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(Yahoo)   Walmart unveils a revolutionary new way to pay for online purchases, using specially printed slips of green paper, or as they call it, "cash"   (news.yahoo.com) divider line 111
    More: Interesting, Wal-Mart, brilliant  
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12682 clicks; posted to Main » on 28 Apr 2012 at 2:45 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-28 08:38:31 AM
As the article points out, why not just go to the store and buy it and skip the whole online process? If the store has it, go get it, and then pay for it.
 
2012-04-28 10:47:37 AM

ambassador_ahab: As the article points out, why not just go to the store and buy it and skip the whole online process? If the store has it, go get it, and then pay for it.


because there is a lot more available at Wal-mart.com than is available in their stores. Fer example, the cheapest wall mount for a flat screen TV they have in the store is $35 but you can get one for $9.99 at their online store
 
2012-04-28 12:10:46 PM
joeonthetube.files.wordpress.com
 
2012-04-28 01:17:10 PM
Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.
 
2012-04-28 01:37:43 PM

Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.


re-invent the original Sears&Roebuck business model for the 21st century? Not a half bad idea really. Wal-Mart's two great competitive advantages are the near-ubiquity of it's stores, particularly in rural America, and its extremely clever logistics system. Leveraging that to let people buy online and then get free shipping to a Wal-mart store would let them give Amazon a serious run for their money
 
2012-04-28 02:04:48 PM

ambassador_ahab: As the article points out, why not just go to the store and buy it and skip the whole online process? If the store has it, go get it, and then pay for it.


Can you buy everything from inside a store that you can buy online?
 
2012-04-28 02:19:45 PM
This idea apparently came from Wal-Mart's "Missing the Entire Point" department.
 
2012-04-28 02:31:55 PM

Grables'Daughter: This idea apparently came from Wal-Mart's "Missing the Entire Point" department.


Not really. This is actually pretty smart. You know your average shopper might buy online, but doesn't have the capability. So let them buy online and pay in the store. Either they would already buy it in the store already, or they wouldn't buy it at all.
 
2012-04-28 02:48:39 PM

Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.


They already do that too. In fact there's no shipping charge if you have it sent to a store.
 
2012-04-28 02:48:45 PM

Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.


I'm pretty sure they do this already.
 
2012-04-28 02:50:43 PM
really tapping the bottom of the barrel here.
 
2012-04-28 02:52:12 PM

GAT_00: Grables'Daughter: This idea apparently came from Wal-Mart's "Missing the Entire Point" department.

Not really. This is actually pretty smart. You know your average shopper might buy online, but doesn't have the capability. So let them buy online and pay in the store. Either they would already buy it in the store already, or they wouldn't buy it at all.


That, and when the customer goes to the store to pay for whatever they picked out online, they're likely to buy 27 other things they don't need while they're there.
 
2012-04-28 02:52:19 PM
"Buyers order merchandise online and take their order number to the store and pay with cash, then the order is shipped."

Wait. So I order it online, then drive to the store to pay for it, then drive back home and wait for them to ship it? I must be misunderstanding how this works because that's the dumbest thing I've ever heard.
 
2012-04-28 02:52:37 PM
It's called site-to-store, and most national store chains have it.

I needed an air filter for my car last week. I went to NAPA's web site, ordered online and paid in-store.

I've done this at Best Buy, Radio Shack, restaurants, et cetera.

Sure, I usually pay with a card, but I could just as easily hand them cash.

I don't know why this is even a story.
 
2012-04-28 02:53:55 PM

ArkPanda: Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.

They already do that too. In fact there's no shipping charge if you have it sent to a store.


hobnail: Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.

I'm pretty sure they do this already.


Huh. I didn't know that. Many thanks.
 
2012-04-28 02:55:20 PM
I don't know what this weird thing you guys keep referring to as cash. . . .I have a bit a plastic that I swipe or type numbers from it into things and it gets me pretty much anything I want. . .

/I rent and have to do laundry. . .
//You know how hard it is to gather 18 bucks worth or quarters?
 
2012-04-28 02:56:13 PM
This will never work in America. They've already been duped into handing over 3% of the transaction to Visa
 
2012-04-28 03:05:56 PM

theedgeofoblivious: It's called site-to-store, and most national store chains have it.

