For those who own a business or work-related online world, of course, very familiar with how to pay using PayPal. And, as a flood of online business, a company called Coinstar has tried to capitalize on the moment.
The company recently released a kind of ATM machines that can be used to make transactions using your PayPal account. Types of transactions are done with cash machines were commonly encountered. For example, increase the amount of money in your PayPal account, withdraw cash to send money to other PayPal accounts.
To use PayPal’s ATM machine, we can only add 500 USD, either in the form of coins or paper money every month. Furthermore, Coinstar also has a standard charge 9.8 per cent for the coins is added to the PayPal account. Meanwhile, if using paper money, will be charged a 3% fee for each transaction under 300 USD and a fee of 6% for transactions above 300 USD.
Then, for those who are intending to withdraw cash from ATM machines, we are limited only to withdraw 500 USD per month and 200 USD per day. Each cash withdrawal is charged at 3%.
Today, Coinstar only provide this service in the United States. And even then only in certain places.