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The UK needs a 99p coin.
by account-5 3y ago
The UK needs a 99p coin.
- lisper 3y agoIt has one. It's called a 1 pound coin, but wait a few days and it will be worth 99p.
- Freak_NL 3y agoDo stores in the UK actually hand back a single penny for a £0.99 purchase? If I buy something for €0.99 in the Netherlands, I won't get my cent back if I hand over a €1 coin. The 1 and 2 cent coins still exist, but shops all but banned them and round to the nearest multiple of 5 cents.
- lisper 3y agoI have no idea. My comment was intended to be nothing more than a joke.
- forgotusername6 3y agoSorry what? Are you saying that every shop will short change you in the Netherlands? There would be uproar here in the UK. That one penny will be handed to you 100% of the time in the UK. Surely if such a policy was in force they should be forced to round down and so return you 5 cents.
- Freak_NL 3y agoShort or long change you, depending on the amount, so in the long run it evens out assuming you buy multiple items at a time with a certain variance in cost. €2.97 will net you 2 whole cents if you pay €3 in cash and get a five cent coin back. It's legal: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...
- jeroenhd 3y agoThere's a lot of rounding in stores. I don't think anyone cares for 1 cent coins (most stores don't accept them anyway). With digital payments taking care of transferring the exact amount with no additional surcharges for at least 20 years, I don't think it's a pressing issue. If I cared for my 1 cent, I'd pay through NFC or by card. Stores are allowed to round to round to 0 or 5 cent if they indicate they do. This can also work in your favour; €1,07 will be rounded down to €1,05 if the store rounds to fives, and you should be given your 5 cent coin if you pay with €1,10. I've never checked if stores actually do that, though; I think it's been a decade since I last paid with cash at the grocery store, so all I can tell you is the law and explanation the government provides: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...
- Symbiote 3y agoSee https://en.wikipedia.org/wiki/Cash_rounding https://en.wikipedia.org/wiki/Cash_rounding It's been discussed by policitians in Britain, but as far as I know there are no plans to introduce it.
- gsej 3y agoYes they do, and people would ask for their change if they didn't. I don't know why.
- becquerel 3y agoThey will, at least in my experience, but from the glares you get you'll wish you'd told them to keep it.
- paleface 3y agoThat would be false advertising, in the UK. Rather - you should be asking the question, why don’t the shops in the Netherlands, just mark up the price, to €1 instead?! Seems incredibly stupid, to me.
- Freak_NL 3y agoShops worldwide do this; whether it is $1.99, €1,99, £1.99 or ¥499. It's a psychological trick. The exceptions (like the Dutch HEMA for which whole unit prices are part of its heritage) use it as a distinguishing feature, but most shops don't dare to.
- nerdbert 3y agoBecause if you buy five of that item, you pay €4.95. Few people go into a store and buy one €0.99 item. And if you pay with your debit card then it's still €0.99.
- jws 3y agoDo people in the UK use cash? I was in London for a week before I finally needed to get some cash to pay for a contractor for illegal services (a forbidden historical tour), later I needed coins to do laundry and the convenience store didn't have enough for a load of wash and a dry, he changed enough for a wash and the pub across the street had enough for a dry.