We did this in Canada quite a while ago and it’s one that really does make sense.
It only applies to cash payments where it’s usually rounded, if you pay by card it’s still charged the exact amount. Not much different than rounding to the nearest cent when applying discounts. When you’re buying items at such low prices you’re probably buying in bulk anyway, like 1000 of them for $5 or whatever.
Some fear that everything will have to be in increments of 5 cents and that’s simply not true. It’s only the minimum granularity of individual cash transactions. The rounding is insignificant unless you buy individual $0.96 items in coins all the time which is very rare.
c’mon bro, this is corporate America we’re talking about. Companies will round up to the nearest 5c for everything, and then tack on another .25c just because FU.
We did this in Canada quite a while ago and it’s one that really does make sense.
It only applies to cash payments where it’s usually rounded, if you pay by card it’s still charged the exact amount. Not much different than rounding to the nearest cent when applying discounts. When you’re buying items at such low prices you’re probably buying in bulk anyway, like 1000 of them for $5 or whatever.
Some fear that everything will have to be in increments of 5 cents and that’s simply not true. It’s only the minimum granularity of individual cash transactions. The rounding is insignificant unless you buy individual $0.96 items in coins all the time which is very rare.
c’mon bro, this is corporate America we’re talking about. Companies will round up to the nearest 5c for everything, and then tack on another .25c just because FU.