this post was submitted on 22 May 2025
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[–] thesohoriots@lemmy.world 27 points 2 months ago (2 children)

The phasing out of the coins will mean businesses will need to round prices up or down

[–] Fiivemacs@lemmy.ca 14 points 2 months ago (2 children)

Canada did it.

If you pay in cash, it's rounded up (obviously)

If you pay digitally, nothing changed.

Over a decade, you probably won't even lose a dollar unless you only pay in cash for everything.

[–] Entheon@lemmy.world 10 points 2 months ago

I don't have faith that the US can do such a straightforward system without gouging

[–] buffing_lecturer@leminal.space 5 points 2 months ago (1 children)

If you pay cash its rounded to nearest 5¢, up or down. At least this has been the case in my experience.

[–] Fiivemacs@lemmy.ca 2 points 2 months ago

Yes, my bad. To the nearest 5 cent.

[–] Rentlar@lemmy.ca 3 points 2 months ago (1 children)

In Denmark they had rounding up or down to the nearest 25, now the 50 øre piece. If you're half way in many countries the shop can pick. Electronic payments can still be to the lowest significant digit.

[–] hitmyspot@aussie.zone 1 points 2 months ago

Australia rounds to nearest 5c also. Digital remains the same exact to the cent.