This post is brought to you by Cyndy from Mama Does It All! I’m glad to feature her experience using PayPal and Coinstar as I personally have used PayPal pretty much since it started and I’ve used Coinstar here and there when I have a bunch of change. I love, love the fact that Coinstar is now offering a way to put all of your loose change into your PayPal account. It definitely makes it more appealing to for me to use!
I have used both PayPal and Coinstar for several years. It was not until recently that I used them together. Earlier this month, I found out how easy it is to add funds to PayPal using Coinstar. Today I experimented with the reverse and I like how it worked. It was super easy too! My 4-year old daughter did most of the work and it only took a few minutes.
I use my PayPal account regularly, primarily to be paid as a blogger. If I request a transfer from PayPal to my local bank account, it takes about 3 – 4 business days before the funds are available to me. I also have the PayPal debit card to be able to get my funds faster, but I think that this may be a better solution for me – especially in a pinch. The fee on the Coinstar machine ($3) is comparable or in some cases less than ATM fees.
All of the Brookshire’s stores near our home feature a Coinstar machine so I can grab a few groceries after I grab the funds from my account. That is what Gwen and I did today. We tried out the Coinstar machine. withdrew funds from my PayPal account and picked up a few groceries. Sadly, I forgot my coupons at home (shhh, don’t tell anyone), but I did have the all important rain check for my daughter’s favorite Lunchables. And yes I know that Lunchables are frowned upon in some circles, but it’s her guilty pleasure and everyone should have one.
There are limits to how much you can withdraw per month using Coinstar, but it seems like it will be a great way to get funds from PayPal more quickly when needed and/or in a pinch. I honestly can see me using this on a regular basis – especially at the grocery store! I can’t ask for much more than the ability to quickly withdraw funds with just a few swipes of my finger.
You can see just how easy it was for Gwen and I to withdraw funds from PayPal on Google+. Admittedly, she is an incredibly bright 4-year-old, but she honestly did most of the work to withdraw the funds. And, even without remembering my coupons, we managed to stay in control and stay under budget – cold medicine and all!
PayPal and Coinstar continue to make it easier for us to access our own money. You can learn more about both by clicking on any of the links below:
I have been paid (at Coinstar’s request) to try and blog about Coinstar’s products/services as part of a Collective Bias shopper insights study. All opinions are my own.