New Velocity Limits At Walmart Affecting Serve, Money Orders, Bill Pay etc.
A couple of weeks ago I alerted you to the fact that there were issues at Walmart with money orders. We saw multiple reports of Visa gift cards being declined when swiping for a money order. Most of the time people were able to get it to work after trying a different location or swiping the card multiple times. Over the weekend a few reports of new issues rolled in and a couple of readers reached out to me via email as well. It appears there is now a new velocity limit at Walmart and everything above that limit will be auto declined. This is for money orders, Serve, Walmart bill pay, Go Bank loads etc. This seems to be just for Metabank issued cards for the time being.
The reports I have seen all say that any swipe over $400 will be auto declined. This is bad news for anyone that has $1,000 Simon Mall Visa gift cards. If you are dealing with mostly $200 office store gift cards you should still be good, business as usual.
The one way to work around the new limits is to break up the $1000 card into 2 $400 swipes and 1 $200 swipe. This can be a pain but it will get the job done.
If you have a $500 card from a grocery store or drugstore etc. then it would would probably be best (easiest) to break it into $250 swipes etc.
This is a real problem for people that have locations that don’t allow you to split tender or do multiple swipes. That is where the $1,000 gift cards were really handy and are now somewhat useless.
This is another nail in the coffin so to speak but at least Walmart isn’t completely dead (yet). There should still be a few work arounds for you but it does seem to be affecting most everything you can do at Walmart.
Did you run into the new velocity limits at Walmart on your normal runs this weekend? Will it change how you earn points going forward? Will you limit your gift card purchases etc.? Let us know in the comments your thoughts.