Guest Gumballthechewy Posted February 5, 2013 Share Posted February 5, 2013 I have ten Pringles cans full of pennies. Link to comment Share on other sites More sharing options...
:D Posted February 5, 2013 Share Posted February 5, 2013 Let's do away with cash altogether and move to an RFID wrist scan or something Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 I know some places charge a surcharge if you're using debit and I heard retailers are soon going to be able to do that for Visa/Mastercard too. Does anyone know if this will apply to us as well or just the states? Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 Advantage cash so far though I noticed the Superstore at least always rounds up when paying cash so if you use cash you can look forward to up to 4 cents extra! That's like getting a free plastic bag! What a deal! Link to comment Share on other sites More sharing options...
Shift-4 Posted February 5, 2013 Share Posted February 5, 2013 Saw lots of pennies in the till at Subway yesterday. Link to comment Share on other sites More sharing options...
Blue90 Posted February 5, 2013 Share Posted February 5, 2013 So can I go into the bank and change 3 pennies into a nickel? Rinse and repeat 100 times and I've made an extra $2! Link to comment Share on other sites More sharing options...
Shift-4 Posted February 5, 2013 Share Posted February 5, 2013 So can I go into the bank and change 3 pennies into a nickel? Rinse and repeat 100 times and I've made an extra $2! Link to comment Share on other sites More sharing options...
aGENT Posted February 5, 2013 Share Posted February 5, 2013 I know some places charge a surcharge if you're using debit and I heard retailers are soon going to be able to do that for Visa/Mastercard too. Does anyone know if this will apply to us as well or just the states? Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 ^^^ As an FYI.... The change the government is looking at has been put forward by retailers trying to get back the fees the banks charge them for using credit cards. The retailers want to push the charges (and while they are at it why not an extra processing fee) onto consumers. Mind you, if the banks didn't charge fees to retailers for using credit cards (I guess 20% interest charges aren't enough) there wouldn't be a need for retailers to be pushing for this at all..... But in the meantime I will just make a point of having enough money invested in the banks to make sure I am on the winning side of the equation. Link to comment Share on other sites More sharing options...
aGENT Posted February 5, 2013 Share Posted February 5, 2013 Don't retailers ALREADY push those charges on to the consumers? It's a cost of business that I'd have to assume they would factor in to their pricing. If not, they're not doing it right. Link to comment Share on other sites More sharing options...
hudson bay rules Posted February 5, 2013 Share Posted February 5, 2013 Don't retailers ALREADY push those charges on to the consumers? It's a cost of business that I'd have to assume they would factor in to their pricing. If not, they're not doing it right. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 Don't retailers ALREADY push those charges on to the consumers? It's a cost of business that I'd have to assume they would factor in to their pricing. If not, they're not doing it right. Link to comment Share on other sites More sharing options...
hudson bay rules Posted February 5, 2013 Share Posted February 5, 2013 Sure, but if you can get a premium from those not using cash, why wouldn't you? Alternatively one could look at it a different way. If people are paying with cash why should they pay a share for the premium for the credit card payers? It stands to reason they should get a discount. And whether you call it a discount or a premium is really just marketing since a discount for one group is a premium for the other. It's the same thing.... Link to comment Share on other sites More sharing options...
aGENT Posted February 5, 2013 Share Posted February 5, 2013 Sure, but if you can get a premium from those not using cash, why wouldn't you? Alternatively one could look at it a different way. If people are paying with cash why should they pay a share for the premium for the credit card payers? It stands to reason they should get a discount. And whether you call it a discount or a premium is really just marketing since a discount for one group is a premium for the other. It's the same thing.... Link to comment Share on other sites More sharing options...
AllHailSmyl Posted February 5, 2013 Share Posted February 5, 2013 I guess businesses are trying to get rid of their pennies first. Paid 3 cash transactions today, still got pennies for change, would've paid 3 cents combined less on two and 2 cents extra on one. So in the end, if all three were not giving pennies for change, I would've saved 1 cent today on 3 seperate transactions. Seems like it'll even out in the long run just as I figured it would. Link to comment Share on other sites More sharing options...
Squeak Posted February 5, 2013 Share Posted February 5, 2013 I guess businesses are trying to get rid of their pennies first. Paid 3 cash transactions today, still got pennies for change, would've paid 3 cents combined less on two and 2 cents extra on one. So in the end, if all three were not giving pennies for change, I would've saved 1 cent today on 3 seperate transactions. Seems like it'll even out in the long run just as I figured it would. Link to comment Share on other sites More sharing options...
Wetcoaster Posted February 5, 2013 Share Posted February 5, 2013 No more Penny... say it ain't so: Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 Well, if you knew Walmart charged 2% for cc transactions and you were also aware that Safeway didn't charge anything extra for using a cc you might be inclined to shop at Safeway even tho it might cost you more in the long run. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 Because it's a cost of doing business. If I go to Save-On and only buy non refrigerated food products I don't ask for a discount as I didn't buy anything that required expensive refrigeration. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 5, 2013 Share Posted February 5, 2013 I guess businesses are trying to get rid of their pennies first. Paid 3 cash transactions today, still got pennies for change, would've paid 3 cents combined less on two and 2 cents extra on one. So in the end, if all three were not giving pennies for change, I would've saved 1 cent today on 3 seperate transactions. Seems like it'll even out in the long run just as I figured it would. Link to comment Share on other sites More sharing options...
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