Tuesday, March 28, 2023

The Impact of Credit Cards and Inflation on Tipping

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Keep the change! These two words – accompanied by a smile – turn a lower bill into a higher one, without anyone complaining about the incorrect result of the addition. Because rounding up is known as a tip in a number of industries and countries. However, this mathematics of friendliness and contentment is heard less and less.

There are currently two reasons for this: on the one hand, since the corona pandemic, significantly more people have been paying with a debit or credit card – you have to actively initiate a tip and cannot elegantly answer “That’s right!” as with cash payments. waive the change; on the other hand, inflation means that many are cash-strapped and do not want to pay more than the bill.

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