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Coin 2.0 — All your credit cards in one. Tap to pay.
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Top Hunter
LOL. #cry
"Existing customers who have not yet received Coin have been automatically upgraded to Coin 2.0 and may check their delivery ETA in the Coin mobile app Settings menu or through this shipping inquiry form."
Coin user here. Honestly, it's not as good as advertised. When I first got my hands on it, I decided to keep a credit card in my wallet just in case. That turned out to be an incredibly wise choice.
All in I'd say it works ~70% of the time. The registers and swipes it hasn't worked, have been for a variety of stores and machines. I've noted many of them down, and even emailed the list to Coin per their request.
ANOTHER HUGE PROBLEM THOUGH is that that Coin app on the iPhone is an insanely large battery drain. You need to keep your bluetooth always on, and the app is often running location services in the background. Power drain city.
I did hear back from them and they asked me to check on a few diagnostics (which were oddly difficult to perform), that ultimately told me the Coin was working fine. So....
...bottom line, I like the card in principle. But if I still have to carry a credit card with me in addition to Coin, what's the point?
(Oh by the way, I forgot to mention that the whole accidentally leaving the card behind and it reminding you on your phone is total crap. It works terribly, only reminding when I physically have the card in my hand. They need to fix that...)
@steven_rushing Great and my app says I should expect to receive mine in late August. So they have 5 days to send me a device I probably shouldn't have backed in the first place...
@steven_rushing I was a beta user and thought Coin 1.0 would be a step up, in terms of build and usability. Unfortunately, the shell's still made from a low quality card board that I just would never even want to take out of my wallet. I feel proud/confident to pull out my Amex and Chase Ink cards, but never got that feeling from Coin.
To Steven's points, I always had to keep my cards with me just in case, which defeated the purpose of Coin.
Coin 1.0 also took forever to arrive to me and my friends, and with all things considered, I don't think I'd pay for a newer version.
For those that pre-ordered and want more info on 2.0, follow the link. 😄. https://support.onlycoin.com/hc/...
I've had my Coin for a couple months and basically don't bother using it at this point. I would say I had a 50/50 shot of getting it to work at stores and the initial set up to get the cards in was brutal as well since the card reader provided is so cheap and flimsy that it took 50 swipes to get each card in there. Hope version 2 is better but based of version 1 I have my doubts.
Would be nice if they sent the small number of Coin 1 users the new one for free considering the 1 is pretty useless. Sorry don't mean to be negative but I was excited when it came out and it was a total let down.
@markiyanm you can upgrade to 2.0 for free. Make sure the app is updated and login and go to settings.
Love mine, works almost everywhere - random failures in the US are generally the result of swiping too fast IMHO but there are some places (my banks ATM near my house where it just doesn't work) but 100% success rate in the Bahamas... little shacks too, weird. The proximity alert does not function at all and I can't get some store cards into it.
Had the Beta, they were very good about feedback and bug reports, got the 1.0 and have been happy. Upgraded to 2.0.... I still carry around a spare card "Just in Case" but other than seeing my ATM fail that's been the only time it hasn't worked in the last few months in 4 states and 2 countries.
I have the 1.0 and so far it works in every place I've tried it except for the auto parts store. It seems the keyboard based swipers are to narrow. You do have to swipe a bit slower and then it takes time to explain to the clerk what it is you're using. But so far so good. We'll see when 2.0 comes out (based on prior timelines I'm expecting a bit of a delay) how good it is.
The only thing that I'm a bit confused on is how I can give it to my spouse and she use it, because right now if it's not near me and my phone it locks.
#confused So, I haven't received 1.0, but now I'll automatically be upgraded to 2.0. App says September. We'll see.
@chrismessina Not only have I not gotten my 1.0, when I was one of their first backers, but I filled out the shipping status inquiry form a month ago and never got a response. Could not be more disappointed.
i feel like i'm the only person that hasn't had issues with their Coin 1.0... Everyone I talk to says they have issues, but mine has always been fine. I had the Beta originally, and that had tons of problems. Once I got 1.0 they were all solved though. It's even been through the laundry twice....
Will probably wait for the next stable version? Maybe, Maybe not! :confused:
@imkarthikk It would be no point in getting one if you intend to use it in India. I've used a product called LoopPay which works perfectly in Indian stores but none of the merchants would accept it.
@nextgenguy I've been looking at LoopPay here in the states too, it seems to be pretty cool. There's another one out too I believe it's called "Plastic" or something similar.
@hgottfried Yes, the concept of LoopPay is pretty cool, but they got ay Samsung. I think they have integrated the technology into Galaxy S6.
I was in the beta batch for Coin -- the one that was intended to ship as a 1.0 product. I stopped using it after two months for the same reasons that have been shared on this post. I also wasn't a fan of the materials used, I would have gladly paid extra for something that contained some sort of metal like the Chase Sapphire Preferred cards.
This is awesome. [ was my original comment] and then I read @Steven's remark here and now would wait to try it before making my mind. But as a concept - huge market, massive need, existing banks can't do it - so a 3rd party tech play makes absolute sense. Wealth of finance data - could be used to customize so much. Brilliant idea.
@charleyma per Ryan's initial comment posting it, the 2.0 Coin is compatible with EMV
@charleyma they wont necessarily come with chips I don't think. There are ways to achieve EMV compatibility without needing a chip (i.e. see what Apple Pay is doing, paying via NFC).
Considering how long it took me to get my first Coin, how badly it worked, and how unwilling their Customer Service sad to listen to what I was saying (instead just blasting me with pre-written "try this" text, I'm done with Coin.
@talkaboutdesign "Existing customers who have not yet received Coin have been automatically upgraded to Coin 2.0 and may check their delivery ETA in the Coin mobile app Settings menu or through this shipping inquiry form."
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