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Online Coin Counter Launches Today
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Added: 09/26/2005
Type: Summary
Viewed: 317 time(s)
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Online Coin Counter Launches Today
An online coin counter has been created to make it easier for consumers to exchange their extra money for cash.
Starting September 22, 2005, Venture Publishing, a Fayetteville-based Internet company, rolled out its latest launch, www.cashforchange.com, in a testing phase. The website provides directions to customers who want to get rid of their pennies, nickels, dimes, and quarters. Customers can then ship their coins via UPS, FedEx, or the USPS to a central processing facility, where the change will be counted and sorted. In return, the customer will receive a check within 7 to 10 days for the full amount of the change, minus 8.5 percent in processing fees.
Cashforchange.com will roll out a full-scale launch of its coin counter in October, advertising nationwide. The company also has plans to make shipping easier, providing discount shipping rates and prepaid shipping labels.
Cashforchange.com is the first website of its kind, creating an easy, simplified means with which to avoid the hassle of sorting change and locating a bank with which to exchange the coins for extra money.
Approximately 85% of all Americans have large stores of change lying idle in piggy banks and coin jars. The vast majority of these Americans would like easy access to this untapped resource, but they lack to time to sort, count, wrap, and roll their change as required my most banks.
The amount of extra money lying idle is not insignificant. It's estimated that several billion dollars sits gathering dust in American homes.
"We estimate that the average American has between $100 and $500 in idle loose change," says Paul Davidson, COO of CashforChange.com. "Harnessing the power of the Internet, we have made a process that used to take hours into a simple 5 minute task."
About Venture Publishing
Venture Publishing is a Fayetteville based company with over 30 web properties, including www.zimply.com and www.scrubshopper.com. |
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