The round-up

OU812

Someone I know bought a phone in vodafone yesterday for €89.99, the price was rounded up by 1¢ to €90. Which I know is part of the plan to ease out copper, however, they were paying by card... Which is issue #1

Inns #2 is the fact that this works in both directions, prices are to be rounded down if they're under 5¢, but Vodafone don't sell anything under 5¢, everything is .99 or .00, so over hundreds of thousands of transactions per year, they're going to be rounding up...

It's a shame that in part of the plan to round up, the government didn't introduce a diversion to charity. There's no reason stores couldn't make a charitable donation of all the round-ups per month...

Sh1tbag OToole

Shops should just pack in the .99 pricing. Surely the effect has worn off as this stage

NachoBusiness

Have America ever rounded down or up with their cents?

There's a joke in there somewhere for someone. Too early for me.

kneemos

That's a hundred quid for every hundred thousand transactions with a penny round up.

Ain't nobody getting excited about that.

gramar

If the phone had been priced at 95.00€ they still would have bought it. 5.01€ extra for Vodafone and you're saved the indignation of them rounding up by 1c.

OU812

kneemos wrote: »

That's a hundred quid for every hundred thousand transactions with a penny round up.

Ain't nobody getting excited about that.

Actually, it's €1,000 & they do way more transactions than that per year.

I'd rather it went to charity than a company though.

JohnnyChimpo

slow news day

Armchair Andy

Best thing ever for weeds imo

pickarooney

NachoBusiness wrote: »

Have America ever rounded down or up with their cents?

There's a joke in there somewhere for someone. Too early for me.

They add tax on top of the listed price so you get all sorts of weird amounts when you go to pay.

kneemos

OU812 wrote: »

I'd rather it went to charity than a company though.

It's spread over dozens of Vodafone shops,so they gain a couple of quid at best.

RiderOnTheStorm

Note: the rounding up or down is voluntary. You can insist on getting your 1c change if you dont want to pay the €90. This is because not all Euro countries are part of the copper-ban, and tourists might want their 1c or 2c change.

Also, they dont round down if its under 5c (or up if its over 5c). If it ends 1 or 2, then its rounded down to 0. If it ends 3, 4, 6 or 7, then its rounded to 5, and if it ends 8 or 9 its rounded up to zero (or a euro in your case).

Samsgirl

Do they still think the .99 cent is fooling anyone?
89.99 is 90euro. Is it that some people register this as 80 something Euro?!

biko

Yes, that's the whole point if 89.99, people think it's cheaper than 90.00 (and technically it is).

osarusan

OU812 wrote: »

Inns #2 is the fact that this works in both directions, prices are to be rounded down if they're under 5¢, but Vodafone don't sell anything under 5¢, everything is .99 or .00, so over hundreds of thousands of transactions per year, they're going to be rounding up...

Buy 3 things costing .99 and the final cost will end in .97, and it will get (hopefully) rounded down.

spaceHopper

Ok so it’s a couple of months since they introduced rounding of change to the nearest 5 cent but I've noticed something in one shop. Let’s say the bill was 1.72 with change of 28 cent then I should get back 30 cent but they gave me the 28 cent, aka if it rounds in your favor they don’t round down, but if it’s in the shops favor they round up? Anybody else come across this?

smash

If you pay by card you can request to pay the exact amount.

GLaDOS

If you were to buy 3 items in the one transaction all ending in .99, your total would end up .97 and would be rounded down.

So always buy in 3s.

osarusan

spaceHopper wrote: »

Ok so it’s a couple of months since they introduced rounding of change to the nearest 5 cent but I've noticed something in one shop. Let’s say the bill was 1.72 with change of 28 cent then I should get back 30 cent but they gave me the 28 cent, aka if it rounds in your favor they don’t round down, but if it’s in the shops favor they round up? Anybody else come across this?

I'm sure some shops will try to pull a fast one in that way - did you ask them about it? "Shouldn't that have been rounded down?"


I know some shops have signs up explaining the system and their participation in it, but I don't know if these notices are mandatory.

I think it is voluntary not only for customers, but shops can also opt out of it. I think it is voluntary for them also, but I presume that if they do participate, they must participate fully, not just when it gets rounded up.

Having said that, these FAQ from the central bank would suggest a retailer could actually do that by following the answers literally:

Q. Do I have to participate in rounding?
A. No. Participation in rounding is entirely voluntary for both retailers and consumers.

....

Q. If I chose to take part in rounding can I later decide to pull out?
A. Yes, participation in rounding is voluntary at all times.

Q. If I chose initially not to take part in rounding can I take part later?
A. Yes. You can apply rounding at any stage.

TheQuietFella

spaceHopper wrote: »

Ok so it’s a couple of months since they introduced rounding of change to the nearest 5 cent but I've noticed something in one shop. Let’s say the bill was 1.72 with change of 28 cent then I should get back 30 cent but they gave me the 28 cent, aka if it rounds in your favor they don’t round down, but if it’s in the shops favor they round up? Anybody else come across this?

Yes! I have noticed this with a major retailer. My overall total was rounded

up a few times but never reduced. I don't care that it's only one or two cents

but I've requested my change in full. It another scam.

rubadub

RiderOnTheStorm wrote: »

Note: the rounding up or down is voluntary. You can insist on getting your 1c change if you dont want to pay the €90.

I don't know about paying with cards but if you handover 90 euro, or even a 500 euro note the shop does not have to give you any change.

This comes up quite a bit in the consumer forum.

TheQuietFella

rubadub wrote: »

I don't know about paying with cards but if you handover 90 euro, or even a 500 euro note the shop does not have to give you any change.

This comes up quite a bit in the consumer forum.

Of course they do!

rubadub

TheQuietFella wrote: »

Of course they do!

They don't, you can search for the numerous threads yourself, its quite a boring argument and they go on for many pages.

KERSPLAT!

Yep, it's usually started when a delivery driver doesn't give correct change. I believe Rubadub is correct, though a business that didn't give change may not last very long unless they advise you before handing your money over

TheQuietFella

https://www.centralbank.ie/paycurr/Pages/rounding.aspx

I'm not going to argue with the Central Bank!

The flying mouse

Thought this was another gangland thread :-(