The Post Penny Economy: How Cash Rounding and Credit Card Surcharges Are Changing What You Pay The end of penny production in November marked a turning point in our economy's subtle but significant shift towards cashless transactions.
States have begun to pass laws governing cash rounding, while Congress weighs in with its own legislation. This has left consumers facing an increasingly convoluted landscape at checkout counters.
Cash use has been on the decline for years, and credit card transactions have taken up the slack.