CoinOut

I'm back again to tell you about another money-saving (or in this case, earning) app so that you can be sure it is legitimate- and decide if its worth your valuable time- before you download and try it yourself. This time I tried out the app CoinOut which seemed too good to be true from the description. They claim that you can get money for your receipts with no minimum payout and no gimmicks.

While I went into it thinking it was going to be an epic disappointment I was pleasantly surprised to find that they were exactly as they presented themselves. A quick, bulleted run-down of what they offer and my experience with each:

• They will pay randomized amount of coins for any receipt up to the limit of receipts per day they select.
  • the most I received in 2 weeks of uploading daily was $0.14 for a single receipt and the least $0.01.
  • I uploaded the maximum number of receipts possible each day for those two weeks and earned a total of $3.05.
  • In the picture its my cell phone number that's blacked out, sorry but I don't really want that on the internet. I'm also blocking out the actual receipts because the addresses are near my house. :)

• There is no minimum amount to cash out.
  • This one I tested right up front.... when I was up to $0.71 I cashed for an Amazon gift card. It was rather ridiculous, yes, but I wanted to make sure I wasn't wasting my time. It wasn't, it was right there instantly and I had it in my Amazon wallet in a matter of minutes. Easy peasy lemon squeezy. 

• You can upload receipts up to two-weeks old. 
  • Short and sweet, yup, tried it and got the coins to prove it. :) This is great as the other general receipt capture apps I have been trying have, at most, one week limits but prefer faster.
  • They do warn you that submitting duplicate receipts or receipts older than two weeks can get you banned so for an app that takes seconds to earn a few cents back from every receipt I was not going to try to test this one by submitting an older one, sorry.
• They have extra cash back deals for purchases online and badges.
  • They do have badges that get you more money than just the receipts themselves. Some require you to test out a product or sign up for an account with someone. I personally do not do these types of offers on any apps that I test but I feel confident they would pay out if I did them based on what I've experienced with them so far.  Other badges are simple cash bonuses or daily deals such as $1 bonus if you cash out over $10 or 2x the coins if you buy from one of the online retailers through us today. I'm saving up for that extra $1 (10% bonus, sure I'll wait a few weeks, why not?) at the moment. 

All in all this app appears to be all its representing itself to be and is one I'm going to be keeping on my phone and uploading to when I upload my ibotta and ReceiptPal receipts every few days for sure. It took me less time to earn money on this one than it has ReceiptPal or ReceiptHog (review of this app is still in progress) and the cash out process was super simple so its got my vote for 'work' during CSI or on a lunch break.

On to the walk through!

Once you open the app you will see this simple green screen. Clicking the orange "SCAN" button takes you to the photo on the right where you will align the receipt and scan it into the app. Its really as simple as that.

Again, sorry for blocking info but this store is around the corner from my place so blocked out the address and phone number get. *shrug* But yeah, $0.02 went into my account for this Wendy's receipt or a few dollars. 

I already showed you what happens when you click on a badge above when discussing them so I won't show you again but I will show you the row of icons above it. Those stores open for you to shop and get coins for shopping there as well. I haven't had opportunity or need to shop online really but I will try out this feature in the future.

The last 2 screen grabs wrap ups this walk-through. Its a where you go when you hit the "Savings" or "Share & Earn" buttons. Savings is a list of suggested investment apps and savings accounts to deposit your money in. You can transfer it anywhere but they are giving you options if you want somewhere new. The Share & Earn area is their referral page. Currently you get $0.50 for referring someone who joins CoinOut. 

​Speaking of referrals, if you're interested in trying out this app click over their webpage here or search them in the app store. My referral code is RCZ9JND if you don't mind supporting me in creating more content like this. It doesn't cost you anything and earns me a few extra coins which is always lovely.

Until next time,