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460 points andrewl | 1 comments | | HN request time: 0s | source
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Night_Thastus ◴[] No.45903609[source]
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 choke-hold on retailers, and the whole thing is basically a scheme that funnels money from the poor to the wealthy via interest and fees on the consumer, interchange fees, and rewards programs.

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bbarnett ◴[] No.45904256[source]
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. And the math seems fair enough:

https://www.budget.canada.ca/2012/themes/theme2-info-eng.htm...

Basically, if something is $1.01 or $1.02, you round down. If it's $1.03 or $1.04, you round up. Rounding is to be applied after all taxes are paid, etc.

Of course, there was also central guidance and, well, everyone just followed it. It's called "having a society".

People blathering on about stores fixing the rounding are morons, there's no way to do so if you buy more than one item. No one gets ripped off with the above method. In the end, it just works out.

And really, who cares?! It's a penny.

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jacobgkau ◴[] No.45904481[source]
> Basically, if something is $1.01 or $1.02, you round down. If it's $1.03 or $1.04, you round up.

So everything's going to be $1.03 or $1.04. Not sure why you think retailers (or any sellers) would ever, ever, ever let this play into customers' advantage.

But apparently pointing out that obvious truth makes me a "moron," because you can think of some clever ways to get around it that retailers surely won't work around.

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bigfishrunning ◴[] No.45904548[source]
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.

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jacobgkau ◴[] No.45904631[source]
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?
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niij ◴[] No.45904799[source]
If you seriously think that's realistic I guess I don't know what to tell you.
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1. jacobgkau ◴[] No.45904947[source]
Pizza chains have delivery fees that aren't paid to delivery drivers. Restaurants have service fees for cooking food and convenience fees for placing orders (even if paying, in cash, when you pick up), on top of the sticker price of the food itself, which used to just be the price.

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.