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Target will soon stop accepting a once-common form of payment in the U.S. as many who still use personal checks, or have family members who do, prepare.
The return policy posted at a Target store. In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange.
Target will stop accepting personal checks from customers starting July 15, the latest retailer to stop taking the increasingly rare form of payment and to try to make checkout less cumbersome for ...
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Check usage — which in the 1980s and '90s had been a dominant form of payment for everyday activities from paying rent to sending a gift — has fallen considerably in recent years.
Total credit card and debit card payments grew at annual rate of nearly 9% during the same period and accounted for 75.3% of core non-cash payments in 2018, the study said. Debit cards, both prepaid and non-prepaid, were used almost twice as often as credit cards in 2018, but the value of credit card payments exceeded the value of debit card ...
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Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex.