Coinstar launches PayPal functionality on select kiosks
Bellevue, Wash. — Coinstar has announced a new feature available at some Coinstar kiosks that enables consumers to deposit or withdraw funds from their PayPal accounts, as well as send money to another PayPal account.
The rollout began in February in Texas, Northern California, and Ohio, and will continue at select kiosks throughout the year, said the company.
The feature was test-piloted by Coinstar and PayPal in the Dallas metropolitan area in 2012. Initial test results revealed that 40% of kiosk users who used the PayPal feature went back to use PayPal on a Coinstar kiosk an average of two times a month.
“PayPal on Coinstar kiosks provide customers with a convenient way to add coins and paper currency to their PayPal account and spend their money anywhere PayPal is accepted,” said Dan Schatt, head of Financial Innovations at PayPal.
Wal-Mart’s U.S. chief administrative officer to step down
New York — Wal-Mart Stores on Thursday confirmed a report from the Wall Street Journal that its U.S. chief administrative officer, Tom Mars, will step down in March. The company did not give a reason for his departure.
Mars has been with the chain for more than a decade. He served as the chain’s general counsel from 2002 to 2009, and was involved in an investigation into bribery allegations regarding a Wal-Mart store built near the Mexican pyramids, according to company emails released in January by members of Congress, Reuters reported.
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Survey: Most online shoppers not deterred by higher shipping costs
Whiting, Ind. — Research released Wednesday by CouponCabin.com showed that more than half of U.S. adults’ online shopping habits won’t be impacted by rising shipping costs.
According to the survey, conducted by Harris Interactive for CouponCabin.com, 51% of those polled said they are neither more or less likely to shop online, even with potentially increasing shipping costs. An additional 7% said they are more likely to shop online.
Of those who said they will continue to shop online, 73% said they will be more likely to shop online at a website that offers free shipping as opposed to one that doesn’t.
"Free shipping offers entice online consumers, but retailers may have more difficulty providing them as costs rise," said Jackie Warrick, senior savings advisor at CouponCabin.com. "To still present free shipping as an option, some stores may need to increase item prices to absorb the cost effectively. Regardless, budget-savvy consumers will seek out free shipping in as many ways as they can."
In addition to shopping on sites that automatically offer free shipping, most online shoppers search for free shipping coupon codes for their purchases. In fact, 77% of U.S. adults who shop online at all search for free shipping codes at least sometimes. Twenty-four percent indicate that they do so often, while 25% sometimes do. Twenty-three percent never or rarely search for free shipping codes when shopping online.
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