(FinancialHealth.net) – Move over, Jeff Bezos! There’s a new delivery service on the block. Walmart+ officially debuted on August 31, and it has Amazon Prime in its sights.
The new membership service will cost customers $98 annually, or they can pay $12.95 per month. It’s going to absorb Walmart’s current Delivery Unlimited service, and anyone who’s a customer already will be moved over automatically. Unlike with Amazon Plus, members will have to spend at least $35 before receiving free delivery. However, they’ll be able to earn up to 5 cents per gallon in fuel perks at participating gas stations.
Our new membership program that brings together in-store PLUS online benefits like only Walmart can.
— Walmart Inc. (@WalmartInc) September 1, 2020
Walmart is contracting the delivery services out to other companies like DoorDash and Point Pickup. This means there will be more opportunities for those companies’ workers to make more money.
This could be a game-changer. Currently, Amazon Plus holds a pretty big monopoly on the delivery service market. But Walmart has been expanding its business for decades and has a lot of the infrastructure in place that it would really take to compete against Bezos’ company. It’ll be interesting to see who wins when these retail giants duke it out.
~Here’s to Your Financial Health!
Copyright 2020, FinancialHealth.net