Is Layaway the best option for for Holiday Shopping?

Let's face it, we are all super excited about Black Friday and Christmas. If not then there is something seriously wrong with you!

As for Target and Best Buy, sorry to disappoint you- neither retailer offers layaway right now, and it doesn't look like 2014 will be the year that they start. Here are all the places offering layaway!

Walmart Layaway

How to start

• No opening fee
• Down payment- $10 or 10%, whichever is greater

The rules

• Minimums– Individual items must be $15 or greater. Total purchase must be $50 or greater.
• Terms– Layaway begins September 12. Final payment and pickup must be made on or before December 15 at the same store layaway was initiated.
• Cancellation– if account is canceled, items will be returned to inventory. Down payment and payments made will be refunded, less a $10 cancellation fee.
• Returns– Walmart Returns Policy applies to all layaway transactions.

Pickup and pay

• Location– Layaway is initiated and picked up at the Walmart.com Services Desk. Payments can be made at any register.
• Timing– Some Layaway items may be stored at a location other than where the layaway account was opened. All items stored remotely will be available for pickup within 10 days of paying the balance due, but no later than 12/15/2015.

See Walmart.com Services Desk for full details.

*Please ask a Jewelry associate for policies specific to jewelry.
Layaway available all year.

Layaway orders not paid for and picked up by December 15 will be canceled. Any payments will be refunded, less a $10 cancellation fee. Offer valid 9/12/14 – 12/15/14. Available for electronics, automotive electronics, toys, infant toys, select sporting goods, small appliances, furniture & infant furniture. Excludes wireless phones that require contracts. Walmart and Walmart Supercenter stores only. All fees non-refundable. The cancellation fee does not apply in all states. Some restrictions apply.

Toys R Us Layaway

How long is a layaway contract?

• Layaway contracts are 90 Days. 

Can I have multiple layaway accounts?

• Yes. We don't limit the number of layaways you may have at any one time. 

Is there a minimum purchase amount to be eligible for layaway?

• There is no minimum purchase amount to be eligible for layaway. 

Are there any set-up or cancellation fees?

• There is a minimal $5 set-up fee and we do charge a cancellation fee. Upfront fees are waived during promotional "Free Layaway" period. In Rhode Island and Ohio, you may cancel your order within 14 days without any cancellation fee and re-order any items at that time. In Maryland, there is no cancellation fee for orders cancelled within 7 days of the order. Also in Maryland, if the price of the item you order is reduced within 10 days of your order, you are entitled to a credit for the difference in price. 

Can I change or add items to my layaway?

• We do not allow changes or additions to an existing layaway. If you wish to make changes, you will need to cancel and open a new layaway account. Layaway cancellations may result in our standard layaway cancellation fee - see Layaway Cancellation Fee Schedule below. 

After my contract is paid in full, when can I pick up my order?
If you make your final payment in store, your order will be ready to take home with you immediately following your payment. If you make your final payment online, you will receive an email indicating that your order is ready to be picked up. Please note, if you’ve purchased items that need to be shipped to the store, the items will ship once final payment is made.

How much do I have to pay to start my layaway?

• A deposit of at least 10% of the total price of your order, and a $5 service fee are due when the merchandise is put into layaway. You may make additional payments at any time, but payments must be made bi-monthly as follows 20% within fifteen (15) days; 30% within thirty (30) days; 40% within forty five (45) days; 50% within sixty (60) days; 60% within seventy five (75) days and the total price of your order must be paid within ninety (90) days or prior to the end of the holiday layaway period, whichever is earlier. In Maryland, the service fee is limited to $1.00 for goods $500.00 or less and $5.00 for goods over $500.00. 

How do I find my layaway order number? 

• Your layaway order number is located at the top of your store register receipt, which you received when you created your order. 

Kmart Layaway

Fees (8 week contract):

• $5 service charge
• Down payment of $10 or 10%, whichever is greater (except for 10/5-10/18 when they’ll offer “no money down” layaway)
• $10 cancellation fee

Fees (12 week contract):

• $300 minimum order
• $10 service charge
• Down payment of $30 or 10%, whichever is greater
• $20 cancellation fee

Sears Layaway

Fees (online orders only):

• Down payment of $20 or 20%, whichever is greater

Fees (8 week contract):

• $5 service fee
• No downpayment required
• $15 cancellation fee

Fees (12 week contract):

• $10 service fee
• No downpayment required
• $25 cancellation fee