US EditionMcDonald's 'May Not Be Able' to Provide Exact Change Amid Penny Shortage, Company Says
McDonald's rounds cash transactions to the nearest 5 cents due to penny production costs exceeding coin value, a nationwide issue affecting all U.S. retailers.
- At select U.S. restaurants, McDonald's has started rounding cash payments to the nearest 5 cents, though companywide timing remains unannounced due to a penny shortage.
- The U.S. Treasury halted penny production, contributing to shortages as the U.S. Mint reports it costs 3.69 cents to produce a penny, exceeding its one-cent value.
- The chain will apply a five-case cent-end rule to cash totals, with a $6.82 order rounded down to $6.80, based on the exact cent-end mapping for cash totals.
- Stores will post signs and cashiers may suggest alternatives, as only customers paying with cash face rounded totals while customers paying with credit card have transactions unchanged, McDonald's said.
- McDonald's notes similar rounding is standard in other countries, confirming Canada and Australia have used this policy and it will work with the federal government as other retailers face the shortage.
14 Articles
14 Articles
Many Businesses, Including McDonald's, May Not Be Able To Provide 'Exact Change' Anymore
American-pennies Due to penny shortages, McDonald’s and several other businesses are telling customers they may not be able to make “exact change” for awhile, if ever. The shortages stem from President Donald Trump’s February order to the Treasury Department to stop minting pennies. McDonald’s restaurants in some parts of the country, as well as convenience stores such as Love’s and Kwik Trip have begun rounding down to the nearest 5 cents when …
McDonald’s Just Made a Major New Payment Change, and It’s Good News
McDonald’s isn’t just about the comfort of knowing your fries and Big Mac will taste the same whether you’re in Paris, Texas, or Paris, France (although that’s a sweet perk). The whole point of fast food is that it’s quick, convenient and affordable. Because while most of us don’t carry too many dollar bills around these days, there still may be enough cash in your car to cruise through the McDonald’s drive-thru without using a card.And there’s …
McDonald’s ‘may not be able’ to provide exact change amid penny shortage, company says
(NEXSTAR) – Customers at McDonald’s restaurants in certain parts of the country might be seeing a change in how their change is calculated. Due to possible penny shortages in parts of the U.S. — a result of President Trump’s decision to stop producing the coin earlier this year — customers who pay in cash at McDonald’s may not get exactly the change they expect. "Following the discontinuation of pennies nationwide, some McDonald’s locations may …
McDonald's 'may not be able' to provide exact change amid penny shortage, company says
(NEXSTAR) – Customers at McDonald’s restaurants in certain parts of the country might be seeing a change in how their change is calculated. Due to possible penny shortages in parts of the U.S. — a result of President Trump’s decision to stop producing the coin earlier this year — customers who pay in cash at McDonald’s may not get exactly the change they expect. "Following the discontinuation of pennies nationwide, some McDonald’s locations may …
Coverage Details
Bias Distribution
- 86% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
