What does CoinOut do with the receipts?
To upload receipts to CoinOut, you just need to scan the receipt using the CoinOut app and submit the photo. Note that receipts can't be older than 2 weeks in order to credit. Once you upload a receipt, you earn cashback in your CoinOut wallet.
How long does it take for CoinOut to pay?
How long does it take to get my money for bank cash outs? Once you cash out, we will review it within 10 business days. Once processed it takes 2-3 business days depending on your bank.
How is CoinOut doing?
Despite the challenges, CoinOut has become a hit. The company had already earned $6 million dollars while reaching over 1.5 million members and establishing itself as a top 100 IOS app.
Where can I use CoinOut?
CoinOut accepts almost any receipt except for ATM receipts, lotto tickets, credit card slips, coupon and money orders. I have been using the app for just over a week now and have tested it with a vet bill, a medical bill, various grocery receipts, a few fast food purchases, an independently owned pet store, and IKEA.