Does the Honor System Actually Work?

Does the Honor System Actually Work?
The Vault, a small coffee shop 45 minutes from Fargo, North Dakota, generated some international buzz this week around their honor system policy.
by Square Aug 28, 2014 — 1 min read
Does the Honor System Actually Work?

The Vault, a small coffee shop 45 minutes from Fargo, North Dakota, generated some international buzz this week around their honor system policy. While the shop lists the prices for its coffee and bakery items, it lets customers decide what they want to pay. In-store signage says “no change is necessary” and instructs people to either round up or down.

Interestingly, owner David Brekke finds that his customers pay around 15 percent more than the listed price. But for him, it’s more about the community than the money. “I think that people who haven’t grown up in a small, tight-knit community like this are very surprised by honesty,” he tells the Associated Press.

What do you think about the honor system? Would you ever try it at your shop? Sound off on our Twitter and Facebook pages.

Square
The Bottom Line is brought to you by a global team of collaborators who believe that anyone should be able to participate and thrive in the economy.

Related

Keep Reading

Tell us a little more about yourself to gain access to the resource.

i Enter your first name.
i Enter your last name.
i Enter a valid phone number.
i Enter your company name.
i Select estimated annual revenue.
i This field is required.
✓

Thank you!
Check your email for your resource.

x
Results for

Based on your region, we recommend viewing our website in:

Continue to ->