Method of exchanging coins involving non-cash exchange options
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United States of America Patent
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N/A
Issued Date -
Sep 16, 2004
app pub date -
Mar 12, 2003
filing date -
Mar 12, 2003
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method of exchanging coins that maximizes benefits to a host/operator of an implementing machine (10) and minimizes or eliminates any transaction charges to users of the machine (10) by providing users an establishment-specific or otherwise dedicated cash-substitute or other non-cash option in return for the coins. Possible exchange options include dispensing a disposable first type of cash-substitute device (40a,40b); storing a credit on a re-usable second type of cash-substitute device (44); making a charitable donation; and crediting an account. Because the establishment own or rents and operates the machine (10), exchanged coins can be used to replenish cash drawers; and because the exchange options are primarily establishment-specific, sales increase.
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