321–330 of 981 posts
Step one: make all items cost an even five cents after tax. step two: when making price adjustments like discount, round the effect to the nearest five cents. Step three: charge everyone this amount
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You attempt that at my store. To help ensure my business is sustainable in these hard times (/s), I'm imposing a "multi-item order" fee at my store. Now what?
What's stopping you from doing it now ?
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> everyone gets pennies as change but few carry them around let alone spend them It's not just pennies, it's all coins. In a former life I worked in retail and almost nobody would fish around in their pockets for exact (or even near) change. They'd always hand me bills for their purchase even if they had just completed a transaction and had the coins in their pocket . That was in the 90's, and I still see it happenin…
Nowadays I pay for everything with my phone but back in the day I too hated using coins. Having to calculate and fish out coins? Ain't nobody got time for that.
It's not that hard or time consuming if you actually use your change instead of letting it accumulate. I typically have less than a dollar in coins on my person at any given time because I spent it.
If you're paying in cash, you either take time to count the change you're going to spend, or you take time waiting for the cashier to count the change you're going to get. Or you go cashless and avoid the whole thing
Some interesting complications with rounding I had not heard about before were mentioned here, worth noting I think, especially given the prominence of SNAP in the news lately: >Four states - Delaware, Connecticut, Michigan and Oregon - as well as numerous cities, including New York, Philadelphia, Miami and Washington, DC, require merchants to provide exact change, according to the National Association of Convenience…
They can round down the card transactions too if it’s really a problem to charge differing amounts. For those that seriously think this would be a major problem there was a comedy skit circulating in Australia when this happened. A guy would push his car to the petrol pump, fill with 2c of petrol, rounded down to 0. The guy at the counter just laughed at it. You could in theory do this 1000 more times (would take hou…
1: The price posted should be the price you pay. (Include all taxes, fees, gratuities, ect.)
2: The price posted should be a multiple of $0.05, $0.10, or $0.25
Problem solved.
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If your sales tax rate is 8.875%, what do you price a banana at to avoid change?
You price it including sales tax. Sticker price is final price.
You do not know the final price until you know how they are paying for it, what they are using it for, and when they are buying it (among other things).
Falsehoods programmers believe about sales tax (among other things).
I'd say screw it, get rid of nickles and dimes as well. Quarters can stay, for now. It's a complete waste of money and time continuing to mint such low-value currency. It can't be used for just about anything. Unfortunately, I do see the problem with part of this. For a handful of items where it does matter, it will force people to use cards more if they want to avoid rounding. And the card providers already have a c…
I know you're referencing more than pennies, but to speak to pennies, I find the current rounding noise in the US to be weird. Likely, it's just more of the media, talking heads, and youtube personalities trying to turn a nothing into something, story. Back when we did it in Canada, I don't recall a single person I knew concerned about penny rounding. Everyone was sick of pennies. No one cared. Everyone was happy. An…
That must be nice.
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You attempt that at my store. To help ensure my business is sustainable in these hard times (/s), I'm imposing a "multi-item order" fee at my store. Now what?
If you seriously think that's realistic I guess I don't know what to tell you.
Some people in this thread have talked about stores having signs saying they'll round change up to the dollar if you pay in cash, and advising to pay by card if you want exact change. I've personally seen businesses have signs on their cash registers that say "our cash register is easily hacked, we strongly recommend paying by cash instead instead of card" (I'm assuming so they can cheat on their taxes).
Businesses will do anything they can get away with to make more money, and they can usually get away with tiny fees like this. It's only a few cents, right? Except for them, it adds up.
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but then you buy 2 things, and it's $2.06. round down! or you buy 4 and it's $4.12. round down! it'll come out in the wash. there are much bigger things to worry about.
You attempt that at my store. To help ensure my business is sustainable in these hard times (/s), I'm imposing a "multi-item order" fee at my store. Now what?
Your premise that stores will find a way to force rounding up is nonsense. It’s nonsense because stores aren’t actually going to do it, but also because we’re talking about *pennies*. Oh, no. The store ripped me off for 2 cents. How will I survive?