We get it, sometimes people realize they’d rather go in a different direction. Walmart scrapped its layaway plan in lieu of one it deemed better.
- Switch: The premise of the layaway plan was that a store would hold an item for a customer until they paid for it. But instead of holding the items, Walmart’s new system allows consumers to have their items immediately and pay over time.
- Plan: The major retail company is partnering with Affirm, a lending business, to provide the new opportunity called “buy now, pay later.” Customers will pay through Affirm for approved items with payment plans up to 24 months.
Read more about buy now, pay later HERE.