I needed an air filter for my car last week. I went to NAPA's web site, ordered online and paid in-store.

I've done this at Best Buy, Radio Shack, restaurants, et cetera.

Sure, I usually pay with a card, but I could just as easily hand them cash.

I don't know why this is even a story.


It's not site to store, they ship it to your house. It's like using Amazon.com but being able to pay at a local location if you don't have a credit card. And you can get a lot more items than in the store. It's actually quite smart. I bet it won't be long until Amazon has local payment options, They'll make a deal with someone.
 
2012-04-28 03:09:59 PM
Walmart may well have the largest single concentration of "unbankable" customers, i.e. people who can't open a bank account/get a credit card, etc. Offering additional online options for this significant market segment is a pretty good idea, really.
 
2012-04-28 03:10:20 PM

CruJones: It's not site to store, they ship it to your house.


Right, it's even more difficult than site-to-store, as I'm going to the store, giving them money and then waiting for my stuff to be delivered to my house.
 
2012-04-28 03:12:26 PM
How many packets of ephedrine can I have shipped from Wal Mart online? I've been...pretty sick and stuff.


*ah--choo...*
 
2012-04-28 03:13:13 PM

BSABSVR: CruJones: It's not site to store, they ship it to your house.

Right, it's even more difficult than site-to-store, as I'm going to the store, giving them money and then waiting for my stuff to be delivered to my house.


These are people used to going everywhere to pay in cash. The power company, phone company, cable, etc. so stopping by a Walmart (where you can sometimes also pay those other bills, btw) is not much extra hassle.
 
2012-04-28 03:15:36 PM
"most of its shoppers live payday to payday,"....because Wal-Mart has told (forced) every manufacturer that sells products there to move their factories to China, and has put every Mom and Pop store in the area out of business.

You shop at Wal-Mart because it is what you can afford, but it is what you can afford BECAUSE you shop at Wal-Mart.

Please please please people, if you have one patriotic bone in your body, do not ever ever shop at that awful place.
 
2012-04-28 03:16:05 PM
Just go get a f*cking debit/credit card America, you lazy arses. This is just stupid.
 
2012-04-28 03:18:55 PM
Wal-mart scrip?

I owe my soul to the company store...
 
2012-04-28 03:19:44 PM

CruJones: BSABSVR: CruJones: It's not site to store, they ship it to your house.

Right, it's even more difficult than site-to-store, as I'm going to the store, giving them money and then waiting for my stuff to be delivered to my house.

These are people used to going everywhere to pay in cash. The power company, phone company, cable, etc. so stopping by a Walmart (where you can sometimes also pay those other bills, btw) is not much extra hassle.


Not only that but they shop at Walmart on a regular basis so it's doubtful they will be going out of the way for anything.

/You may not like Walmart but there is no denying their constant creativity to get into every nook and cranny of your wallet.
 
2012-04-28 03:26:40 PM
More than likely this is aimed at the large segment of America that is paid cash,under the table,for their labor.
 
2012-04-28 03:27:42 PM

scottyvr6: Just go get a f*cking debit/credit card America, you lazy arses. This is just stupid.


do you realize there are a number of people that don't want their information online?
 
2012-04-28 03:30:54 PM

Fano: Wal-mart scrip?

I owe my soul to the company store...


Ernie said to tell you thanks for remembering. He's busy right now with a shovel. :)
 
2012-04-28 03:32:48 PM

Magorn: ambassador_ahab: As the article points out, why not just go to the store and buy it and skip the whole online process? If the store has it, go get it, and then pay for it.

because there is a lot more available at Wal-mart.com than is available in their stores. Fer example, the cheapest wall mount for a flat screen TV they have in the store is $35 but you can get one for $9.99 at their online store


Pretty sure I'm not going to trust a $9.99 Wal*Mart wall mount with my flatscreen.
 
2012-04-28 03:34:19 PM

Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.


Because many people will place orders then not have the money to pay when the order hits the store. Then the store's left with a bunch of one-offs and no shelf space. The kind of people who can't get a debit card to pay online are the kind of people who would have trouble holding onto $50 for 3 or 4 days until the item is delivered. Those people are already used to driving around to pay cash for everything (phone, water, electricity, cable, etc.) so one more stop on the bill run isn't a big deal. Heck, they may already be paying all of their bills at Walmart already through their Bill Pay system so it's not even an extra stop.

