• The Washington Post reports that "after seeing high customer demand for layaway during last year’s winter holiday season, Wal-Mart is expanding the interest-free pay-over-time program for Christmas.
"The new program will last a month longer than last year’s and will include more items than the toys and electronics featured last year."
According to the story, "Wal-Mart is still requiring that each item is priced at $15 or more, and the total layaway purchase must be at least $50. A down payment of 10 percent or $10, whichever is greater, is required and will be applied to the purchase, the same terms as last year. There’s also a $15 fee to open an account. If the order is cancelled or not paid in full, the $15 is not refunded, but no additional cancellation fee will be charged. Shoppers who make their final layaway payment get a full refund of the $15 fee in a form of a Wal-Mart gift card."
"The new program will last a month longer than last year’s and will include more items than the toys and electronics featured last year."
According to the story, "Wal-Mart is still requiring that each item is priced at $15 or more, and the total layaway purchase must be at least $50. A down payment of 10 percent or $10, whichever is greater, is required and will be applied to the purchase, the same terms as last year. There’s also a $15 fee to open an account. If the order is cancelled or not paid in full, the $15 is not refunded, but no additional cancellation fee will be charged. Shoppers who make their final layaway payment get a full refund of the $15 fee in a form of a Wal-Mart gift card."
- KC's View:
