FinTech: Walmart Introduces “Walmart Business” For Small And Medium Businesses

January 23, 2023 | FinTech, News
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The service will help save business and nonprofit customers time, money and hassle.

Walmart (NYSE: WMT) has announced the launch of Walmart Business, an eCommerce site and customer experience designed specifically for small and medium businesses (SMBs) and nonprofits. The company has been working with SMBs and nonprofits to develop solutions that will help them run smoother, stay in control and in stock, and create efficiencies to operate and grow.

Walmart Business offers:

  • A curated assortment of more than 100,000 items
  • Categorization and navigation tailored to busy organizational shoppers
  • Simplified restocking by grouping various items together in a way that makes sense to organizations
  • Multi-user accounts, giving organizations the ability to add up to five users to a single account
  • Customers can also share payment information, order history and purchasing power across teams.
  • Qualified organizations can enroll in the Walmart Tax-Exemption Program (WTEP), allowing automatic removal of eligible taxes during checkout.

Organizations that upgrade to a Walmart Business+ membership, at a price of $98/year, plus tax, have access to additional benefits such as free shipping with no minimums, free pickup and delivery from store with a $35 minimum order, two percent rewards on orders of $250 or more, and savings of 5% on eligible items set to subscription.

Walmart Business is built to leverage the very best of Walmart – its unmatched operating scale, proximity within 10 miles of 90% of the U.S. population, and the best of its eCommerce, fulfillment and delivery technologies.

Walmart said in a statement that the new eCommerce site will alleviate the pressures faced by SMBs “due to inflation and supply chain issues, adapting to a hybrid workforce and post-pandemic behavioral shifts.”

Related Story:  Walmart To Foray Into Banking Via Fintech Startup One

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