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Coin

onlycoin.com

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Re: Coin

#191

Post by jonstjohn »

nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

For most self-swipe checkouts, it seems like this card would work well (coffee shop, grocery store, etc). But, it isn't too uncommon to have a merchant request to see the card, and some larger retailers (e.g., Lowes) have to input numbers off the front of the card, as well.

Re: Coin

#192

Post by dublinben »

joosters wrote: post #166
ams6110 wrote: post #134

Earlier quoted context omitted.

Every rewards card I have is a scanned barcode, not a mag swipe.

Same here. Speaking of which, surely someone has written a phone app that will scan and display all your barcoded cards on demand?

Google Wallet, Apple Passbook, and a number of other apps will let you do this. Scanning from a phone screen is not perfect though.

Re: Coin

#193

Post by mangoman »

I like the FAQ:

Q. My soufflés keep collapsing! What can I do?

A. In order for the meringue to peak properly we suggest adding a little lemon juice to the béchamel. This strengthens the mixture and prevents tragedy.

Re: Coin

#195

Post by tedivm »

thatthatis wrote: post #180
emhart wrote: post #102

Earlier quoted context omitted.

As far as "gobbling the card" is concerned, their FAQ states that they can only be used with "dip" ATMs, which may also address the button pushing issue. EDIT: More details from the FAQ: Q. Can someone accidentally change which card is selected on my Coin? A. We’ve designed the button to toggle cards in a way that makes it difficult to trigger a "press" unintentionally. Dropping a Coin, holding a Coin, sitting on a C…

Wait, is it easy to toggle cards or hard to toggle cards? I don't think you can have it both ways.

My phone, like many others, has a simply way to lock it so it doesn't accidentally call it. That doesn't make it difficult to make phone calls, it just makes it difficult to accidentally make phone calls.

I can imagine multiple ways they can handle this, all of them fairly trivial.

Re: Coin

#196

Post by jonstjohn »

lmg643 wrote: post #178
rexreed wrote: post #72

Earlier quoted context omitted.

I agree - I don't see the comments here as Hater News, but rather the exact sort of questions pretty much any consumer or business user would ask. There's a glint of "oh this is useful" and then there's the "oh, but what about this... and that...". That's not Hater News - that's pretty much exactly what any non-technical person would inquire about this product.

I think Coin is going to be wildly successful. I was looking at my wallet the other day, and wondering why i can't slim it down even further to carry one digital card instead of multiple. i even thought it would make a good startup. and here we are. the only drawback in my mind's eye regarding coin as a business is that there will be no reason to have "swipes" anymore if you can just scan a smartphone, as with the st…

My problem is that I tend to wear out card before I get a replacement. For example, my debit card currently requires 3-4 swipes to get it to work. I'd probably keep a backup card in my wallet if I decided to get Coin, just in case, but really like this idea.

Re: Coin

#197

Post by dublinben »

arbitrage wrote: post #62
berberous wrote: post #40

Earlier quoted context omitted.

From the FAQ: "As an additional safeguard, the Coin app will only allow you to add cards you own." So it sounds like if the name doesn't match, it won't work (you have to take a picture of the front).

Except that names aren't required to match on credit cards. For instance, my wife is an authorized user on my card. Her signature is on the back, my name is on the front. Similar situations abound for business use cards.

If you're an authorized user on a credit card, you're issued a card in your own name. I'm not sure what you're doing is compliant.

Re: Coin

#198

Post by kenrikm »

nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

I purchased one and I'll use it for all my loyalty cards which should help my wallet to be thinner - except Costco since they require you to show it! Not sure I would use it with my actual debit card but it does have the "that's cool" factor, congrats to the team I expect this to be a very successful launch!

Re: Coin

#199

Post by tedivm »

nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

Many credit card companies are starting to issue new cards which are completely flat, making it impossible to make imprint. My new CapitalOne card is an example of this. Is your company planning on refusing to do business with them?
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