To be clear, this is not the "ship to store" option that they've had for a long time. This is for people who don't have a credit card or debit card which is necessary to pay for the item online. This lets people who lack the usual financial tools of our age have access to the full, expanded inventory of the website and eliminates the risk of having non-standard inventory piling up in stores.

As for the "Sears Model", I remember that from back in the day. I also remember that the local sears pickup office was filled with stuff that people had ordered but not picked up. It was like walking into a pawn shop.
 
2012-04-28 03:34:25 PM
I find it more interesting, at the Home Depot self checkout it gives you an option to pay with PayPal.
 
2012-04-28 03:37:54 PM
This is a great idea.
I sell and install satellite systems and you wouldn't believe how many people don't have credit cards. My company makes these people get prepaid accounts that make me no money for my work, so I have to bail on the sale.
It would surprise you how these folks all have internet and cell phones but can't make any of their other payments like rent and such, too.
 
2012-04-28 03:40:29 PM

CruJones: It's not site to store, they ship it to your house. It's like using Amazon.com but being able to pay at a local location if you don't have a credit card. And you can get a lot more items than in the store. It's actually quite smart. I bet it won't be long until Amazon has local payment options, They'll make a deal with someone.


So instead of receiving later, at the store, and paying when you receive, this is receiving later, but driving to the store and paying now anyway?

I'm sorry if I don't see the benefit.
 
2012-04-28 03:42:14 PM

theedgeofoblivious: CruJones: It's not site to store, they ship it to your house. It's like using Amazon.com but being able to pay at a local location if you don't have a credit card. And you can get a lot more items than in the store. It's actually quite smart. I bet it won't be long until Amazon has local payment options, They'll make a deal with someone.

So instead of receiving later, at the store, and paying when you receive, this is receiving later, but driving to the store and paying now anyway?

I'm sorry if I don't see the benefit.


Greater selection, possibly better prices on some things.
 
2012-04-28 03:43:46 PM
Buyers order merchandise online and take their order number to the store and pay with cash, then the order is shipped. Then they have to go back to the store later and pick up the order.

This is actually the least brilliant thing I can think of.
 
2012-04-28 03:43:58 PM
i50.tinypic.com
 
2012-04-28 03:46:35 PM

uber humper: I find it more interesting, at the Home Depot self checkout it gives you an option to pay with PayPal.


I tried it once, it then asked me for my home depot membership # or something. Apparently you have to actually goto customer service desk to setup a paypal link to your home depot account. What this is for is contractors who use paypal. Its becoming a popular way for contractors to bill their customers and get payments quickly.
 
2012-04-28 03:47:31 PM

DssDevl: This is a great idea.
I sell and install satellite systems and you wouldn't believe how many people don't have credit cards. My company makes these people get prepaid accounts that make me no money for my work, so I have to bail on the sale.
It would surprise you how these folks all have internet and cell phones but can't make any of their other payments like rent and such, too.


Buy prepaid credit cards and carry them with you then sell the card to the customer to use to set up the account. Western Union has a prepaid.
 
2012-04-28 03:50:25 PM

moothemagiccow: This is actually the least brilliant thing I can think of.


Let me guess, you have less than $20 in your wallet because you charge everything down to a pack of gum?
 
2012-04-28 03:52:40 PM

scottyvr6: Just go get a f*cking debit/credit card America, you lazy arses. This is just stupid.


As the articles vaguely alludes to your average wal-mart customer has such horrible credit that they cannot get credit cards or a bank account. When you think about it this is not such a bad idea; a lot of us probably take for granted the convenience of ordering something on amazon, for many people this is something out of reach for them unless they want to go with those horribly expensive prepaid debit cards or fee harvesting credit cards. This is actually a nice idea for some people and it's a no brainer for wal-mart since it opens up a new revenue stream with basically no risk to them.
 
