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Does that mean pricing psychology would work differently? 19.99 would be out of fashion?
by ww520 15y ago
Does that mean pricing psychology would work differently? 19.99 would be out of fashion?
- mahyarm 15y agoIt will turn into 19.95 to keep the same psychology. Many stores already vary the last digit to mark the status of the item. Such as 97 for clearance items and so on.
- aoprisan 15y agoactually, it'll be $20.00
- artursapek 15y agoI sure wish it would. I never really understood the supposed psychology behind .99 and .95. To me, three nines looks less welcoming than three zeros.
- mahyarm 15y agoIt's so it doesn't cross the subconscious barrier of "under 20 dollars". $99.99 doesn't cross the subconscious barrier of $100 for example. It's probably been A/B tested to death, since it's so widespread among retailers.
- artursapek 15y agoWow. I'd like to think people aren't wired like that, but I guess subconsciously there's lots of exploits like this.
- mahyarm 15y agoIt's so it doesn't cross the subconscious barrier of "under 20 dollars". $99.99 doesn't cross the subconscious barrier of $100 for example. It's probably been A/B tested to death, since it's so widespread among retailers.
- deleted 15y ago[deleted]
- NZ_Matt 15y agoIn New Zealand our lowest denomination is 10c but retailers still use that pricing tactic. Electronic card transactions are very popular here and they are charged to the advertised price while cash transactions are simply rounded to the nearest 10th.
- ww520 15y agoIs that misleading? Advertising for 19.99 but charged at the rounded up 20.00.