Chipotle Mexican Grill payment policy

[givemecarbs]

http://finance.yahoo.com/news/penny-r...

[tardigrade]

I think pennies should be eliminated and everything priced in multiples of 5. But then there's this pesky problem of sales taxes...Rounding up or down to the nearest $0.05 would be fine if establishments rounded down as well as up.

Come to think of it, it is possible to include sales taxes in the cost of the food - but I've only seen one place that ever did it.

[dbrodbeck]

From what I will understand, in Canada, we will use 'Swedish Rounding' which makes it all a zero sum game. http://en.wikipedia.org/wiki/Swedish_...

[CanadaGirl]

That is my understanding too. And the rounding will only happen on cash purchases.

[tommy]

Sales tax isn't an issue with individual purchases. Sales tax is aggregated. which is why it makes no business sense whatsoever to charge 8.04 for a sandwich.

Don't get me started on that old school belief that charging 19.95 for your chicken instead of an even 20 increases sales. This isn't 1950, owners. It's ugly on your menu, and insulting.

[libgirl2]

I remember being very surprised many years ago while visiting my family in the Dominican Republic. We went shopping and the cost of the item was lets say $19.95 and they rounded it up to $20. With the value of their peso, coins were pretty useless, but things were still marked to reflect change.

[CanadaGirl]

Realistically though, there's no way for a store to ensure the rounding will always be in their favour. After all, they can't predict what combinations of products a consumer will purchase.

[dbrodbeck]

Yes exactly, there is nothing to fear at all. you will either be up or down 5 cents after each transaction, resulting in an expected net of 0.

[ipsedixit]

We should do away with cash entirely.

I might even give panhandlers money if they accepted credit cards.

[Veggo]

I can see the organ grinder's monkey trading in his tin cup for a credit card imprinter...

[ennuisans]

This is how New Yorker cartoons happen.

[Veggo]

I have had no success with their captioning contests - tough field, eccentric judging. Sob. Thanks, though.

[tommy]

Works for me. If food service staff touches fewer coins I'm all for it. And I can't be bothered with pennies.

[CanadaGirl]

That policy is about to be the law in Canada really soon; we are phasing out the penny.

[Veggo]

Fine by me. When I get pennies back I reflexively look for the penny cup, and it moves the line faster. But probably the ACLU will bring suit...

[C. Hamster]

It would be the Attorney General and yeah they would probably issue a cease and desist order if they round up.

[Veggo]

There's how I want my tax money spent...