Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Cash is the new cash

Subscribe to our Newsletters

Walmart.com just announced a new program that lets you pay for your online order with cold, hard cash. Samolians. Bread. Greenbacks. Lettuce. Scrilla. Scratch. In other words: U.S. dollars. Please, no drumroll for the program’s name: “Pay With Cash.” Not too catchy, but effective. The program will let you buy an item online and gives you 48 hours to make your way into a physical store to pay for it.

All Things D spoke to Joel Anderson, CEO of Walmart.com: “The fact that only 15 percent of our transactions are done in the form of credit at our stores means there’s a large percentage of Wal-Mart customers who are dependent on cash to transact online. We definitely think it is a big opportunity.” A-ha!
Once an item has been paid for, it’s shipped out, which, Anderson claims, will save you money, if you’re buying something as a gift. Hard to follow the logic there, however, since you’re still paying for shipping.

What's Next

Latest Episodes From Our Shows

Listen
5:26 PM PDT
20:18
Listen
3:53 PM PDT
27:13
Listen
1:54 PM PDT
1:50
Listen
Aug 11, 2022
9:08
Listen
Aug 11, 2022
5:22
Listen
Jul 7, 2022
30:13
Listen
Aug 9, 2022
24:46
Exit mobile version