Another reason to raid the penny bank
 

Coinstar now offering iTunes Music Store gift cards
By Larry Angell
Senior Editor, iLounge
Published: Monday, April 10, 2006

Coinstar has expanded its Coin to Card service to include iTunes Music Store gift cards. As part of the service, consumers can now convert their loose change into an iTunes gift card or eCertificate at select Coinstar Centers. What’s more, there’s no coin-counting fee when exchanging coins for a gift card (standard Coins to Cash transactions have an 8.9% processing fee). Coinstar says that activated gift cards are dispensed on the spot from the Coinstar machine and can be used right away. Other companies partnering with the company on gift cards and eCertificates include Amazon.com, Virgin Digital, Starbucks, and more.

I like the fact that there is no 8.9% deduction if you purchase a gift card. However, I always thought coin star was a rip off. I understand that it’s a connivance fee but I always wonder if my bank is the only one who has a free coin machine for account holders to use.