New sign at the local McDonald’s
Discussion
Meanwhile Bitcoin fees now denominate in fraction of a Satoshi
And zaps in a fraction of a penny 🤣
This came to Canada quite a while back.
Easier rounding, to 5¢ than 10¢, but I imagine the nickel's turn will come, if we move that slowly.
I remember visiting Canada shortly after that had started there. Do they round up and down? It seems like it was always rounded in the customer’s favor, but I don’t remember. With this approach here, it could penalize customers for using cash, even if it’s only a few cents at a time.
The "rounding tax" is an insult on top of everything else, they devalued our currency to the point where the smallest denominations are useless, then the consumers get hit by companies rounding up 🙄
https://www.richmondfed.org/publications/research/economic_brief/2025/eb_25-27
Right, and companies could price things in such a way where the rounding always benefits them. Pretty obnoxious.
Just standard rounding. From my experience in retail it's a wash money wise. The tills reported the variance due to this and it was minor pocket change daily, positive some days, negative on others. 70% pay with tap anyways.
Yea it wouldn’t amount to much unless the merchants intentionally priced things so the rounding always worked in their favor. 😂
Yeah prices are still ending in .99 for everything 😂 A merchant could do that, but once someone buys more than a single item it's hard to make it work.
Right 😂
They can't, with multiple items and tax percentages.
One way to make it simple - make all prices end in 5 or 0 cents, and eliminate sales tax!
Somehow I don't think they'll do that!
It's the same rounding as written there.
Digital transactions are still to the penny.
The customer theoretically could watch the till and choose cash when it would work in their favour. Haha!
Does it mean that remaining pennies are scarce and we need to stack them now?
🤷♂️ Probably still so many of them out there that they won’t be worth anything for a while. But maybe rare ones get more valuable? Idk
Canada got rid of the penny around 10 years ago
The value of the penny is rapidly exceeding .01
"How rounding works" 😭😭😭
How long till it’s rounding dollars, not cents. 🤔
When 5 cent coins become collectibles, then we know hyperinflation is taking place.
Is that even legal? I always thought posted price trumps policy. If I buy something (with tax) that comes to 0.59 then I pay 0.59
Gas stations get away with it because the 9/10 price is posted and factored into the total sale.