Small Businesses Brace for Penny Phaseout as Cash Change Gets Complicated

Without pennies, should retailers round up or down? States offer their 2 cents

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City of Irving Prepares for Penny Phase-Out, Cash Purchases to Be Rounded to Nearest Nickel

The U.S. government is beginning a gradual phase-out of the penny, citing rising production costs and its declining use in everyday transactions.

The elimination of the penny shows signs of unforeseen costs

When President Donald Trump announced the discontinuation of the penny in February, responses ranged from a resounding “meh” to borderline celebration. Outside circles of nostalgics, dedicated hobbyists, and amateur numismatists, nobody really cared. Nobody shed a tear. The only negative word anyone could muster typically came in the form of a couple of lines from commentators wondering what this would mean for disenfranchised individuals, namel…

Small businesses brace for penny phaseout as cash change gets complicated

A souvenir penny from Berlin may look like a simple keepsake, but it now represents a bigger shift happening at cash registers nationwide. With the penny being phased out, small businesses begin to figure out the best ways to handle…

DC Businesses Wrestle With the End of Pennies

In November, the US Mint stopped producing pennies, which means the coins will slowly fade from use as they go out of circulation. (Around 300 billion of them are out there.) That won’t be much of an issue for the city’s higher-end eateries, where credit cards rule. But for other establishments, cash is still part of the daily routine, and the looming penny shortage poses a problem. The Restaurant Association Metropolitan Washington’s Shawn Town…

Penny's demise has businesses seeking guidance for future

As pennies vanish from the American landscape, many businesses are clamoring for federal guidance on how to handle cash transactions in a penniless world.