PayPal (NASDAQ:EBAY) customers can now deposit coins and change into CoinStar (NASDAQ:CSTR) machines with the amount getting directly credited to their PayPal accounts. A charge of $3 applies for the facility, though electronic gift certificates are issued free of cost.
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Charles Schwab (NYSE:SCHW) is attempting to set up a commission free platform for trading ETF’s, the first of its kind to be in the nature of a ETF supermarket featuring funds from multiple firms. According to Reuters however, ETF providers have been cool to the proposal fearing they would have to pay very high marketing fees to Schwab. According to the report, Schwab is proposing they pay distribution and marketing fees in the range of 0.05%-0.10%, which may be too high for some providers.