Mugged - in broad daylight - at Asda!

mije1983

geerex wrote: »

Wow, they double your money!!!

Any particular reason you have edited another person's comment under my user name.....

TheGardener

fluffnutter wrote: »

Money laundering using a Coin Star?? I guess if the average criminal is paid in two pence pieces for his drugs, sure..

Thinking more of £1 & £2 coins...taxi drivers, hand car wash places...apparently. Counterfeit coins seems plausible too

Money laundering (I googled it) is about making lots of 'micro' transactions moving cash though multiple sources to make tracking it impossible. Who knew!?

I don't have enough to use a launderette some weeks let alone 'launder' cash :rotfl:

shaun_from_Africa

TheGardener wrote: »

Well here's something I never thought of...I've just been mailed and told supermarkets insist on it being cashed on the same day so that its easier for them to match up the ticket with the person who cashed it in on their CCTV cameras when investigating money laundering/counterfeit coins...?!

Unless the coins from every single use of the machine were all kept in separate compartments inside the machine and also kept totally separate at every stage until they had been individually checked to see if they were counterfeit, I don't see how being able to see who used the machine would be of any use.

Alias_Omega

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teddysmum

photome wrote: »

It is shocking

BUT why does anyone use these machines most take about 8.9% commission.

I have seen kids and grannies use them to change £10 to £20, just why, I dont get why you want a machine to charge you for something you can do yourself

My thoughts, exactly.

paddyrg

Bonkers scenario - someone has your cash, if ASDA say they won't touch it then you still have the voucher and CoinStar still have the hard currency so they can refund it.

MAKE A STINK - contact the 'money' columns of the redtops, TV consumer shows, as soon as one of them starts placing calls you'll find a contrite CEO of somewhere saying 'We love and cuddle all our customers, and whilst we still believe our ridiculous terms are profitable for us, we will generously offer an ex-gratia payment just please please don't regulate us or we're hosed'

George_Michael

I've seen these machines around but never used one nor taken much notice of them but is the fact that they charge 8% to 9% fairly easy to spot?

If not, many people might use them without realising how much they will lose and if they just tip in a bag of uncounted coins, they may never know.

Collabora

George_Michael wrote: »

I've seen these machines around but never used one nor taken much notice of them but is the fact that they charge 8% to 9% fairly easy to spot?

If not, many people might use them without realising how much they will lose and if they just tip in a bag of uncounted coins, they may never know.

when you tip your money in the screen will show you what's is going through and what you paid in, then it will give you 3 options

1) cancel and your money will be dispensed back to you
2) accept a voucher for £xx
3) donate to charity

so if you dont like the commission they will take you can get your money back

esuhl

shaun_from_Africa wrote: »

Unless the coins from every single use of the machine were all kept in separate compartments inside the machine and also kept totally separate at every stage until they had been individually checked to see if they were counterfeit, I don't see how being able to see who used the machine would be of any use.

I presume the machine keeps count of the coins inserted for each voucher produced. They'll be sorted into denomination, but if the machine knows which denominations each voucher relates to, you could determine which coins were inserted by a particular person.

Anyway, as for the validity of such a "one day" expiry date, I also wonder whether you'd be able to legally argue that it was an "unfair" restriction. I found the following article (from 2006) about the expiry of gift vouchers, which was quite interesting:

http://www.theguardian.com/money/2006/apr/29/consumernews.moneysupplement

Retailers are allowed to impose expiry dates on vouchers if they follow certain rules, says Stephen Sidkin of City law firm Fox Williams. But there are four sets of rules that might affect a dispute, and how they would apply is not known. Mr Sidkin says, to his knowledge, a dispute over vouchers has never been tested in the courts.

The Sale of Goods Act 1979 and Supply of Goods and Services Act 1982 could help. The Unfair Contract Terms Act 1977 will also have a part to play.

However, the Unfair Terms in Consumer Contracts regulations 1999 appear to hold the key to freedom for customers clutching a sheaf of expired vouchers. These regulations aim to prevent an imbalance in the relationship between the retailer and the consumer.

It could be argued, says Mr Sidkin, that an expiry creates an imbalance in the relationship and causes significant detriment to the shopper. Peter McCarthy, a legal officer at Which?, formerly the Consumers Association, says the contract with the consumer would be undermined if the retailer failed to spell out the expiry rules at point of sale.

He says a retailer must tell the customer conditions apply to the vouchers and be prepared to answer questions about them. "It is not good enough to simply include terms and conditions in the small print with the voucher".

Mr Sidkin says: "Customers would need to show it was not a term included in the contract at the point of sale. If you ask yourself 'was there a time limit pointed out at the point of sale?' and the answer is 'no' then you have a reasonable argument to say the rules have been breached.

"Although the sums are often small, I'm surprised no one has taken a case to court yet," he says.

photome

Collabora wrote: »

when you tip your money in the screen will show you what's is going through and what you paid in, then it will give you 3 options

1) cancel and your money will be dispensed back to you
2) accept a voucher for £xx
3) donate to charity

so if you dont like the commission they will take you can get your money back

My guess is that by then most people will just continue because thats the easy option.

I have seen someone put £1200 of coins in, charged just over £100!!!