FAQ
What Does the End of Penny Production Mean for My Winery or Beverage Business?
We wanted to let you know we are aware of the recent decision to end production of the U.S. penny. According to the Federal Reserve Bank of Richmond, pennies will remain legal tender for the foreseeable future, but no new coins will be minted once current supplies are exhausted, which is unlikely to affect most businesses for several years.
At this time, we do not anticipate needing any technical changes to our systems.
That said, many businesses are already preparing for the transition by adopting practical measures such as:
- Keeping a small supply of pennies on hand for cash transactions,
- Rounding cash prices to the nearest five cents at point-of-sale, or
- Encouraging customers to use digital or card payments.
FAQ: What Does the End of Penny Production Mean for My Winery or Beverage Business?
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The U.S. is stopping production of pennies. Will this affect my OrderPort system?
No. Pennies will remain legal tender for years, and existing supply levels mean most businesses won’t experience immediate impact. OrderPort does not require any technical changes at this time.
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How should we handle cash transactions that involve pennies?
Many businesses are choosing simple operational adjustments, such as:
- Keeping a small supply of pennies on hand,
- Rounding cash totals to the nearest five cents, or
- Encouraging customers to pay with cards or digital payments.
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Will OrderPort update its POS or payment tools in the future?
We are actively monitoring guidance from the Federal Reserve. If industry-wide practices shift significantly, we’ll provide recommendations and updates well in advance.
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Do I need to make any changes right now?
No changes are required at this time. Your operations can continue as normal.
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