BENTONVILLE, Ark.-Walmart has launched a “Pay with Cash” offering for purchases on walmart.com.
The new service enables shoppers to order merchandise online and pay for their purchases with cash at all Walmart Stores and Neighborhood Markets in the United States. Walmart said in a statement that it is the first major retailer to offer online purchases without the need for banking services or a credit, debit or prepaid card.
Shoppers on walmart.com select an item, place the order, choose the cash option and their shipping preference during checkout, and receive an order number on the order confirmation page and an email receipt with their order number. They have 48 hours to take the printed order form to a cash register at any Walmart store or Neighborhood Market. Once the payment is received by the store, shipping then occurs either to the store via the Site to Store option, or to the shoppers’ preferred address.
Walmart said the new option is geared toward households that don’t have a bank account or credit card or have limited banking options, and that often rely on cash as a form of payment for purchases. Many of these households are online; Walmart cited statistics from the Federal Deposit Insurance Corp., which said 81 percent of unbanked households and 63 percent of underbanked households have Internet access.