Fact check: Walmart is not banning cash from its stores, despite national coin shortage (2024)

FAQs

Fact check: Walmart is not banning cash from its stores, despite national coin shortage? ›

Based on our research, the claim is FALSE. Walmart has not stopped people from using cash at its stores. Walmart is converting some of its self-checkout registers to card only, but the stores still accept cash payment.

I understand that there were rumors that they were going to stop accepting those but it was just a rumor. Walmart will always accept cash.

Simpler Equipment. If a business doesn't take cash, it doesn't need a bulky cash register with separate slots for bills and coins. Machines that only process credit cards are smaller, sleeker, and less expensive. Less Expense.

In the year-ago quarter, the company posted a $1.8 billion loss due to a costly lawsuit settlement for the company.

Criticisms include charges of racial and gender discrimination, foreign product sourcing, anticompetitive practices, treatment of product suppliers, environmental practices, the use of public subsidies, and its surveillance of its employees.

There are no current plans for self-checkout removals nationwide.” Costco has also changed up its self-checkout areas. Now there is an extra worker to make sure shoppers' IDs match their membership card.

Is Walmart getting rid of self-checkout? Not exactly. The company has not issued a corporate-wide directive on self-checkout but lets store managers experiment with what works at their location, Walmart spokesperson Joe Pennington told Business Insider.

The Drawbacks of a Cashless Society

Without cash, we would be forced to leave a record of everything we buy. While this may not bother some, there are many who worry that governments and/or corporations could use our purchasing histories as a way to track us, monitor us, and even intimidate us.

When people are handling less cash, bank robberies, burglaries and corruption drop. Because cash is essentially untraceable, it's a useful tool for criminals, where digital currency is less easy to exploit, and can be shut down quickly if it falls into the wrong hands.

But while moving to a cashless society has several benefits that will accelerate its adoption, and there are legitimate concerns over the role cash will have to play as its use dwindles, there's no sign that cash is going to disappear completely.

Is Walmart in trouble financially? ›

Key Points. Walmart has some $3.5 billion in debt that is due in the coming year. Profits have grown, helped by a successful expansion into e-commerce. The retailer's business model is generally considered recession-proof.

No, Walmart is not charging a fee for self-checkout.

Rich people are going to Walmart more—and they're a key reason for the company's recent success. CEO Doug McMillon told analysts Thursday that Walmart sales are buoyed by higher-income customers. Pinching pennies isn't just for cash-strapped shoppers.

Lowe's Companies, Inc. and Walmart Inc. are separate companies and are not owned by the same parent company. While both are prominent retail chains in the United States, they operate independently and have different ownership structures and management teams.

Walmart, the FTC claimed, pocketed millions in fees while “letting fraudsters fleece its customers.” Summarizing the FTC's evidence, a federal judge in the case wrote that “Walmart knew that its services were used by fraudsters” and that the company was repeatedly warned about certain stores where “twenty-five, fifty, ...

Walmart employees complain of their inability to be hired full-time, a lack of medical benefits, and inconsistent scheduling that makes their lives difficult. Most of the $2.7 billion turnaround program was implemented, but employee hours have been cut, resulting in lower net pay than before.

No, Walmart is not charging a fee for self-checkout.

Select your payment method.

All self-checkout registers accept cash, but they also accept Walmart gift cards, most major credit cards, debit cards, and EBT cards. If using a check, go through a regular checkout lane, since there is no option for check payment at the self-checkout.

You can receive cash back at Walmart registers and self-checkout stations up to three times per day. While there may be varying limits based on your payment method, you can generally choose to receive between $20 and $100 in $20 increments. Therefore, you can choose to get $20, $40, $60, $80 or $100.

If the customer has a receipt showing a purchase was made without WIC or SNAP, items may be returned for cash refund/credit or Walmart gift card. If the customer does not have a receipt showing a purchase was made with WIC or SNAP, eligible items may be exchanged for the same item.