Phasing out the penny - they are ripping us off

I think this issue has more to do with people not knowing how to round up/down. This has happened to me multiple times and almost got into an argument at a McD's over $0.03 but didn't cause I just said fck it, its $0.03.

Of course there are going to be people that intentionally round up all the time pretending they don't know whats going on, but most of the time this mistake is made, its by high school looking kids at the cash.
 
Are you watching your retirement nickels as closely?
 
You're right. It could be a factor of a few things. I'm a franchise owner (not timmies) so I'll explain the process from my experience.

The way most POS (point of sale) devices are setup they have a cash or credit button. Ours auto defaults to the cash button so when we hit total it will show the rounded value as per CRA regulations. Rounding down if it's under .03 or up if it's .03 or over. If you wish to pay by credit (any method not cash) it should not be rounded. Typically, sometimes they get busy and don't hit the credit button or will hit it at the end. It takes a while to train the employee.

The other scenario is the franchisee owner or manager incorrectly programmed his POS. Instead of rounding down or up it's rounding out. It's upto the franchisee owner to take care of these things and not head office. Head office only provides support and tools to take care of these matters, but doesn't directly fix things.

The other scenario is that franchisee is a crook and got greedy so he or she decided to program it so that they get extra pennies. If they are doing this they are probably doing other crooked things and when they get audited the CRA will royally rape them.

Remember most small businesses (including timmies) are penny businesses so a penny saved or earned can mean thousands of dollars in profits. Especially for a business like timmies that deals in volume.

The actions of the franchisee should not be taken as the entire organization being crooks. If you really want to go after them then contact the CRA not timmies head office.

MarcosSantiago said:
This is the second time this happens to me: Tim Horton's downtown "rounded up" incorrectly, to their benefit. Innocent error? I think not.

Medium coffee and a donut = $2.65 and it was rounded up to $2.70. So they kept five cents both times... How in hell does that work? We are phasing out the penny, not the nickel!!!

As you know, prices have to be rounded up or down to the nearest .00 or .05.

The first time I didn't mind much, I thought it was an error, now I see it is their new practice for some extra income. This Timmy's location serves (in my calculations) approximately 5,000 people every day... a few cents here, a few cents there... obviously they are going to make a killing stealing money... I think I should send the head office an email, not because ten cents, but in principle...

Anyone else noticed this?
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tat2 said:
That's just screwing yourself out of a penny since you now owe $150.05

Schneller also the math rules of 4 or less round down, 5 round up don't apply to rounding for pennies since you have to round to the nearest nickel.

1 or 2 cents round down, 3 or 4 cents round up.
http://www.mint.ca/store/mint/learn/rounding-6900008#.UipgTNI3s9o

OP - what does the till say? I thought the screen showed the actual price (what you would pay by debit/credit) and the rounding is done by the store clerk or only by machine if cash is selected a method of payment.
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You are totally correct. Sorry. I was fixated on rounding to the nearest ten, and lost the memory of the existence of he nickel coin.
 
DucatiDan said:
I pump my gas 2 cents at a time. Takes me 3 1/2 hours to fill up but it's free baby! :cool::lmao:
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Next time you pump gas (especially at the Petro Canada at corner of Lakeridge and Hwy #2) hold the nozzle out a bit so you can see when the fuel starts coming out. Tell me how many cents it says on the pump when it actually starts coming out ;)
 
chiefswallow said:
Next time you pump gas (especially at the Petro Canada at corner of Lakeridge and Hwy #2) hold the nozzle out a bit so you can see when the fuel starts coming out. Tell me how many cents it says on the pump when it actually starts coming out ;)
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I've always questioned the volume reading at gas stations too
 
chiefswallow said:
They are "corrected" by temperature, so trying to measure it to check the calibration might be difficult.
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chiefswallow said:
They are "corrected" by temperature, so trying to measure it to check the calibration might be difficult.
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It depends on a lot of variables, how well the person before you drain the hose after they pump, eg a car with a dumped suspension will empty that pump hose. After you arrive & you lift it to your face to gauge the amount of $ needed before you see gas coming out, it will appear to be inaccurate. I'm guessing the hose itself holds a liter of gas, depending on the length of the hose.

There was a program on tv where they measure the pumps. Can't remember the results
 
chiefswallow said:
Next time you pump gas (especially at the Petro Canada at corner of Lakeridge and Hwy #2) hold the nozzle out a bit so you can see when the fuel starts coming out. Tell me how many cents it says on the pump when it actually starts coming out ;)
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The inverse is true too however; when you stop pumping a bit of fuel continues to pour out.
 
we have a toy store in niagara falls, and since the penny being dropped, out cash tills are never off up or down more than 15c for the day.
 
Look up "high frequency trading". Oil companies are nothing compared to what they do on the Wall Street.

kellen said:
I pump $150.02 gas into my truck then pay cash. ****ing the oil companies, two cents at a time
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