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bryanlarsen 13 hours ago

It costs on average 2 cents because without legislative authority to round to closest the retailer must round down and eat up to 4 cents of difference.

Cash costs retailers money too. Safely transporting it to the bank, et cetera. For many, cash is more expensive than credit cards.

zahlman 11 hours ago | parent | next [-]

> Cash costs retailers money too. Safely transporting it to the bank, et cetera.

Yes, and now they won't have to incur that cost for pennies.

ezfe 12 hours ago | parent | prev [-]

They can reprice items to minimize rounding