PayPal and Coinstar are testing a secure way for consumers to fund their PayPal accounts with cash and coins at select grocery stores through Coinstar kiosks. A pilot test began in the Dallas metropolitan area last year, and has already seen quick adoption and interest from both PayPal and Coinstar users, according to a blog by Dan Schatt, head of financial innovations at PayPal.
"The results have been impressive. We've found that 40 percent of our testers go back to use PayPal at Coinstar machines again and through survey research, we're getting high marks from our users on the integration," he wrote
At the Coinstar machine, users follow the prompts to either load funds into or withdraw funds from their PayPal accounts. To receive cash, they redeem withdrawal vouchers in store. To access newly-loaded funds at a later time, they must login to their PayPal accounts at home or from their mobile devices.
"It's really that easy," Schatt said.
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"... and has already seen quick adoption and interest from both PayPal and Coinstar users, according to a blog by Dan Schatt, head of financial innovations at PayPal."
Dan, of course, is seriously hallucinating and should seek medical help ...
Read about it and weep, John Donahoe …
In addition to Visa’s V.me, there is now MasterCard’s PayPass digital wallet soon to arrive; another perfectly logical extension to the real banks’ traditional, professional, payment processing systems (and you don’t have to ditch the plastic) …
Goodbye clunky PreyPal, I can’t say that it has been nice knowing you …
“When Do We Start Calling eBay A [Failed] Payments Company?”
http://forums.auctionbytes.com/vbulletin/showthread.php?t=24590
And, just for a laugh then, some comment on PayPal’s off-eBay products: “The New Way To Pay In-Store” (at Home Depot), PayPal Here, SmartPay, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay …
http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611
eBay / PayPal / Donahoe: Dead Men Walking