Soon, shoppers will not be able to cut a check to pay for the contents of their Target shopping baskets.
The Minneapolis retailer said it will stop accepting personal checks in stores later this month, with the payment method dwindling in popularity through the years as more people use credit and debit cards as well as a growing segment of digital-exchange platforms.
“Target is committed to creating an easy and convenient checkout experience, and that includes providing our guests with numerous ways to pay, including our new Target Circle Cards ; cash; digital wallets; SNAP/EBT; buy now, pay later services; and credit and debit cards,” said Target company spokesman Brian Harper-Tibaldo in an email. “Due to extremely low volumes, we’ll no longer accept personal checks staring July 15.
According to the Federal Reserve’s most recent payment choice report, out of the average 46 monthly payments consumers made in 2023, one a month was by check. Back in 2016, consumers averaged three checks out of 45 payments per month.
Only 1% of consumers prefer to use checks when making in-store purchases like at retail stores or restaurants, according to a 2023 North America payment insights study by Javelin Strategy & Research. “Certainly at the point of sale, it creates friction and can slow down the checkout process for other customers because it requires more manual entry,” said Tavilla, who could recall the holdups checks caused her when she was working as a cashier for a retailer 20 years ago in college.Dear Abby: Should I tell my husband who the man in the motorcycle club is?Dear Abby: Where I live, a $300 wedding gift is expected.
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