500 in a calendar month and $200 per day; each withdrawal incurs a $3 fee.
Coinstar, a Coinstar, Inc. (Nasdaq: CSTR) brand, is a leader in self-service coin counting services and owns and operates the only multi-national, fully automated network of self-service coin-counting kiosks. The company has approximately 20,300 coin-counting locations in
the United States,
Ireland and the
United Kingdom. Coinstar kiosks process about 50 billion coins a year, amounting to approximately
$3 billion. Coinstar makes it simple to convert coins to cash or consumers can receive no-fee coin-counting when choosing a gift card or eCertificate. For more information on Coinstar coin-counting visit
www.coinstar.com and for information on Coinstar, Inc., visit
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Coinstar, Inc. or PayPal as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, changes in the number and timing of anticipated locations, our ability to attract new retailers and penetrate new markets and distribution channels and the termination, non-renewal or renegotiation on materially adverse terms of contract terms with our significant retailers. The foregoing risks and uncertainties are illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Form 10-K filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
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