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 Replies: 61 / Views: 7,926 |
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Pillar of the Community
Canada
695 Posts |
It's actually 1 lost for every 100 purchases ($0.02 x 100 = $2.00). If you bought 3 instead of 2 each time, then you would get an EXTRA carton for every 67 purchases.
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Pillar of the Community
Canada
2781 Posts |
Quote:
I'd like to see the nickel and dime disappear and we round up to the nearest quarter! the same cabinet minister that started with the penny has already stated that the nickel next to go, and then quarter. plan is then to institute a TWENY and FIFTY cent coin (and $5). paper work already filed, but it took the penny removal something like 6 years to get the stamp of approval so I am not holding my breath. theory was multiples of 10 only will somehow work better than current system. |
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Pillar of the Community
Canada
838 Posts |
I'm a fan of the changes myself. I don't see what all the concern is about rounding causing consumers to lose money. If the system is transparent and we get to choose how to pay, then it's to our monetary benefit. Save those Two Cents on every three cartons and get that extra carton of eggs every 150 or so. There's no excuse for understanding the system, yet complaining about failing to take advantage of it! I'd personally like 10, 20, 50 cents to go along with $1, $2, $5. But then I think we should put off getting rid of the dime for a while. The charity drives, bottle deposits, poker games, etc. still need something this small IMO. Actually, I think we could get away with 10c and 50c only. Edited by bibd
02/09/2013 01:59 am
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Valued Member
Canada
475 Posts |
me thinks you guys all have far too much time on your hands  !!LOL |
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Valued Member
Canada
202 Posts |
Not a retail place, but did a dump of coins in the BMO coin counter - amt came to $116.41.. The teller gave $116.45 saying the policy is always in the customer's favour
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Pillar of the Community
1007 Posts |
I don't believe they can ask for a penny, if its 71 cents, it's rounded down to 70 cents, pretty basic. How can they ask for something that isn't even given out by the government as legal tender.
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Valued Member
Canada
453 Posts |
If I was asked for a penny:
"Sorry, I don't have one."
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Pillar of the Community
Canada
815 Posts |
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The government is encouraging (not forcing) businesses to start rounding. If a business still has the ability to give change to the penny, then they have every right to ask for every penny.
This is the problem, that there is no clear guideline. The government should provide an open-ended, but uniform set of guidelines. At the VERY least, the swiss rounding system should be mandatory if requested by the customer. In every instance, the customer, not the business, should get to dictate the terms, to avoid abuse. Also, as people have previously mentioned, if one carries 3 pennies with them at all times, they can have their cake and eat it to. A store cannot round a price up if you have exact change. |
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Valued Member
197 Posts |
The penny is only removed from cash transactions. All credit and debit cards and checks are to the penny ... same with your bank accounts. As a Yank living up here in Canuckland since '97, I always had a hard time seeing the difference, visually, between a 5 and a 25 cent piece to start with .. get rid of the nickel as well. The penny was useless.
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Pillar of the Community
1007 Posts |
If you have trouble telling the difference between a nickel and quarter, you might have bigger problems.
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Valued Member
197 Posts |
Looking at the Obverse, they are about the same size, same portrait, and bright and shiny. It's easy when you see the reverse but, in a handful of change, I have initial problems.
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Pillar of the Community
Canada
695 Posts |
Quote:
I don't believe they can ask for a penny, if its 71 cents, it's rounded down to 70 cents, pretty basic. How can they ask for something that isn't even given out by the government as legal tender. What if they asked for a nickel? If they can provide you with the correct change then they should be able to expect the correct amount without rounding. I for one would expect to be paid the proper amount until I could no longer provide the proper amount of change. Why should a consumer be allowed to use them, but a business not be allowed to ask for them? The government is running a four or six year program to collect all of the pennies. Therefore, you should expect to continue seeing and using them for some time. |
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Pillar of the Community
1007 Posts |
I just don't understand how a store can ask for a penny, if the government doesn't even provide them to its citizens.
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Valued Member
Germany
138 Posts |
This is an interesting thread for us here in the states. We have been having the penny discussion for a while, and the topic of how businesses will round comes up quite a bit. From this thread, I have gleamed that eliminating the penny will cause confusion amongst those who cannot make change  Good to know!  |
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Pillar of the Community
Canada
1005 Posts |
The company that distributes the globe and mail and Toronto sun just came in with their invoice. $45.62
She says it is $45.65
I say no it is $45.62. Which would round down to $45.60
We have to round up because we have so many stores to go to she says.
I gave her exact change. 45.62
Edited by Bm0ney
02/11/2013 09:07 am
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Replies: 61 / Views: 7,926 |
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Posted 02/08/2013 8:43 pm
