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CoinOut Is Getting Very Pushy Trying To Get Your Email Passwords


Njsurveyman
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CoinOut (which pays a few cents per every receipt you upload) is now limiting folks to only 2 receipts per day unless you connect your email with them requiring you to submit your password to your PRIVATE email! I cannot believe they are getting away with this. It is even a violation of both yahoo and google policies to share your email passwords with anyone, aside from the huge security risk. I did report them to the FTC, so we will see if they take action against them. Meanwhile, Coinout emails are getting more and more aggressive begging users to connect their email with them.  DON'T DO IT!! 

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That’s terrible! The absolute gall of them to blatantly do that should be against the law. I’m glad you reported them to the FTC. Maybe contact your state attorney generals office too. I hope CointOut is put out of business for this.

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I looked them up, and they were on Shark Tank three years ago. One of the sharks gave them $250,000.   Apparently the average person makes $3-$5 a month.  I only collected four receipts last week.  They totaled about $50, and so I will pass.  I only spent a total of $23 last week at two grocery stores last week.  I spent $33 at the farmers market.  I don't think it would be worth my while to sign up with them.

I definitely would not give them my email passwords.  

Edited by NFriday
Wanted to add something else.
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I'm not trying to change anyone's mind here whatsoever but I highly doubt they are collecting email log-ins. What you are doing is logging into your email through a private API. 

Again, not trying to change anyone's mind here but it's the same technology used by banks (Zelle), credit card companies, Venmo, Paypal, CashApp, Stash, etc, etc, etc,.

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I agree on the technology being used may be somewhat secure, but it is just not a risk worth taking for getting 1-5 cents per receipt. Although they are offering a large bonus of $8 just to connect your email, for me it is not worth the risk since I use my email for very sensitive work stuff too. Also, I use Zelle directly with my bank (not as a separate login), so I think Zelle would be more secure. 

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