Can You Still Find Online Layaway Options? A Comprehensive Guide

If you're looking for a way to buy your favorite item but can't manage to save for it all at once, you might be interested in the layaway plan. Traditional layaway, where you pay off a portion of a purchase and pick it up later, has become less common in recent years. However, some retailers still offer online layaway services. In this guide, we'll explore which stores currently provide online layaway options and why certain stores have discontinued this service.

What Stores Offer Online Layaway?

While online layaway may not be as widely available as it once was, there are still a few retailers that offer this convenient option. Understanding which stores still provide this service can help you plan your shopping list more effectively.

Kmart

It's important to note that Kmart, a once-popular retailer known for its layaway plans, officially closed its doors in 2022. Despite the closure, many former Kmart customers used their loyalty and existing layaway accounts to complete their purchases. If you had a layaway item, you could often find someone to transfer the account, allowing you to finish paying for your desired items.

Other Retailers Still Offering Online Layaway

While the online layaway trend has significantly decreased, some notable retailers still offer this service. Here are some options you might consider:

Bed Bath Beyond: Often seen as a prime example of a retailer that still supports layaway plans. They offer the ability to set up a layaway account and pay for your items in installments. Walmart: Another major retailer known for its layaway service. Walmart allows customers to set up a layaway account and pay for items in easy installments over time. Amazon: For a unique twist, certain Amazon stores and sellers sometimes offer layaway plans for special items. Check Amazon Marketplace for these options, as not all sellers participate.

These retailers retain the layaway service for various reasons, including customer loyalty and the fact that it can often generate additional revenue through fees on layaway orders.

Why Have Online Layaway Plans Decreased?

While some retailers still offer layaway plans, the trend has generally decreased over the years. Several factors contribute to this decline:

Economic Changes: Over the past decade, changes in economic conditions and consumer spending habits have led to a reduced interest in long-term payment plans. Convenience: Modern online shopping has made it easier for consumers to pay for items immediately and avoid the inconvenience of setting up a layaway account. Revenue Levels: Offering layaway plans can be costly for retailers, as they often face higher processing fees and administrative burdens. If these costs outweigh the additional revenue generated by laying away items, it becomes a less attractive business option.

Despite these factors, specific retailers may continue to support layaway plans due to customer demand and the additional revenue they can generate through fees.

Choosing the Right Layaway Plan for You

If you're considering setting up a layaway account, here are a few tips to help you make the best choice:

Research Fees: Understand any fees associated with the layaway plan and compare them between different retailers. Read the Terms: Carefully review the terms and conditions of the layaway plan, including any restrictions or requirements for completing your purchase. Verify Payment: Ensure that payments are secure and won't be lost or refunded mid-payment. Shipping and Delivery: Understand how the retailer will handle shipping and delivery, as well as any potential delays.

By following these tips, you can make an informed decision and ensure a smooth layaway process.

Conclusion

Online layaway options are becoming less common, but there are still a few retailers that offer this service. Bed Bath Beyond, Walmart, and certain Amazon stores are notable examples where you can still find layaway options. However, it's important to stay informed about which stores maintain this service and consider the benefits and potential costs before setting up a layaway account.

Understanding the reasons for the decreased availability of layaway plans can also help you make better purchasing decisions. Whether you're buying gifts, seasonal items, or simply need to make a large purchase over several payments, knowing your options can make the process easier and more convenient.