Why don't Dunnes Stores round up/ down?

huskerdu said:
You have literally just invented numbers with no evidence that on average rounding goes in favour of the supermarkets
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Maybe he did, maybe he didn't.........
But do you honestly think that supermarkets would have adopted the scheme if it didn't go in their favour?
 
Not an assumption at all Huskerdoo - an example.
But it is extremely common for items to be priced at X.99.
And also at X.29, X.59, etc.

Of course if you buy multiple quantities, things will even out - but if you can only afford a max of two on any occasion, then you stand to loose out.

I just think that retailers should price honestly in round €X.00 euros.
 
I’m cynical about the motives of any business.
they didn’t have a lot of choice as the Central bank is removing 1c and 2c coins from circulation.
They have avoided the cost of handling coin which is an immediate benefit
 
Dunnes initially started and rounding up and I think customers were not happy. I am delighted you get the right change. Don’t forget easy to cash out if the right change is in the tray at the end of the day.
 
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I can't remember the last time I saw a 1 or 2 cent coin (or a 5c for that matter). I'd be interested to know how many people are still using cash in the shops, and the overall reduction in cash use since the start of 2020.

also, I get that many people have to watch the pennies, but if you went to the shop every day of the year and got rounded up every time, at most you'd be down €7.30 for the year.
 
Sconeandjam said:
Dunnes initially started and rounding up and I think customers were not happy. I am delighted you get the right change. Don’t forget easy to cash out if the right change is in the tray at the end of the day.
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Surely then Tesco, Supervalu, Lidl etc etc customers wouldn't be happy either? My original query was what is the actual reason Dunnes are an outlier. Dunnes would suit themselves and the rounding must be something that they dont want to do. I think personally they should be told to get on with it and fall in with all the other shops in their industry.

I don't really mind getting 1c and 2c in change - as I put them in a jar and after a year they're worth a fiver/tenner which the kids are welcome to.
 
everything is marked ending in 99 if the don't want to give back 1 or 2 cents ,then they should mark their products in €1.00 or 95 cents on their display stickers
 
Alot of retail staff are uneducated and think rounding is mandatory not voluntary. I always mention the Central Bank Act to them. The way they carry on you would think you're stealing from them if you ask for your change. I regularly get caught with rounding. It should never have been brought in.
 
Just pay by card and avoid all the shenanigans.
 
Pmc365 said:
I prefer cash as I don't have to check my bank statement.
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I usually just double check my balance before I plan to go to the shops. Takes 5-10 seconds while I'm walking to it but anyway I just have a dislike for dealing with coin change.
Additionally with the phone you can have your loyalty cards on your Google Wallet and so reduces the need for wallet/cardholder.

Just a slight tangent here but a family member works as a barista and I thought she would tell me that there was a low percentage use of cash for transactions but she told me it's about 50-50 for them.

So, many people are happy to continue using it.
 
I'm in and out if shops all the time for reductions and prefer cash. I take out €200. It does me well over a month. I don't like being tracked by my bank.
I was over on Spain recently. Cash is used more frequently there from my experience.
 
I don't see the issue here. You are talking about 2 cent per transaction.

It can be a loss or gain, so it all comes out in the wash anyway.
 
Fortune said:
Do you not need to check it for all your cash withdrawals?
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I only do 12 in the year.
Incidentally my bank, EBS, can not be trusted to accurately reflect transactions on the statement. I recently transferred a large sum from a regular saver to my current account by credit transfer. EBS statement said it was a " cash lodgement". If the Revenue saw that they would ask questions about such a large cash lodgement when there was no cash lodgement.
 
Pmc365 said:
I don't like being tracked by my bank.
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Do you carry out any online shopping(Amazon,Ryanair,etc) , make use of supermarket loyalty cards or heck even carry out google searches.
There is a more tracked information about you personally and what makes you tick than what the banks have about the stores where you spend your money each month.

ClubMan said:
I'm not sure that your bank is that interested in how many Jaffa cakes or toilet rolls you're buying.
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I'm sure they carry out analysis of what people do with their money but it's going to be at larger macro level.
As you say the bank even if they could tell have no interest in how many Jaffa cakes you are buying but maybe where you buy and method of payment is important at some aggregate level.
 
Exactly. The bank only knows that you spent money in Boots. They don't know if you bought a sandwich or Anusol. On the other hand, your loyalty card tells Boots that you are the 47 year old from Kildare that buys deodorant every 3 months and has a dodgy stomach.
 
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