2012-04-28 04:02:48 PM
have a order at walmart day and have everyone order $100,000 worth of goods with this cash system. maybe just maybe their system won't catch the red flag it in time and they automatically make a order for 123,456 riding lawn mowers to the manufacturer. sure the order gets cancelled but the manufacturer or supplier can sue for damages. or at least for 2 days walmart won't know what real orders and what fakes it will have. maybe i'm wrong but i think it would be a mess for walmart.
 
2012-04-28 04:04:38 PM
Their online selection is about quadruple their store selection. This isn't a bad idea.

But it's Wal Mart, and this is Fark, so bash away.
 
2012-04-28 04:06:31 PM
No bank account or credit but internet access? Sounds like they are catering to people who make poor choices.
 
2012-04-28 04:06:31 PM

scottyvr6: Just go get a f*cking debit/credit card America, you lazy arses. This is just stupid.


You sound like the kind of person that I have to wait in line behind at a gas station for a debit card transaction on a 75 cent fountain soda.
 
2012-04-28 04:08:07 PM

MindStalker: uber humper: I find it more interesting, at the Home Depot self checkout it gives you an option to pay with PayPal.

I tried it once, it then asked me for my home depot membership # or something. Apparently you have to actually goto customer service desk to setup a paypal link to your home depot account. What this is for is contractors who use paypal. Its becoming a popular way for contractors to bill their customers and get payments quickly.


Square is pretty cool, too. Customer swipes his card on contractor's phone/tablet, contractor gets paid the next day. With typical merchant accounts it takes 3-5 days for money to be deposited.
 
2012-04-28 04:08:55 PM

CruJones: BSABSVR: CruJones: It's not site to store, they ship it to your house.

Right, it's even more difficult than site-to-store, as I'm going to the store, giving them money and then waiting for my stuff to be delivered to my house.

These are people used to going everywhere to pay in cash. The power company, phone company, cable, etc. so stopping by a Walmart (where you can sometimes also pay those other bills, btw) is not much extra hassle.


Yes, but these people are used to doing all these things really poorly, if TFA is to be believed. Adding additional steps to the transaction doesn't seem like something that will end well for the customer. From WalMart's point of view, it's a no-brainer. They'll probably get to double sell 20% of that inventory based on people who no show for their purchases.
 
2012-04-28 04:08:58 PM

uber humper: DssDevl: This is a great idea.
I sell and install satellite systems and you wouldn't believe how many people don't have credit cards. My company makes these people get prepaid accounts that make me no money for my work, so I have to bail on the sale.
It would surprise you how these folks all have internet and cell phones but can't make any of their other payments like rent and such, too.

Buy prepaid credit cards and carry them with you then sell the card to the customer to use to set up the account. Western Union has a prepaid.


Guess where you can find a Western Union....
 
2012-04-28 04:10:02 PM

Magorn: Snarcoleptic_Hoosier: Why not allow customers the chance to look online and allow a shipment to the store nearest them for easy pickup? An automated database could do the same damn thing.

re-invent the original Sears&Roebuck business model for the 21st century? Not a half bad idea really. Wal-Mart's two great competitive advantages are the near-ubiquity of it's stores, particularly in rural America, and its extremely clever logistics system. Leveraging that to let people buy online and then get free shipping to a Wal-mart store would let them give Amazon a serious run for their money


Sears Manager here:

We've had a pay in store option on Sears.com purchases for over 2 years now.

Lots of our customers use this option. From the folks who only want to pay cash to the folks who don't want to put a credit card number into their browsers. It also works out for when the customer is already in the store and they are browsing Sears.com at one of our kiosks, they can create the order and pay at a register faster then it takes to type in all the payment info in most cases. In fact our registers have the ability to create a Sears.com order on a large portion of our merchandise without even using the kiosks. We also offer Free shipping on deliverable merchandise under 50 lbs. when the order is completed by an associate at a in store kiosk or at the register.

This lets us offer a full assortment of merchandise from every location.

I particularly like using it when we have run out of stock on a popular sale item in the store. The customer can order it right then and get it delivered for free, rather than us having to write out a rain-check and making the customer come back another day when we might have it in stock again.
 
2012-04-28 04:10:13 PM

sandi_fish: No bank account or credit but internet access? Sounds like they are catering to people who make poor choices.


I think that's in Fark's mission statement, too.
 
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