Get All Access for $5/mo

Target Will Stop Accepting This Classic Payment Method Next Week The once popular way to pay will not be accepted after July 15.

By Emily Rella Edited by Melissa Malamut

Key Takeaways

  • Target confirmed that it would stop accepting personal checks as a payment method after July 15.
  • A spokesperson for the company said that it was due to "low volumes" of checks received by the retailer.

Opinions expressed by Entrepreneur contributors are their own.

As mobile pay and order ahead methods become mainstream, one major retailer is nixing an old-school form of payment.

Starting July 15, Target will no longer accept personal checks as a form of payment in-store.

Related: Target, Shopify Sellers Team Up to Create Amazon Alternative

A spokesperson for the company told NBC Chicago that the decision was made based on "extremely low volumes" of personal checks being used and added that customers have been notified of the incoming change through "several measures."

Target accepts cash, credit cards, debit cards, digital pay including Apple Pay, buy-now-pay-later services, and the store's Target Circle Cards.

The chain also announced on Monday that it is extending two one-time offers: 20% for college students and 20% for educators.

Target did not immediately respond to Entrepreneur's request for comment.

The retailer had a tough Q1 2024 after reporting $24.53 billion in revenue, down 3% from the same period last year. It was the first time the company missed analysts' earnings expectations since November 2022.

Related: Target Sued for Allegedly Collecting Data Without Consent

"Looking ahead, our team will deliver for our guests through lower prices, a seasonally relevant assortment, ease and convenience, as we keep investing in our strategy and efficiency initiatives to get back to growth and deliver on our longer-term financial goals," CEO Brian Cornell said in a release at the time.

Target was up over 12.5% year over year as of Monday afternoon.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Leadership

3 Ways Your Parenting Skills Can Improve Your Leadership Skills

Parenting and management offer valuable lessons in identifying talent, nurturing potential and fostering growth through encouragement and guidance.

Operations & Logistics

The Holidays Mean Vacation Time — But Disaster Can Still Strike. Is Your Crisis Plan Ready?

Holidays mean different working hours for companies and different schedules for employees that take off. Before you and your team enjoy some much deserved time off, it is important to put a crisis management plan in place so your business is ready to tackle any issue that crops up.

Business News

'You Own Nothing Here on Social': Meta Outage, Looming TikTok Ban Has Creators Questioning How Much of Their Business They Really Control

With repeated tech outages and a possible TikTok ban on the horizon, creators are looking for new ways to influence. Turns out, one old-school way still reigns supreme.