Gift cards redeemed by Alula are resold at a discount through other channels and partners. The card holder can typically expect to receive 65%-85% of face value on one of these cards, according to Alula. When all your coins have been counted, youll receive a paper voucher for cash or if you chose a charity, youll receive a receipt for your gift aid. The amount refunded in cash to consumers depends on the type of gift card and is primarily driven by how easily that gift card can be resold to another consumer.įor example, a gift card to a grocery store, gas station, or mass merchant is more desirable than a smaller or specialty retailer. is grabbing attention in the secondary gift card market with Alula, a kiosk service it’s piloting that enables consumers to immediately convert unused gift cards into cash at supermarkets. Coinstar Giftcard Exchange Near MeCash in Coins Coinstar kiosks turn the coins you. Specifically, Alula accepts gift cards from about 170 retailers, including Best Buy, Target, Home Depot, Starbucks, Apple Store, AMC Theatres, REI, Denny’s, FYE, Sears, and Walmart, among others. January 2013 By Kate Fitzgerald, Emerging Payments Editor Coinstar Inc. Coinstar sees a niche market for unused gift cards as a means of generating incremental revenue while offering a cash option to consumers. Gift cards, which are offered by myriad retailers, typically are not redeemable for cash from the original vendor. Because a cloth mask just won't cut it when you're immunocompromised. Must-have reusable masks with adjustable ear loops and a 6-layer antimicrobial fabric. A trio of essentials for Covid times and beyond. Coinstar has begun testing kiosks that allow consumers to cash in new and used holiday gift cards.īellevue, Wash.-based Coinstar, which owns and operates Redbox, Seattle’s Best coffee kiosks, consumer electronics recycling kiosks and its signature coin trading units, last quarter launched Alula kiosks in 21 Giant Eagle supermarkets in central Ohio. When you’re immunocompromised during a pandemic, only the highest level of protection will do.
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