Went to Kroger service desk recently to cash a $100 money order issued by them. They no longer cash them. Guy told me they stopped around Jan. Not exactly sure what thats leading to but its part of the Financial screw over of the useless eaters for sure. You cannot even purchase their groceries with their own issued money order. I tried. Not sure if its company wide but something to make note of. Maybe a going cashless (CBDC) move.
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They started charging a fee for cash back at the registers too.
yes, i noticed that too
This probably increases the lifespan of the virtual float money
very good point
I work for a company who has been doing this for over 5+ years. The reason behind it is because scammers have figured out how to cash it like an echeck and no markings so when they would bring them back to the place it would be seen as a valid money order and then when the business goes to redeposit the money back into the account the money didn't exist.
The Kroger stores around me have installed turnstiles at the entrances. They have also added something to the shopping carts that makes the wheels lock up if you go out of the store without paying? I saw it and called my dad and told him they are preparing for when food is scarce and people start going crazy trying to steal
Tote bags or Ikea bags would handle that no problem
They want you to deposit it in your bank account
Vegas Kroger are nice. Florida is where I live now and use Publix. So far I like them
They probably don't want to have to deal with cash anymore. There is a cost to handling cash: transportation to/from the bank, theft, cashier mistakes, misplacement, counterfeits, etc. In that regard, going cashless has some advantages to a business. But does the transaction costs of cashless outweigh the costs of handling cash? 🤷♂️
They pass the transaction costs to their customers, like most retailers these days.
Cash is easier to steal.