In today’s world of rising grocery bills and tighter budgets, even the smallest savings can make a meaningful difference. That’s where clever cash-back tools like CoinOut step in—offering everyday folks a surprisingly easy way to earn a little money by doing something you’re probably already doing: collecting receipts.
If you’re hunting for ways to make your dollars stretch further or just want to put your paper receipts to good use, keep reading. This might be the easiest money you’ll ever earn.
What Is CoinOut?
CoinOut is a receipt-scanning app that pays you real cash for submitting your shopping receipts. Whether you picked up groceries, grabbed coffee on the go, or did a bit of online retail therapy, CoinOut allows you to earn money back by simply snapping a picture of your receipt.
Unlike many similar apps that operate on complicated point systems, CoinOut keeps it refreshingly simple: your earnings are displayed in actual dollar amounts—not mystery points that you later have to decode.
CoinOut gained national attention after being featured on Shark Tank, and since then, it’s continued to grow in popularity thanks to its ease of use and low barrier to entry.
How It Works
Getting started with CoinOut is easy:
- Download the app (available on both Android and iOS).
- Sign up and take advantage of the small sign-up bonus (usually around $1.50, though this can vary).
- Snap a photo of your receipt using the app.
- Earn cash, which is added directly to your CoinOut account.
That’s it! No hunting for offers or worrying about which items qualify. Just scan your receipts and watch your earnings slowly grow. Many users say they make a habit of scanning receipts daily and let the app quietly accumulate cash in the background.
And yes, you can scan the same receipt to CoinOut and other apps like Fetch Rewards to double your benefits—something many savvy users swear by.
Pros and Cons of CoinOut
Pros:
- Simple, no-fuss interface.
- Tracks actual dollar earnings—not just points.
- Accepts a wide variety of receipts (from restaurants, grocery stores, gas stations, and more).
- Offers cash-back opportunities for online purchases, too.
- Allows you to earn without changing your shopping habits.
Cons:
- The payout per receipt is small (typically just a few cents).
- There’s a daily limit to the number of receipts you can scan.
- Sign-up bonuses may change without notice.
- Some users report needing to connect email accounts for additional earning opportunities, which may raise privacy concerns for some.
Tips for Maximizing Earnings
While CoinOut isn’t going to replace your day job, it can still offer a few helpful extras—like covering your monthly coffee budget or giving you a little boost at the holidays. Here are a few tips to make the most of it:
- Scan regularly: Don’t let your receipts pile up. There’s a daily cap, so scan consistently to maximize earnings.
- Pair with other apps: Combine CoinOut with Fetch Rewards, Ibotta, and Shopkick for even greater savings on the same purchases.
- Use online cash-back: If you shop online, check CoinOut for partnered retailers to earn cash back through their links.
What Real Users Are Saying
CoinOut has its fair share of fans—and a few skeptics, too. Many users appreciate the no-frills experience and say it’s a great low-effort way to build up some extra cash. As one user put it, “Pennies make dollars, and every bit counts.”
Others mention minor frustrations, like changes in sign-up bonuses or limited support when issues arise. Still, the overall sentiment is that it’s a legit and worthwhile app if you set the right expectations.
More Cash-Back Apps to Try
If CoinOut sparks your interest, here are a few more apps that can help you earn back some of what you spend:
- Fetch Rewards – Earn points for scanning receipts and redeem them for gift cards.
- Ibotta – Offers cash back on select grocery and retail items.
- Shopkick – Earn points for walking into stores, scanning products, and making purchases.
- Swagbucks – Get paid for shopping online, answering surveys, and more.
- Upside – Great for earning cash back on gas, groceries, and dining out.
Final Thoughts
CoinOut is a solid, no-nonsense option for anyone looking to make the most of their everyday purchases. It won’t make you rich overnight, but it will reward you for habits you already have. In a world where every dollar counts, a few extra cents here and there can quietly add up over time.
So next time you’re tempted to toss that grocery receipt in the trash—don’t. Snap a photo, collect your change, and let technology do a little financial heavy lifting for you.
After all, saving money doesn’t have to be complicated. Sometimes, it’s as simple as clicking a button.
