TheConversationUS on Nostr: Target is the latest retailer to stop accepting checks and they say it’s because ...
Target is the latest retailer to stop accepting checks and they say it’s because not many customers use them.
While that’s certainly true, perhaps another motivation is rooted in the growth of check fraud.
And since retailers often raise prices when check fraud happens to cover the losses, curbing check fraud lowers prices and is in the interest of every honest consumer.
https://theconversation.com/target-just-became-the-latest-us-retailer-to-stop-accepting-payment-by-checks-why-have-so-many-stores-given-up-on-them-234616
While that’s certainly true, perhaps another motivation is rooted in the growth of check fraud.
And since retailers often raise prices when check fraud happens to cover the losses, curbing check fraud lowers prices and is in the interest of every honest consumer.
https://theconversation.com/target-just-became-the-latest-us-retailer-to-stop-accepting-payment-by-checks-why-have-so-many-stores-given-up-on-them-234616