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Coinstar raises price on rentals from Redbox kiosks
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The following comments relate to this news article:
article published on 27 October, 2011
Coinstar has announced their quarterly earnings today, surprising some.
The company is raising the price on Redbox kiosk rentals from $1 to $1.20, effective the end of the month.
Execs say Blu-rays and video game rentals will still cost $1.50 and $2.00 with no price hikes.
Says the company:
We remain committed to providing redbox consumers access to the latest movies at an incredible ... [ read the full article ]
Please read the original article before posting your comments.
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xaznboitx
Senior Member
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27. October 2011 @ 17:01 |
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Hm... I was told that 1.15 was a test to see if people would still be renting dvds from redbox which was a temp price so I guess it's going higher.
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AfterDawn Addict
7 product reviews
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27. October 2011 @ 17:18 |
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Hate to say it, but 1.20USD is rather trivial LOL! I think Greed played a role here. But perhaps there is some truth to the rising debit card fees. But since it's all done by computers, how can that be? I suppose somebody has to deal with it...
Operating expenses? The more customers you have, that rent the same disc, the more profit you earn ;)
To delete, or not to delete. THAT is the question! This message has been edited since posting. Last time this message was edited on 27. October 2011 @ 17:20
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SProdigy
Senior Member
5 product reviews
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27. October 2011 @ 17:18 |
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So now what do all the former angry Netflix subscribers have to say about this?
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AfterDawn Addict
7 product reviews
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27. October 2011 @ 17:21 |
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Netflix doesn't anger me :p To stubborn to change. Besides, blu-rays shipped to my door is excellent :D
To delete, or not to delete. THAT is the question! |
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Jeffrey_P
Senior Member
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27. October 2011 @ 18:41 |
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Redbox works well for me. I rent 2 or 3 Blu-Ray disks a month. There's four Kiosks within walking distance.
On another note.. Capt. America is fairly decent except for the audio looping and some scenes that look way too cartoonish.
The kit car with the supercharger sounds more like a turbo, flying wing even if it is a turbo prop sounds like a commercial jetliner and the onboard bombs sound liked Huey UH-1. I guess most people won't notice or don't care.
Jeff
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AfterDawn Addict
7 product reviews
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27. October 2011 @ 18:45 |
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Redbox is 8 miles from me :( though there are 3 machines there. They're handy, when netflix denys me a new release. Like jurassic park. Grrr! LOL! They must not have got enough copies. I don't think redbox will have that one though. I wanted to see if they were worth buying first. I may just grow inpatient and buy them. We'll see.
To delete, or not to delete. THAT is the question! |
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klassic
Member
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27. October 2011 @ 19:59 |
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Originally posted by omegaman7:
But perhaps there is some truth to the rising debit card fees. But since it's all done by computers, how can that be? I suppose somebody has to deal with it...
All businesses get charge a fee to accept credit and debit cards. There is also a percentage charge per transaction. Debit cards and credit cards with rewards programs are charged at higher percentages.
I am not happy with the increase, but costs have to go up eventually. $1 was such a nice round number. $1.20 just feels odd. My question is are the coupon codes going to be worth $1.20 now?
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Jeffrey_P
Senior Member
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27. October 2011 @ 20:44 |
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I don't see why not.
Call, email them and ask.
1.866.733.2693
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AfterDawn Addict
23 product reviews
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28. October 2011 @ 03:29 |
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Redbox could have adjusted the time from 9PM to 8PM and probably have made more money. A significant number of people are still at work or on their way home at 8PM.
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ruff469
Junior Member
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28. October 2011 @ 11:10 |
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Originally posted by omegaman7:
Hate to say it, but 1.20USD is rather trivial LOL! I think Greed played a role here. But perhaps there is some truth to the rising debit card fees. But since it's all done by computers, how can that be? I suppose somebody has to deal with it...
Operating expenses? The more customers you have, that rent the same disc, the more profit you earn ;)
Originally posted by klassic:
Originally posted by omegaman7:
But perhaps there is some truth to the rising debit card fees. But since it's all done by computers, how can that be? I suppose somebody has to deal with it...
All businesses get charge a fee to accept credit and debit cards. There is also a percentage charge per transaction. Debit cards and credit cards with rewards programs are charged at higher percentages.
I am not happy with the increase, but costs have to go up eventually. $1 was such a nice round number. $1.20 just feels odd. My question is are the coupon codes going to be worth $1.20 now?
Correct. The banks are raising fees all around which eventually all ends up on us. But here's the kicker. Those companies receiving those fees can use that as a tax right off. That's why it is illegal for them to charge as a service charge for using our cards but they find ways to do it anyway and we as consumers don't fight it so what eventually happens is we establish a precedence which will later become common law and irreversible. Kinda like paying child support for a kid that's not yours or paying income taxes for the first time.
So essentially people who rent from redbox are really just padding the companies pockets. Even though its just $.20 multiply that by all the customers plus per day, per transaction, and you can see that the shareholders just made a huge lick.
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Jeffrey_P
Senior Member
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28. October 2011 @ 23:10 |
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Transfer day is 11/5. I'm opening a credit union account on that day and shutting down my current bank account.
No debit card and many other BS fees.
The downside is there is not a branch on every street corner but.... 25,000 no fee ATM's within X amount of miles.
Jeff
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