Hi there @4dogloves.. I haven't seen any announcements here, yet, about Square's plans. Most likely, this is because they are waiting for government guidance (both federal and state) on what is and is not acceptable. Unfortunately, when the administration announced this, they didn't think about the complications -- it seemed like a good idea and an easy one and no one bothered to think it through. Go figure.
Anyway, in my ice cream shop (only 20% cash tenders these days), we still plan to accept pennies. But if we don't have them for change, we are ALWAYS going to round in favor of the customer. We have decided not to round to the nearest nickel, which would cause some customers to get short-changed. That's just not a good look for any business, really. Besides, since cash is only 20% of our business AND since we made the decision over a decade ago to build the cost of card processing into ALL transactions (cash or card) we can afford to eat a few pennies here or there. Honestly, that decision is a great marketing tool because it reminds our customers that they are more important to us than a few pennies.
That being said, I have no doubt that Square is working on this. They were forced to implement it in Canada a few years ago, so the infrastructure exists. They just have to implement it in the US which, unfortunately, has 50 states that each will no doubt have their own sales tax rules, etc. Ugh.
Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)
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