Why Is Walmart Stopping Layaway?

As of 2015, Walmart is not stopping its layaway program, but the company only offers the program during the holiday season. Walmart had previously discontinued layaway in 2006, but it was brought back in 2011 due to customer demand.

In 2014, Walmart offered its layaway program from Sept. 12 to Dec. 15. All items placed on layaway must have been fully paid for and picked up at the same store where the layaway was initiated by the end of the program on Dec. 15 or else the order would be cancelled. If a layaway order is cancelled for any reason, Walmart returns the down payment and any payments back to the customer minus a $10 cancellation fee.

When placing an item on layaway at Walmart, the customer must pay a down payment of either $10 or 10 percent of the total purchase price, depending on which is greater. In order for items to qualify for layaway, each item must cost greater than $15, and the total of all items being place on layaway must exceed $50. Although the layaway must be initiated and the items picked up at the Customer Service desk, customers can make their layaway payments at any cash register.