Target just became the latest US retailer to stop accepting payment by checks. Why have so many stores given up on them?
- Written by Jay L. Zagorsky, Associate Professor of Markets, Public Policy and Law, Boston University
Can you still use a check to make purchases? In increasing numbers of stores across the U.S., the answer is “no.” The large retailer Target stopped accepting checks on July 15, 2024. It follows decisions a decade earlier by supermarket chains Whole Foods and Aldi to no longer accept this form of payment.
Target said it was phasing out...
