It costs more to produce and manage 1 cent coins than the cent's value itself

>it costs more to produce and manage 1 cent coins than the cent's value itself.
>stores and companies still do the "9,99€" marketing tactic
>it actually works
when will people develop critical thinking and realize that 129,99€ is actually 130€ but receiving a free 1 cent coin ? there are literal billions wasted on 1 cent and 1 penny coins
should countries ban the "2,99€" price strategy?

Yes

Yes

Most European countries don't produce 1 cent coins anymore.

we just need an EU law that forbids x,99€ price

Honestly, fuck this shit.

Yes

Absolutelly
In online stores idgaf, but in physical stores where you pay in cash its fucking disgusting, you end up with half a kilogram of useless change

Well here in Austria you have some meme machines where you just drop your trash coins in and you get back something of actual value. Pretty sure most other countries in EU have those, but it's a fucking hassle nonetheless.

We never used those here in Finland. Cash payments are rounded to the nearest 5 cent.

And the 2,99€ isn't a scam. Buy three things that are xx,x9 and you save five cents. Buy all your weekly groceries once and you save like tens of cents every week.

But yeah, fuck those coins. I had a shit ton of those after all my visits to other Euro countries. This year I dumped all of them in an ATM and got like three euros.

Don't you get charged some stupid fee for using those machines?

Some people here just toss them in the street.

here in Portugal, you get charged 3 euro for more than 100 coins

so if you wanna exchange 10000 coins of 1 cent, you get 100 euros - 3 euros

>Buy three things that are xx,x9 and you save five cents

Not sure honestly, haven't used one yet. Saw people use them though, wouldn't surprise me though.

a brand new pound coin here in england on the basis that the mint wishes to counteract fraud.

Golly, unless the losses from fraud related crime really are higher than expected, I wonder how much financial loss will be taken from the creation of new currency.

Yes.

I don't think stores in a socialist countries apply this method tho.

Spent a semester in the Netherlands and they don't use those coins at all, they just round the prices something divisible by 5. At first I thought it was stupid, but once I got used to not having my wallet full of useless fucking 1 and 2 cent coins I realized it's actually a pretty good idea. Who cares if you have to pay 3 more cents to round up the bill, it beats carrying a dozen coins you'll never want to use.

>ban the 0,01€ coin to avoid the "2,99€" price strategy
go on, and shops will do the notorious 2,98€ trick

It will be better if we forget about physical cash altogether.

We got rid of pennies years ago bud.

But sometimes you just want to roll some pennies for some cheap booze.

hah

Yes.
>buy three things that costs 0,99
>the sum is 2,97 which is then rounded to 2,95
>2,95 combined instead of 3,00 if bought separately

I missed the rounding part

The rounding also works the other way around. Back in 2008 there were like Snickers bars that cost 0,37€.
>one costs 35 cents
>two cost 75 cents
>two cost separately 35+35=70 cents

I'd say no meme tricks, 2.95 is okay, but 2.96 definitely not, I don't want ANY fucking combination of anything less than 5 cents back.

That only works if they're packaged together right? It's saving if you actually meant to buy 2 or whatever amount, but otherwise it's just another trick to get you to think that you're saving when in fact you're being subliminally tricked into buying more product. Unless I missed something...

>mfw I've got over 1000 of 1 cent coins just so I feel less poor