No more Layaway, Walmart partners with Affirm

No more Layaway, Walmart partners with Affirm

Editorial Photo Credit: Eric Glenn

Walmart scrapped its layaway plan just before the 2021 holiday shopping season and instead, switching to a buy now, pay later plan in partnership with lending company, Affirm. Business Insider is reporting this alternative to layaway allows you to purchase products immediately to take home and pay over time. 

“Unlike layaway, purchases made with Affirm may charge customers interest. Although Affirm does not charge any hidden or late fees for using its services, customers can have an APR rate on purchases of 10-30% depending on their credit and 0% for select promotional items on Walmart.com.”

Not all Walmart customers may be eligible to use Affirm depending on their prequalification status. The service can be used on purchases ranging from $144 to $2,000 and excludes items like alcohol, groceries and food, personal care products, and pet supplies.

Eligible categories include electronics, toys and home; while some ineligible items are alcohol, gasoline and pet supplies. For a complete list of categories, click here.

You can make or schedule payments at affirm.com or in the Affirm app for iOS or Android.

Read more here: Business Insider

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