Tuesday, February 05, 2013
Canada, the penny, rounding and merchants.
I predict that merchants will start to always round to the nearest 5 cents in the customers favor when paying with cash. Why? Because if you want to short me 2 pennies I'm going to pay with debit or a credit card, things that you as a merchant pay for. Unless of course you start trying to pass those merchant fees on to customers ... maybe in the USA but not sure about Canada lol. Also, Canada removing the penny is stupid. They should just make them out of plastic or something else super-cheap. Its not like anyone uses pennies in a vending machine anyway. Also .. Bitcoins rock.
