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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 9
    More: Interesting, Wal-Mart, brilliant  
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12684 clicks; posted to Main » on 28 Apr 2012 at 2:45 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-28 02:52:12 PM
2 votes:

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 01:37:43 PM
2 votes:

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 03:47:31 PM
1 votes:

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 03:37:54 PM
1 votes:
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 03:34:19 PM
1 votes:

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 03:26:40 PM
1 votes:
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 03:15:36 PM
1 votes:
"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 02:52:37 PM
1 votes:
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 02:31:55 PM
1 votes:

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.
 
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