Automated retail solutions provider Coinstar has introduced a new feature available at select Coinstar kiosks that enables consumers to add coins and paper currency into or withdraw funds from their PayPal account, as well as send money to another PayPal account.
The rollout began in February 2013 in the US and will continue at select kiosks throughout the year.
Coinstar and PayPal have conducted a test of the new service in the Dallas metropolitan area in 2012. The initial test results have revealed that 40 percent of kiosk users who used the PayPal feature went back to use PayPal on a Coinstar kiosk an average of two times a month.
At these Coinstar kiosks, PayPal users can:
• Add coins and paper currency to their PayPal account;
• Withdraw cash from their PayPal account (a voucher is issued to be redeemed in stores;
• Send funds to another PayPal user's account.
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