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Coinout.com has a rating of 2 stars from 3 reviews, indicating that most customers are generally dissatisfied with their purchases.
I signed up in March 2022. I submitted over 500 receipts and earned over $25 which was redeemable at any time. They updated the app and will only allow me to redeem $3 unless I earn my redemption again. They said they were improving the app but it's not improved. Rewards were not points before they were exact dollar amounts that could be redeemed at any time. They changed dollar amounts to points which makes them unredeemable in the new program.
I signed up in March 2022. I submitted over 500 receipts and earned over $25 which was redeemable at any time. They updated the app and will only allow me to redeem $3 unless I earn my redemption again. They said they were improving the app but it's not improved. Rewards were not points before they were exact dollar amounts that could be redeemed at any time. They changed dollar amounts to points which makes them unredeemable in the new program.
Tip for consumers:
It would have been helpful to know that previously redeemable rewards would not be redeemable under the new program.
I'm hesitant with this site. It started fabulous. You scan your receipts, get whacky fun surveys, see multiple opportunities for bonus earnings and then the E-mail wall happened. I give the reps 100% props for trying their hardest to appease all of us and maintaining us all those few extra months. I wanted to stay for you all are amazing! I just can't abide by no points for missed email glitches and suspicious fraudulent email activity that I honestly don't think you are all aware of yet. Give this app a whirl for added fun and small funds! Warning though, use an email you do not use for personal information and at your own risk. Eventually this team will work out all the kinks to get CoinOut fabulous again!
Zelle cashouts take up to 10 business days according to CoinOut's faq. So, 2 weeks or more, depending on what day of the week you cashed out on. Mine still says pending as of 5/1/23.
The rewards for receipts aren't very much. I've submitted around 70 receipts since 1/12/2022 and have only accumulated around $13 worth. If you want to cash out to PayPal, you have to have a minimum of $20. I cashed out using Zelle on 4/29/2023, for the first time, for $13 and change. There is also the gift card option but I don't remember how much the minimum for that is. You can connect Gmail, Walmart. Amazon, and instacart for online receipts as well as upload paper receipts
Tip for consumers:
Rewards can take years to accumulated but it's a nice little piggy bank. They're currently revamping their rewards system to make it better and the eta on that is for the near future.
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