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Coin

onlycoin.com

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Re: Coin

#241

Post by pbreit »

nmcfarl wrote: post #230
pbreit wrote: post #160

I worked on a product like this at Amex about 20 years ago and while it was a totally neat concept it was completely stupid in practice. All those plastic cards are marketing vehicles that can also transmit a number. And, really, are they that difficult to manage?

Yes. So much so that I don't carry them, and it costs me money. The wallet is: photo ID, transit card, and 1 or 2 ccs, depending on if I need my biz cc that day. Wallets are a pain - though it must be said less so than, keys or phones. All of which dig into me an inopportune moments (usually going around corners on the bike) get dropped, or left on the counter... I'm probably just much to forgetful and clumsy for mod…

Have you considered a phone case that has a card holder?

Re: Coin

#244

Post by aeturnum »

qq66 wrote: post #225
kintamanimatt wrote: post #68

I wonder how this would fare in an ATM. What happens if the ATM accidentally presses the card selection button? If the ATM gobbles the card, now you've effectively lost your entire wallet. What happens if the cashier presses the card selection button while running your card too? Oops, now your boss wants to know why you've just paid for your groceries on the business credit card and why you've cloned your business cr…

The entire smartphone industry for the last five years has been driven by people paying hundreds of dollars to make their phones a few mm thinner. Why not their wallets? This isn't for your ATM card or your driver's license, it's for those random cards that you either never carry or fatten up your wallet.

I think a lot of that has been driven by the fact that your new phone is faster _and_ thinner. If it wasn't both, I have my doubts that people would always pick the thinner option. The large screen android options of recent years show that size isn't a trump for everyone.

Re: Coin

#245

Post by abalone »

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 think you are mistaken about card rules. To protect themselves against chargebacks the merchant needs to keep a copy of the signed credit card slip, not a physical imprint of the card. That's actually better than a physical imprint (which is impossible on many cards these days anyway) because a matching signature can prove who used the card, not just that the card was physically present.

Re: Coin

#246

Post by thevdude »

qq66 wrote: post #225
kintamanimatt wrote: post #68

I wonder how this would fare in an ATM. What happens if the ATM accidentally presses the card selection button? If the ATM gobbles the card, now you've effectively lost your entire wallet. What happens if the cashier presses the card selection button while running your card too? Oops, now your boss wants to know why you've just paid for your groceries on the business credit card and why you've cloned your business cr…

The entire smartphone industry for the last five years has been driven by people paying hundreds of dollars to make their phones a few mm thinner. Why not their wallets? This isn't for your ATM card or your driver's license, it's for those random cards that you either never carry or fatten up your wallet.

That's why I spent a ton of money on bellroy wallet. I've got the slimmest wallet in the office!

Re: Coin

#247

Post by doughj3 »

kintamanimatt wrote: post #142
doughj3 wrote: post #123

Earlier quoted context omitted.

> Oops, now your boss wants to know why you just paid for your groceries on the business credit card and you have to explain that you cloned your business credit card and there was a mistake!! I'm not sure how every corporate card works, but I have accidentally made purchases on a Corporate Amex before and it's not a problem. I just pay that part off myself and don't mark it to be expensed. Don't see this as a proble…

I know mistakes happen and things do get charged to the wrong card, but can you imagine your boss being a happy bunny if he or she found out you've cloned the card?

Why does my boss need to know I cloned the card? I'm saying, mistakes like these already happen without cards being cloned, it won't be introducing a new problem. You don't need to say anything to your boss more than, "Sorry, I used the wrong card."

Many Amex cards look very similar, for instance. I and others I know have accidentally handed the corporate amex over instead of the personal one. I've also had the case where, a company (in this particular case, a rental car company) had saved my corporate card, and automatically billed that when I went for a personal purchased.

Re: Coin

#248

Post by tijs »

jhandl wrote: post #190
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 love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

These hold 12 max but they do offer rfid protection and i guess you could get 2 (1 business, 1 personal?)

http://www.secrid.nl/en/index.html

Re: Coin

#249

Post by tbomb »

RandallBrown wrote: post #112
kintamanimatt wrote: post #68

I wonder how this would fare in an ATM. What happens if the ATM accidentally presses the card selection button? If the ATM gobbles the card, now you've effectively lost your entire wallet. What happens if the cashier presses the card selection button while running your card too? Oops, now your boss wants to know why you've just paid for your groceries on the business credit card and why you've cloned your business cr…

From the looks of it, it will handle rewards cards and whatnot just fine. If I could just store my Qdoba, Panera, Gameworks, Dave and Busters, REI, Best Buy, Safeway, Kroger, etc. cards on one single card. Now I can keep as many rewards cards as I want, without having to stuff my wallet full of junk I don't need 99% of the time. The money I save from rewards cards I wouldn't normally carry would probably pay for the…

in their FAQ it says that the coin can only hold 8 cards at a time, but the app can store an unlimited amount. So I assume that you'd have to sync the one(s) you want to use via mobile app (I'd hope) that you'd already have stored, then select it via toggle button on the card. It makes it sound kind of cumbersome for that purpose. I do like the overall idea though, I think its really cool and hope they succeed!

Re: Coin

#250

Post by taude »

kevincrane wrote: post #201
jhandl wrote: post #190

Earlier quoted context omitted.

I love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

Out of curiosity, what do you do that requires 16 cards on a regular basis? At some point, the limiting factor of how many cards you can carry becomes your pant pocket (or purse). My jeans wouldn't stand more than a few cards and far less than 30.

Here's my list:

* Costco membership card

* three loyalty shopper cards for my common stores (I need the physical card because none of the apps I've tried using that scan the bar codes work with store scanners)

* a card to pay for my train rides,

* bank debit card for ATMS

* business credit card

* personal credit card

* medical insurance card (this one would be easy to just use a photo of)

* AAA card (would be easy to use photo of)

* Zip Car Card

* Bus pass card for corporate shuttle

* Airlines MVP card (likely easy to just use a photo of, I think....though I'm not sure about speedy checkin).

* Access card for corporate office.

* Drivers license

I have about 25 other cards that I keep at home, like Library, more shopper perks cards (usually because they can lookup by my email address in store), etc..

This doesn't really help my wallet situation that much.

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