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Transaction Rounding Stories

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Jerry_B's Avatar
Canada
453 Posts
 Posted 02/11/2013  07:19 am  Show Profile   Bookmark this reply Add Jerry_B to your friends list Get a Link to this Reply

Quote:
We have to round up because ....

Her request was contrary to the government guidelines.

www.cra-arc.gc.ca/gncy/lmntn...menu-eng.html
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middross's Avatar
Canada
695 Posts
 Posted 02/11/2013  07:54 am  Show Profile   Bookmark this reply Add middross to your friends list Get a Link to this Reply
Went to Home Depot (self serve lane)last night for a conector for my new dishwasher. Total after tax $6.64, put a $20 into the machine got $13.40 back. It seems that Home Depot rounds down no matter what. Good on them.
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jbuck's Avatar
United States
189340 Posts
 Posted 02/11/2013  12:43 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Most business would be wise to round down on all transactions. It is easier and the money lost is still less that what the banks take for electronic payments.
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 02/14/2013  1:48 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Just saw this on Twitter:

"Purchase was $4.91. Tried to give the cashier $4.90, says she still needs the penny. I give her $4.95 and get a nickel back. Okaaaay.."


Hilarious.
Edited by CC-Ottawa
02/14/2013 1:51 pm
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lyradnoj's Avatar
Canada
548 Posts
 Posted 02/14/2013  3:09 pm  Show Profile   Bookmark this reply Add lyradnoj to your friends list Get a Link to this Reply
I have noticed most places give you the exact total of your purchase, which they must because they (mostly) don't know how you're going to pay. With cash, most round up or down, depending on store policy. With plastic though they'll charge you the exact amount, to the last invisible penny.
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jbuck's Avatar
United States
189340 Posts
 Posted 02/14/2013  3:31 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Purchase was $4.91. Tried to give the cashier $4.90, says she still needs the penny. I give her $4.95 and get a nickel back. Okaaaay.
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allspice's Avatar
Canada
746 Posts
 Posted 02/14/2013  10:32 pm  Show Profile   Bookmark this reply Add allspice to your friends list Get a Link to this Reply
Went to the post office yesterday to send a package. I use my own stamps, but I was off by one cent. So I asked the clerk if I could purchase a one cent stamp. Well the clerk said: "we can't sell just one 1 cent stamp because we can't accept pennies and we would have to round either up or down; so we only sell them in stacks of 5." So I said, "ok, I'll take 5. Clerk said, "oh, I'm all out. Someone cleaned me out of my penny stamps!" (I cringed, thinking, now people are starting to hoard 1 cent stamps)!

So I said, "how about 2 cent stamps... I'll take two 2 cent stamps and place one on the package. I'll just be over by one cent.." Clerk said, "ok, the total will be 4 cents, but then we will have to round it up to 5 cents." So, getting tired of this pettiness, I just agreed to pay the 5 cents for 4 cents worth of stamps.

After I paid and put the 2 cent stamp on the package, I realized that I should have asked for three 2 cent stamps and have the clerk round down to 5 cents. After all, I did put one penny too much on the package. So I was actually ripped a penny! Clerk whistled a happy tune as I left...

Anyway, all that fuss for a one cent stamp! So, I wonder if someday they'll do away with the 1 cent, 2 cent, and 3 cent stamp and just round off the stamps to the nearest 5 cent stamp!
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Libertad's Avatar
Canada
3692 Posts
 Posted 02/18/2013  1:55 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
allspice: you should go back and buy 3x 2cent stamps over and over again throughout the day. That'll force them to either pay you in 1cent stamp or to stock up on pennies again. I thought this transition to a non-penny world was supposed to be painless but it's worse.
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Canada
1505 Posts
 Posted 02/18/2013  2:24 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
Was at a Mac's store yesterday, when it is their favour they round to the nickle, otherwise they give you change with pennies. Kind of funny, but I guess with lots of small transactions 1-2% can be huge.
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 02/18/2013  5:50 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I was owed four pennies, but all I got was a Nickleback - it was horrible!

"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Edited by SPP-Ottawa
02/18/2013 5:51 pm
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jbuck's Avatar
United States
189340 Posts
 Posted 02/18/2013  6:06 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I got was a Nickleback - it was horrible!
You poor soul.
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Earle42's Avatar
United States
10038 Posts
 Posted 02/18/2013  7:38 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Amazing - all the "official" hubbub about the "worthless" penny and yet a thread like this exists that shows the common man placed value on them in monetary transactions. Both businesses and people are referred to here as wanting/missing them. I hope the US is smarter on this one than they have been in previous years considering other monetary changes.

Yes, eventually the system will be worked out to go more smoothly, but its just funny how humankind has to mess things up royally in order that the powers that be can call it "simplified" and "better."

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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Jerry_B's Avatar
Canada
453 Posts
 Posted 02/18/2013  7:56 pm  Show Profile   Bookmark this reply Add Jerry_B to your friends list Get a Link to this Reply
I'm finding that I get through a checkout a little more quickly. Neither customer nor clerk has to spend time counting out pennies.
I think this is going to work well, once everyone gets the hang of it.
Valued Member
Canada
292 Posts
 Posted 02/19/2013  12:08 am  Show Profile   Bookmark this reply Add cookiecutter to your friends list Get a Link to this Reply
I still use pennies at those businesses that will take them. The other day I was at a grocery store and the clerk asked if the pennies I handed her were the last of them. I couldn't help but smile as I envisioned the $175 worth of pennies still sitting in banker boxes waiting to be sorted at home.

I have found that in a few stores I've been at, they've rounded up even though they should have rounded down.
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The_Stuff's Avatar
Canada
10 Posts
 Posted 02/21/2013  10:30 pm  Show Profile   Bookmark this reply Add The_Stuff to your friends list Get a Link to this Reply
gotta watch Walmart. they tried to round electronic transactions to.. caught that once already!
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