OKLAHOMA CITY, Okla. — WinCo announced that it will no longer accept credit cards at its Oklahoma City, Midwest City and Moore locations as of Aug. 1.
Company officials posted to social media that they have decided to not accept credit cards because of inflation.
“At WinCo, our goal is to offer the same quality products other stores offer, but at overall combined lower prices,” WinCo officials wrote. “There are many different strategies and features that help us accomplish this; and eliminating credit card fees is one of them. At this point, the rates we pay on every credit card transaction are drastically higher than the rates for debit cards, and while other stores simply pass this cost to their customers via higher prices throughout their stores (or additional fees), with rising costs of inflation it has become extremely difficult to absorb that added expense while staying true to our mission of being the area’s supermarket low price leader.”
Customers will still be able to use cash, debit cards, checks, EBT, WIC and WinCo gift cards.
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