I am not the greatest at paperwork.
Mrs. Cuchulain does that for me.
So this time I paid by bank transfer. Of course it came with a bank charge, £5. Not great, but not the end of the world, and if my accountant is happy then so am I.
What a rip-off! In the EU there are no bank charges. it's cheaper.
This will cost their company PayPal fees. And they’ll be a lot more than one cent.
Are you buying or selling? see the PayPal toggle box.
Please read this, Paul: maybe round up to 5 cents
The one- and two-cent coins were initially introduced to ensure that the transition to the euro was not used as an excuse by retailers to heavily round up prices. However, due to the cost of maintaining a circulation of low-value coins by business and the mints, Belgium
and the Netherlands
round prices to the nearest five cents (Swedish rounding
) if paying by cash, while producing only a handful of those coins for collectors, rather than general circulation.
Despite this, the coins are still legal tender and produced outside these states, so if customers with one-cent coins minted elsewhere wish to pay with them, they may.
The Nederlandse Bank
calculated it would save $36 million a year by not using the smaller coins. Other countries such as Germany favoured retaining the coins due to retailers' desire for €1.99 prices, which appear more attractive to the consumer than €2.00 (psychological pricing
According to a Eurobarometer
survey of EU citizens, 64% across the Eurozone want their removal with prices rounded; with over 70% in Belgium, Ireland, Italy, the Netherlands and Slovakia. Only Portugal and Latvia had a plurality in favour of retaining the coins (49% against removal, 45–46% in favour).