so i wonder then, when your total rings up for say, 10.02, do you just give them 10.05 and get no change if they don't have any pennies in the register? Or do we have enough in circulation already to cover what few cash transactions are going on these days? I literally have a massive bowl of pennies in my kitchen right now lol. my son plays with them.
I read that it'll be rounded up or down... my guess is that most places will round up. However if you pay with a credit card, pennies will still be there. So another step to encourage people to go cashless and let the banks get their % of every purchase.
I use cash as much as possible so I accumulate lots of change. At the end of every day I put it in one of those huge food service type pickle jars. After Thanksgiving I take it to my bank where they have a free coin star type changer. I typically have near 1000 dollars saved. I use it to buy my wifes Christmas present every year.
so i wonder then, when your total rings up for say, 10.02, do you just give them 10.05 and get no change if they don't have any pennies in the register? Or do we have enough in circulation already to cover what few cash transactions are going on these days? I literally have a massive bowl of pennies in my kitchen right now lol. my son plays with them.
In other countries they just round it to the nearest 0.05. Sometimes you win, sometimes you lose.
I'd bet that 99% of the time, you lose.
I read that it'll be rounded up or down... my guess is that most places will round up. However if you pay with a credit card, pennies will still be there. So another step to encourage people to go cashless and let the banks get their % of every purchase.
I just cashed in two jars and made a truck payment with the total right there at the bank.
I use cash as much as possible so I accumulate lots of change. At the end of every day I put it in one of those huge food service type pickle jars. After Thanksgiving I take it to my bank where they have a free coin star type changer. I typically have near 1000 dollars saved. I use it to buy my wifes Christmas present every year.