Things to Know About Layaway at Walmart
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Things to Know About Layaway at Walmart

Posted on Monday, November 9th, 2015 at 7:00 am
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Layaway can help you stretch your budget a little bit farther.  Here are some things to know about Walmart's layaway program.Layaway can be extremely convenient for people who are shopping for holiday gifts. It gives you the opportunity to put something on hold until your next paycheck arrives. It is important to understand the “fine print” involved with a particular store’s layaway program. Here are some key things to know about Walmart’s layaway.

Understanding Walmart’s Layaway Program

Walmart’s layaway program is rather simple, as compared to the layaway program of some other stores. The Walmart layaway program is offered starting on August 28 and ending on December 14. That means that you must make sure you pay off everything that you have sitting in layaway before December 14.

There is no opening fee associated with Walmart’s layaway. You can place items on hold in their layaway program without having to spend extra money on an initial layaway fee. You will, however, be required to make a downpayment at the time you use the layaway program. That down payment will either be $10, or it will be 10% of the total cost of the items you put on hold (whichever is greater).

There is a limitation on the types of items that you can put on layaway at Walmart. It is for products that come from the following sections of the store: electronics, auto electronics, furniture, toys, small appliances, and jewelry. Some select sporting goods are also able to be placed into layaway.

Walmart’s layaway is offered “in stores only”. This means that you cannot shop on the Walmart website and expect to be able to put the items you are interested in on layaway. Typically, layaway is only offered in stores, so this shouldn’t come as a surprise.

There are some rules to be aware of. The individual items that you put on layaway must be $10 or greater. That means you cannot put something on layaway that costs less than $10 on its own. Keep that in mind if you have selected items that are on sale. They might cost $10 regularly, but less than that during the sale.

Your total purchase must be $50 or greater. That means you can’t use Walmart’s layaway program unless the total amount of the products you want to put on hold equals at least $50. It is acceptable for that total to be more than $50, but it cannot be less than that.

You must pick up, and pay for, everything you have on layaway by December 14. Write down that date so you don’t forget it in the chaos that happens right before Christmas. Miss that date, and you will lose all of the items you were holding. That can be problematic if those items were intended to be gifts for your family.

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