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 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.