by Lucy Young
<img class="alignleft size-full wp-image-3799" src="http://luminositymarketing.com/blog/wp-content/uploads/2011/03/Customer-Experience.bmp" alt="" width="330" height="295" />Recently, <em><a href="http://www.coinstar.com/" target="_blank">Coinstar</a></em> was featured in a <a href="http://www.nytimes.com/2011/03/14/business/media/14adco.html?src=busln" target="_blank"><em>New York Times</em> </a>article for strengthening its customer experience. <em>Coinstar</em> operates coin-counting machines in supermarkets, local banks, check cashing service centers, and other locations. It is widely known that users of the <em>Coinstar</em> machines can exchange their collection of coins for cash, however, the 9.8% fee often comes as a surprise to new users. Another surprise is the option that users have is to select a gift card for the full value of the coins in order to bypass the 9.8% fee. <em>Coinstar</em> has had no-fee gift certificates available for the past 5 years but never advertised this until recently. <em> </em>They have partnered with retailers such as <em><a href="http://www.starbucks.com/" target="_blank">Starbucks</a>, <a href="http://www.gap.com/">Gap</a>, and <a href="http://www.amazon.com/" target="_blank">Amazon.com</a></em><a href="http://www.amazon.com/" target="_blank"> </a>to provide the fee free gift cards. Recently<a href="http://www.apple.com/itunes/?cid=OAS-US-DOMAINS-itunes.com"> </a><em><a href="http://www.apple.com/itunes/?cid=OAS-US-DOMAINS-itunes.com">iTunes</a>, <a href="http://www.borders.com/online/store/Home">Borders</a></em>, and <a href="http://www.regmovies.com/"><em>Regal Cinemas</em> </a>went beyond bearing the fee and offered gift cards that were worth more than the actual coin exchange. For example, they proposed $50 gift cards for a minimum of $40 worth of coins. <em>Coinstar</em> began advertising the fee free gift card option late last year with print ads in such publications as <em><a href="http://www.people.com/people/" target="_blank">People</a> </em>and <em>New York Times</em>. Advertising the fee free option may increase the volume of transactions <em>Coinstar</em> receives by appealing to those who are averse to the fees<a href="http://luminositymarketing.com/blog/?p=3796">[...]</a>
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Tags: Amazon.com, Borders, Coinstar, consumer experience, customer experience, Harris Interactive, New York Times, Regal Cinemas, Starbucks
Posted in Trends & Insights | 2 Comments »