The holidays are undoubtedly the most exciting times of the year to go shopping. However, it’s also the most expensive with the average U.S. resident spending about $1000 during holidays. Hence, most low-income individuals and households now opt for layaway plans as a convenient way of getting those expensive items and gifts they want. Given that Walmart is one of the biggest retailers in the country, many people are curious as to whether they provide their consumers with this plan. If they do, how does it work? How can one get started? Anyways, we’ve got all the answers you need on this page, so tag along. let’s get to know about Walmart Layaway.
Walmart Layaway brings you a more convenient way to make payments for your holiday shopping. With the plan, one can make payments bit by bit over time till the purchased item is paid off. Additionally, you may do it without a credit card and you won’t be charged interest on your transactions. Great, right? Well, we’ve got more interesting information on this program.
How To Get Started On The Layaway Plan?
Getting started on your Layaway plan is easy. Just carry your items to a designated Layaway counter in their stores, and the plan will be initiated for you. You only need to pay a little down payment of $10 or 10% of the cost of the things you wish to purchase; there is no opening fee required. Here are other basics you should be aware of about the Layaway services.
Walmart Layaway Basics
Other basics you should know about the plan include:
• Individual items must be worth over $10.
• Total purchase must be $50 or more.
• You can also sign up for an email or text to remind you about payments.
When you’re done, any register in the Walmart store where you purchased the items will let you make payments on your Layaway at any time.
When Is Walmart Layaway Open?
The Walmart Layaway is open from August 28 to Dec 14. Consequently, all payments must be made in full before the last day of the Layaway at the store where the Layaway plan was initiated. Failure to do this will lead to a cancellation of the account.
If your account does get cancer, here’s what will happen below.
Walmart Layaway Account Cancellation Policy
If your account does get canceled, it’ll incur a $10 cancellation fee, and the items unpaid for and not picked up will be returned to Walmart’s inventory. All remaining fees from the down-payment after the $10 cancellation fee is paid will be refunded back to you.
However, Ohio, Maryland, Rhode Island, and Washington, DC are exempt from the cancellation cost. And it cannot exceed $25 in Alabama and $50 in North Carolina. Therefore, before placing an item on Layaway, make sure to read the fine print.
Items That Are Eligible For Walmart Layaway Plan
Not all items can be put on a Layaway. The items you can put on it include:
• Electronics (except those with service plans)
• Toys
• Small Appliances
• Large Furniture
• Auto Electronics
• Sporting Goods (select items)
• Jewelry
• Infant Toys and Furniture.
For more details on their Holiday plans, visit your local Walmart store.
Can I Modify My Walmart Layaway Order?
Yes, one can make changes to one’s order by adding or removing items from the Layaway orders. However, if the added item causes a drop in the current down-payment deposit of the total order from 10%, the difference must be paid till it’s back to 10%.
Also, if an item is removed from the order, one must ensure that the order total must remain above $50. The canceled items’ refund will be added automatically to one’s Layaway payments.
Walmart Layaway Return Policy
The program’s return policy is the same as the return policy for regular Walmart purchases.
Limitations To The Layaway Plan
Unfortunately, there are certain restrictions and downsides to the Layaway plan.
• Online purchases are not covered in this offer; it is only valid for in-store purchases.
•Only individuals who are at least 18 years old may access this. In essence, persons below 18 years cannot open, modify or receive funds from a Layaway account and cannot pick up items.
• Not available on Thanksgiving.
• All Wireless phones are excluded.
How To Get The Best Deals With Walmart Layaway Plan?
The plan happens once a year, so getting ready on August 28 to capitalize on deals and finish one’s holiday shopping even before summer is officially over can be fulfilling. You can master Layaway discounts if you keep an eye out for rollbacks and clearance items on Walmart’s Savings Center all season.
Conclusion
Walmart Layaway is a great way to get expensive goods without becoming burdened. Getting started is easy, all that’s needed is a small down payment. No opening fee is required but there are certain restrictions one must be aware of such as what items you can put on the Layaway plan and so on.
Anyways, if you’d like to get started, use the above information to make it as stress-free for you as possible.
FAQs
- When Does Walmart Layaway Start Online?
Layaway is available for in-store purchases only. Online purchases are not allowed.
- Does Target Have Layaway?
Target does not have layaway plans. However, it does accept the ‘buy now, pay later option.
