Tag: layaway

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Amazon Deals

 Check Out The New Amazon Layaway

Amazon Layaway is available now, year-round, and even on holidays (Prime Day included)! It is interest-free, there are no credit checks, and you’ll pay just 20% today to reserve your item(s).

How Does it Work?

You will pay 20% of the listed price up front. Then, you’ll make 4 payments (automatically charged to the original payment method you choose) over 8 weeks and your item will ship after your final payment. Once you put an item on layaway, the price will not change.

There are no fees for overdue or canceled layaway plans. If you miss a payment, Amazon will send you an email to inform you that the payment is late. Once your layaway balance is overdue, you will not be able to open any additional layaway plans with Amazon.

Note that only items shipped and sold by Amazon are eligible for layaway and availability seems to be very limited at the moment.

To find products eligible for Layaway, look for ‘Reserve with Layaway’ label

Categories
Save Money

AfterPay Overview

Think of Afterpay as layaway with benefits.

If you remember layaway plans, you know it’s an old retail custom in which you make installment payments over a period of time to buy a product or service you can’t afford upfront.

However, services like Afterpay now let you keep the merchandise immediately after you make the first payment. You pay off the balance in three equal installments, but there’s no more waiting until the item is paid off to get you purchase.

What Is Afterpay?

Buy-now-pay-later services like Afterpay are also known as point-of-sale lenders. Buyers select Afterpay at the point of purchase and can get approval immediately without a credit check. Once approved, the buyer makes an initial payment and is enrolled in a six-week payment plan.

Users don’t pay fees or interest on their purchase.