By Christina Cheddar Berk, News Editor NEW YORK ( CNBC) -- For consumers who want to shop online, but either don't have access to a credit card or don't want to use one online due to security concerns, Wal-Mart ( WMT) has a new option. Wal-Mart will offer its online shoppers a "pay with cash" option. Shoppers select their items at Walmart.com and then select the cash option at checkout. Then, the customer must bring an email receipt with their order number to a Wal-Mart store within 48 hours and pay with cash. After payment is received, the customer can either receive their items shipped to the store or to their preferred address. The program plays to Wal-Mart's key customer, a low-income consumer who may have little access to credit cards and banking options. According to Wal-Mart, the bulk of its customers use cash or a cash equivalent such as a debit card to make purchases. Only about 15% of all transactions are paid with credit, the company said.
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