No more pennies for cash sales

No more pennies for cash sales

I want to stop using pennies in my Square POS over-the-counter sales.  This is due to the new national policy to stop minting pennies.  I could set my prices to the nearest nickel, dime, or quarter, (which I have done before) but when %discounts are taken into account, there will always be some cash sales that will need pennies for change.  We are not going to stop offering % discounts for various good reasons.  I want Square Register to have an option to round the change to the nearest nickel, since pennies are going 'obsolete' in the US.   My employees could theoretically do this manually, except for 2 reasons:  the numbers won't add up at the end of the day (the register count will always be 'off'), and also that you would be surprised how many young people can't do simple math, or perform simple concepts like 'rounding'.    Currently, when I apply a percentage discount, the SquareUp POS must already round to the closest penny.  That's just math.  If they can round to the nearest penny, then it can be made to round to the nearest nickel also.

47 Replies
Square Champion

My previous POS had the ability to set the rounding to;

  • The higher x coin (nickel dime, quarter)
  • The lower x coin (nickel, dime, quarter)
  • The nearest x coin (nickel, dime, quarter)

It would add a line item called "rounding".  Some transactions it would be +/- $.02 or $.01, as I would round to the nearest nickel.   I ran it for 17 years that way prior to converting to Square and only one customer out of the hundreds of thousands we had ever quetsioned it (and that is because it was part of a community outreach program teaching a person how to interact financially in society).

 

This function was critical because some of our items would want to ring up at $x.01, which is a real PITA when working in a bar situation.  

 

Having this function would help improve operations for those that want to activate it.

Square Community Moderator
Status changed to: Open

Hi @DocPopcorn, thank you for submitting such a great feature request. We value your explanation of its potential benefits not only for your business but for other businesses out there. If you have any other Square Community peers who might also support this idea, please tag them so they can contribute their thoughts. More community engagement can help draw our product team's attention to this request.

This would be extremely helpful as we are looking to phase out pennies. i would like the ability to round tho the nearest nickel for cash and credit card sales. we don't know if they will be paying cash or card at the time we show/tell them the total, so id hate to say "that will be $ 13.23......oh your paying cash? that's 13.25 then....." we will need this feature soon!!

Everyone who runs a cash business wants this. I have been with square for too long to expect any useful changes, but just know, everyone wants this.

Square Champion

Wonder if there is any more info on this?

Admin
Status changed to: Open
 

I was just told by my bank that they will stop accepting pennies in my deposit NEXT FRIDAY (10/17/2025). Please consider this enhancement as high priority as this is going to be a national issue in the next few months. 

 

Also looking to make this change since US is no longer minting pennies and circulation of these coins will become harder and harder to manage. This should have been made a priority to develop after the change was announced in US.

I was told by my bank yesterday that I can no longer "purchase" pennies. I need an answer asap on how to make square round up for my sales as the above person also requested. I sent a message to a Square Rep. Hoping for an answer soon on how to do this.

I couldn't get any pennies at our bank yesterday either.

 

We need a rounding feature yesterday!