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ESSENTIAL SERVICE CLASSIFICATION

With reference to Coinstar’s role as an “essential service,” per the Federal Reserve, we are considered a hybrid of grocery-retail and financial services and considered “essential.”
April 2, 2020

With reference to Coinstar’s role as an “essential service,” per the Federal Reserve, we are considered a hybrid of grocery-retail and financial services and considered “essential.”

As you may be aware, consumers utilize our kiosks to exchange their coins into cash for use at retailers to purchase necessary goods, including food, medicine, hygiene products, etc. In addition, many use that cash to pay utility and other bills. Further, our kiosks provide consumers a way to access online platforms such as Amazon in order to purchase necessary household items in the event they are otherwise required to remain at home.

Importantly, many of our consumers do not have access to bank accounts or credit lines and/or rely on our service to manage their weekly cash needs. During this unprecedented time, we are even more critical to ensuring all consumers have a means to acquire what they need.

To this end, our top retailers have also confirmed they consider us an “essential service” and have contacted us to confirm we will continue to be operational in their stores to serve consumers. In these communications, we have also outlined for our partners the additional precautions we are taking to keep consumers and our employees safe, and kiosks clean as we manage through this critical time.

Should you have any questions, please contact, Paul LaBlanc, our Senior Director Global Asset Protection at 425-442-6937 or paul.lablanc@coinstar.com.

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