Today we are looking at the CoinOut App. This is an app that allows you to earn a little back on your shopping bills.
In case you have never come across this concept before, there are a number of apps like CoinOut that allow you to earn some extra cash by scanning receipts from your everyday purchases.
If you are looking to save money using cashback apps, then CoinOut could be a good option…let’s find out a little more about it.
What is CoinOut Cashback App?
CoinOut is essentially a smartphone application that allows you to earn some pocket change from your everyday shopping receipts. Unlike most receipt scanning sites, which only allow you to scan and earn specific receipts, CoinOut allows users to scan any receipt.
This feature has made the app very popular in a short period of time, despite the oversaturated market.
How does CoinOut Work?
In order to begin earning via Coinout, you need to download and install the application on your smartphone. Fortunately, the app is available for both Android and iOS users.
Once you have installed the application device on your device, you need to provide your mobile phone number in order to receive a sign-up verification code via text message. The sign-up process takes about 2 minutes, after which you can begin scanning receipts to earn cash back.
In order to submit a receipt on the app, you only need to press the ‘SCAN’ option. A picture of your receipt will then be taken, and uploaded on the site. CoinOut app accepts all kinds of in-store and online receipts as long as they have the following information:
– The name of the store or company
– The date of transaction (should be less than two weeks old)
– The total bill amount of purchases
– All purchased items with their specific prices
It is also worth noting that CoinOut does not allow any receipt to be uploaded more than once.
Apart from allowing to earning cash from your cash backs, the app also offers users various ways of making extra income. For instance, you will be paid for shopping at certain select stores, including Walmart, eBay, Groupon, Gamestop, and JC Penny.
You can also earn rewards by making referrals to your friends. You will earn $1 for every valid referral you make on CoinOut, which goes a long way in increasing your total earnings on the platform.
Another great way to make some extra cash on the site is through completing badges. CoinOut badges give you an opportunity to enjoy bonuses, which may appear in various forms.
Some badges will offer you the chance to scan more receipts than the standard number, while others grant cash rewards of between $2- $10, which you can use to make a purchase online.
How Much Can You Earn through CoinOut?
Your earnings on CoinOut essentially depend on the number of receipts you upload every day. There is no specific limit on the number of receipts you can submit per day. According to the company, the maximum number of receipts that can be uploaded by a user varies on a daily basis.
The cashback price on every receipt uploaded on CoinOut also varies, although most single receipts will earn you between $0.5 to $1.
CoinOut offers its users three different options for requesting cashout. You can request a payout via PayPal, Amazon gift card, or a direct deposit into your bank account.
The PayPal option requires a minimum cashout amount of $10, while the other two options have no minimum cashout. This means that you can get paid from your scanned receipts on a regular basis.
Here are Some of the Pros and Cons of CoinOut
– Fast and easy sign-up process
– Legit platform
– It provides an effortless way to generate income
– Plenty of opportunities to make cash
– Regular payment via PayPal, Amazon gift cards and direct deposits to bank account
– It has an excellent referral program
– Minimum cashout on PayPal is quite high
– App design and layout takes some time to get used to
Final Words – Is CoinOut Worth Your Time?
CoinOut is without a doubt a legit receipt scanning app for smartphone users. The platform offers users a hassle-free and fun way of earning some extra bucks by scanning their everyday receipts.
If you are looking for the best way to save money when shopping and earn from cashbacks, this is an app we would recommend.
Star Rating 3.5/5 -A good app for savings and cash back. Although the earning potential depends on the amount of shopping receipts you have attained, it is an easy way to earn back from what you would be spending anyway.
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