CAN PVHO TRY GETTING A CONTRACT WITH COINSTAR/PAYPAL
The article I saw from PCMag detailed a partnership between PayPal and Coinstar (NASDAQ: CSTR), where customers would have PayPal functionality at Coinstar machines. Admittedly this partnership is still in the testing phases, but the potential is huge. Customers in Texas, Northern California and Ohio have the ability to deposit, transfer, or withdraw funds from their PayPal account at the local Coinstar machine.
The initial results were positive. In the, “test in Dallas, 40% of kiosk users who took advantage of the feature went back to use PayPal on the kiosk an average of two times a month.” While customers are limited to adding $500 a month to their PayPal account currently, this has the potential to be a much bigger deal.
What I'm suggesting is, what if this test functionality is the beginning of a PayPal bank?