00:00 Costco is cracking down on card sharing.
00:02 Some locations are implementing face scanners at the entrance of stores.
00:06 If you don't match the picture that pops up when your card is scanned, you could get turned away.
00:10 In a statement last June, Costco said we don't feel it's right that non-members receive the
00:15 same benefits and pricing as our members. Costco is able to keep our prices as low as
00:20 possible because our member fees help offset our operational expenses.
00:23 Costco charges a $60 annual membership fee to shop at its stores.
00:27 That price has been the same since 2017,
00:30 and many people have wondered when the company will increase it.
00:32 Although nothing has changed yet, last March,
00:35 CFO Richard Galanti told investors it's a question of when, not if.
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