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Showing posts with the label coinout pros and cons

A Rising "Receipt App" With a Great Community: An In-Depth Look at Coinout (Mobile App)

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WHAT IS IT? Coinout is yet another receipt-uploading app that pays you money for uploading receipts. Like Receipt Hog, it allows you to upload virtually any itemized receipt from virtually any store; unlike Receipt Hog, which only gives you “coins” (which can then be exchanged for gift cards or Paypal cash) for certain kinds of receipts, Coinout pays you instantly in cold-hard cash. It shot to nationwide attention in 2017, when the founder appeared on the hit show “Shark Tank”, and accepted an offer of $250,000 from one of the judges; despite this, I only heard about it recently. (A fun fact that I haven't seen mentioned in very many places: its “pitch” on Shark Tank was completely different than the finished product. Originally, it was conceived as a way to avoid receiving coins, with the basic process functioning something like this: you go to a store, pay with cash, and instead of the cashier giving you change back--which you can easily lose or forget about--you would pul