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If you are thinking of how to get money for your shopping receipts, then you are definitely at the right place and at the right time.

Relying on your regular income alone can be a tall order and having a side business or multiple streams of income is the way to go.

Amidst multiple money making apps and platforms available online today, CoinOut can be one of your best bets for earning extra cash from receipts.

Without wasting much time, let’s get rolling in the section that follows:

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Table Of Contents

WHAT IS COINOUT?

CoinOut is a free receipt scanning app that afford users multiple opportunities to save loose change and to convert their receipts into cash.

CoinOut, a creation of Jeffrey Witten was officially launched in 2017.

Its popularity however soared in February 2018 when it was pitched on Shark Tank, a widely viewed T.V. series.

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HOW DOES COINOUT WORKS?

CoinOut functions as a digital wallet and a receipt scanning app.

Making some cash from your receipts on this app follows a pretty simple process.

Simply download and install CoinOut on your phone from either Google Play app stores or iTunes.

Select your preferred means of receiving payments and fill in the requisite details as requested.

Upon making online and in-store purchases, scan receipts on products purchased and upload them into the app.

You are good to go – You can now begin to earn loose change from your receipts, and from other offers available on the app.

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HOW MUCH MONEY CAN I MAKE WITH COINOUT?

Owing to the restrictions placed on how much one can earn per day on CoinOut, your money making potential with CoinOut is limited.

Through consistent use, you can earn within the range of $3 to $5 per month.

Aside earning from your uploaded receipts, you can make extra cash through CoinOut’s referral program, badges and quizzes among others.

HOW DOES COINOUT PAY YOU?

CoinOut offers you multiple payment options which are as follows:

Direct Bank Deposit
Amazon Gift Cards
PayPal

Direct Bank Deposit

Because at the end of it all, passion does not create money: money creates passion.

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Amazon Gift Cards

PayPal

To cash out your earnings, select your preferred payment option.

No minimum cash out amount exists for Amazon gift cards and direct deposits.

PayPal however requires a $10 minimum cash out threshold.

Cash out can be requested only ones a week, and is usually approved within 1 to 4 days.

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CHECK OUT WHAT USERS ARE SAYING ABOUT COINOUT APP

Here, I am going to show you some views expressed by users of this exact CoinOut app

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THESE RECEIPTS WILL DISQUALIFY YOU FROM EARNING MONEY WITH COINOUT APP

Yes, there are certain receipt type that will disqualify you from earning a cashback with this exact CoinOut app.

This means, if you possess any of these receipts then forget about earning a cash back with CoinOut app.

It’s as simple as that

The following receipts do not receive cash back:

1) ATM Receipts

2) Lotto Tickets

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3) Credit Card Slips

4) Money Orders

5) Pictures of just barcodes or QR codes

6) Coupons

7) Receipts not in English

8) Receipts that do not have products included

9) Receipts not from your own purchase

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NOW HERE COMES YOUR BEST OPTION

Now that you know very well that not all receipts of yours will qualify you for a cash back with CoinOut, why then waste away your precious time and efforts here in trying out CoinOut whereas there is a better option out there for you to go for.

Wealthy Affiliate is the exact money making program for which I am a proud member of.

A community based program that uses an easy step by step approach to teach ordinary people just like you and I the easy way to earn passive income online.

Inside Wealthy Affiliate, you are fully backed by the help and support of over 1,500,000+ members including myself and are ready to help you out at every step of the way till you succeed in earning good money online.

As a member of Wealthy Affiliate, you get fast response to your questions, I mean your questions are answered in less than minutes.

Now it’s your turn. Why not start a blog today? It’s free here

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Talk to you soon inside Wealthy Affiliate and please do not forget to say “hi” to me inside the member’s area, my username is “Francis2021“.

Please do share your comments about my post with me in the comment section below and I will be very much happy to hear from you.

Thank you.