FlyerTalk Forums - View Single Post - Buying Money Orders at Walmart (2018)
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Old Apr 17, 2018, 12:58 am
  #647  
Klemhuzzah
 
Join Date: Dec 2017
Posts: 463
Originally Posted by Prometheus77
In my opinion it's more related to split tender VGC usage for MOs. Merchants get charged per swipe, not per purchase. That being the case, your average $999.12 MO at WM purchased via two $500 VGC swipes cost them around $.52 a swipe totaling up to about $1.04 per MO purchase that they are charging $.88 for. That's a $.16 loss per transaction not counting whatever time value you place on the WM employee performing the transaction. Not a lot of money, but it all adds up and companies are not in business to lose money if they can help it. I feel like this was the issue that the PO had with VGCs and MCGCs for MOs as well, though I admit it is just speculation on my part.
If this is the case, I wish WM would just change to charging per swipe instead of per MO.
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