Q:

How does layaway work at Walmart?

A:

Walmart layaway lets customers reserve purchases with a total value of $50 or more by making a down payment and agreeing to periodic installments. The service is only available for the holiday season lasting from mid-September to mid-December. As of August 2013, Walmart terminated the opening fee applied to purchase balances, making layaway service free. Customers must pick up the reserved items and finish payment by the December end date.

Layaway is only available for in-store purchases, and select stores offer year-round service for customers buying jewelry. Each item must be at least $15, and qualifying purchases are typically limited to jewelry, electronics, toys, small appliances and sporting goods. In 2013, Walmart expanded the layaway selection to include infant toys and car electronics, while wireless contract-based phones are excluded. The initial down payment must equal 10 percent of the balance or $10, depending on which amount is greater.

Customers open a layaway account at Walmart service desks, but installment payments can be completed at normal registers. If customers decide to cancel layaway purchases, they are charged a $10 fee and reimbursed for any previous payments. In some cases, items must be stored off-site, and customers are given a longer grace period for pickup. Walmart's standard policies on returns and ad matching also apply to layaway purchases, allowing customers to pursue refunds, exchanges or price reductions.


Is this answer helpful?

Similar Questions

  • Q:

    What is a Walmart MoneyGram?

    A:

    According to Walmart, MoneyGram is a money transfer service that allows people to send money from any Walmart store or online to another Walmart store. Since Walmarts are located all over the United States, MoneyGram makes it easy to find a convenient location for the recipient.

    Full Answer >
    Filed Under:
  • Q:

    Does Walmart accept PayPal?

    A:

    Walmart does accept PayPal as a form of payment on Walmart.com in addition to more conventional payment methods such as credit and debit cards. To use PayPal on Walmart.com, a user will need to have an active PayPal account.

    Full Answer >
    Filed Under:
  • Q:

    What is the organizational structure of Walmart?

    A:

    According to Walmart, its organizational structure is comprised of a management team of five CEOs of various Walmart subsidiaries. These CEOs lead several more vice presidents in charge of the various business divisions of the parent company.

    Full Answer >
    Filed Under:
  • Q:

    What is the hourly wage at Walmart?

    A:

    According to Walmart, the average hourly salary of its full-time employees in the United States is $12.81. More than 475,000 of those hourly workers earn at least $25,000 annually. However, more than 500,000 make less than that.

    Full Answer >
    Filed Under:

Explore