Popular Form of Payment
Many people turn to Target as a great way to shop, as they have many different item options. From clothes, to toys, to technology, to food and more, Target is a great outlet for many families to get what they need.
Additionally, Target also takes several different payment options, as that opens up many options for families when it comes to paying for what they are going to take home. One of these is a very popular form of payment, which is utilizing personal checks to pay for items. This can certainly be disastrous news for certain families.
Why Is Target Doing This?
As per statistical analysis, representatives from Target have noticed a sharp dip in personal checks as the years have progressed. “The use of personal checks has dipped in recent years. Consumer use of personal checks declined to just 3% of payments made in 2023, down from 4% in 2021 and 2022, and 7% in 2020, according to Federal Reserve Financial Services,” according to USA Today.
Therefore, as technology has constantly been evolving, many people have begun to use technology for a faster, and more efficient checkout experience. Therefore, the use of personal checks, as a result, have sharply decreased, as there are less and less people relying on checks to pay for their items.
The Future of Target After This Ruling
Many are not surprised that they are doing something of this nature, as they are trying to keep up with the changing times. Additionally, many are angered by this move, as there are still many that are using personal checks to pay for their items. However, Target has made sure to highlight the many different ways that customers can pay for their items. Whether it be the Target RedCard, EBT cards, pay later services, debit or credit cards or cash, Target still has many options for customers to easily pay for their items at checkout.
Written by David Loran Jr
Sources:
USA Today: Target stores will no longer accept personal checks for payments starting July 15
Scripps News: Once-popular form of payment becomes a thing of the past as Target to stop accepting it
Featured Image Courtesy of Mike Mozart’s Flickr Page – Creative Commons License
Inset Image Courtesy of Daniel Foster’s Flickr Page – Creative Commons License