Sears customers can arrange purchases of layaway items at a bricks-and-mortar location or add the items online to their shopping carts. Customers make a down payment once the order is placed. The payments for an 8-week plan are due every two weeks and can be paid online or within a store. Once the balance has been paid in full, the customer can pick up the items at the store or have them delivered.
Kmart has a similar plan to that of Sears, with the primary differences being the amounts of the down payments and the cancellation fees. Both stores have limits for online purchases, as well; otherwise, arrangements must be made at a physical location. For Kmart, this applies if the total goes over $300 and for Sears if the total is over $400.
Toys R Us has a slightly stricter layaway policy. A customer can only place their items on layaway in the store, and the purchase requires a down payment at that time. However, all layaway payments can be made online at any time or within the store. The final payment is due in-store, where the customer can then take the purchase home. If the final payment is made online, the customer receives an email notifying that the order is ready.Learn more about Personal Banking