Layaway jewelry plans allow you to have jewels that you can buy by making payments that you can pay several times, not all at once. Many large jewelry stores or chain stores offer this installment plan to satisfy their customers and help everyone get expensive jewelry.
Layaway is a payment system that is very useful and beneficial for most jewelry lovers. It is a system where the customer deposits a certain amount each time until they complete the full payment amount, and in this process, the seller keeps the product in the store. Payment is usually made in installments. Jewelers can also increase their sales by offering such a payment option to their customers. It should not be forgotten that besides the size of the advantages, it will cause a waste of time with some small paperwork.
You can fix the existing discount rate by placing the jewelry you want to buy in installments. In this way, you can prevent your product from being sold. While Layaway plans are usually offered one-on-one in-store, some stores also offer this service online. Until the payment plan of the product you want to buy is completed, the store keeps it for you and prevents it from being sold. When you finish paying the installments, you can wear your necklace, bracelet, earrings, or wedding ring as you wish.
You may not always have that much money with you at once for the jewelry you want to buy. In such cases, layaway plans will be your biggest supporter. Until you have a sufficient budget or your payment plan is completed, your jewelry will be protected on your behalf in the store and will not be sold. Layaway plans will also greatly benefit stores. Because it will enable them to create a loyal customer portfolio. They offer a flexible payment plan to their loyal customers.
There are some points to consider before presenting a Layaway plan. You should clearly define your plan, policy, terms, and payment method. It will be important that it be clear and simple. Terms and conditions should be very clear.
How Does Jewelry Layaway Work?
- First, decide which jewelry you want to buy.
- Pay a small amount of money as a down payment.
- Pay at regular intervals and in fixed amounts until you pay the full sale price.
- Stick to the jeweler’s or store’s layaway plan.
- You can decide how payments are split, or the store may have a fixed payment plan.
- The jewelry you choose will remain in the store until your payment is completed and will not be sold.
- This form of payment allows you to fix the discount on the product or not be affected by the price increase.
- If you are a person who has trouble saving money, it will be the perfect payment plan for you.
- Once the Layaway plan is complete, you can take your beautiful jewelry from the store.
Jewelry Stores that Offer Layaway Plans
There are different stores and chain markets that offer layaway plans to their customers. You can choose the one that fits you more. There are different payment plans, discounts, prices, and even more to decide.
Sears
It is possible to get your jewelry with layaway both in-store and online. The only difference is that you cannot get everything you want online because only selected items are sold by online layaway. In terms of down payment, there is no need if you buy from the store directly, however, you need to pay 0.01 if it is online. The payment plan is fixed by the store. It needs to be completed within 8 weeks (online layaway) or 12 weeks (in-sore layaway) and you need to pay every 2 weeks. In terms of cancellation, it depends on how you purchase your jewelry, whether it is online or in-store.
Day’s Jewelry
It is possible to get your jewelry with layaway both in-store and online. As a down payment, you need to pay 10% of the price. The payment plan is completely up to you. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that you need to pay at least 10% of the price for each payment. In terms of cancellation, if it has happened after 30 days, the store keeps 20% of the deposit.
Kay Jewelers
It is possible to get your jewelry only from the store, there is no online offer. Down payment is depending on the purchase amount. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that you should pay at least once a month and each month. It has to be completed in 6 months. In terms of cancellation, there are different terms accepted by different stores.
Jared the Galleria of Jewelry
It is possible to get your jewelry only from the store, there is no online offer. Down payment is depending on the purchase amount. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that you should pay at least once a month and each month. In terms of cancellation, there are different terms accepted by different stores.
The Jewelry Exchange
It is possible to get your jewelry with layaway both in-store and online. Down payment is 25% of the purchase amount. You can decide how to pay and you can choose the number of payments. However, it is an important point that you should pay the first payment within 90 days in order to show that you are not going to cancel. In terms of cancellation, there is none. On the other hand, in terms of refund, the store gives you a credit.
Since 1910
It is possible to get your jewelry with online layaway only. Down payment is 25% of the purchase amount. Nevertheless, you should buy jewelry in the amount of $1,000 in order to get the benefit of online layaway. The only thing you need to keep in mind is that you should pay at least once a month and each month. It has to be completed in 6 months. There could be some exceptions and the store can extend the payment plan on certain terms. There are no cancellation fees.
Reeds Jewelers
It is possible to get your jewelry only from the store, there is no online offer. Down payment is 10% or 25% of the purchase amount depending on the jewelry itself. The payment plan should be completed within 6 months. Each payment should be over $25. Depending on the location of the store you buy your jewelry, cancellation terms change.
Helzberg Diamonds
It is possible to get your jewelry only from the store, there is no online offer. Down payment is 10% of the purchase amount. The only thing you need to keep in mind is that you should pay at least once a month and each month. It has to be completed within 10 months. In terms of cancellation fees, there is none.
SuperJeweler
It is possible to get your jewelry with online layaway only. Down payment is 10% of the purchase amount. You need to pay in equal amounts each month. It has to be completed within 2 months. Cancellation terms are not specified.
Michael Hill
It is possible to get your jewelry only from the store, there is no online offer. Down payment is 25% of the purchase amount and there is a small amount of administrative fee. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that the payment should be completed within 3 months. Cancellation terms are not specified.
My Trio Rings
It is possible to get your jewelry with online layaway only. Down payment varies. You can choose 0%, 10%, 25%, or 50% down according to your budget. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that the payment should be completed within 6 months. The cancellation fee is 25% of the purchase amount. It is held in store for 6 months.
Serendipity Diamonds
It is possible to get your jewelry with online layaway only. The minimum purchase amount is $700. Down payment is 25% of the purchase amount. The payment plan is fixed by the store. You need to pay within 4 months and equally. If you cancel your payment within a week, you do not need to pay anything. However, if it is after a week, you need to pay 5% of the purchase amount as a cancellation fee.
Shane Co.
It is possible to get your jewelry with layaway both in-store and online. Depending on the purchase amount, down payment changes. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that the payment should be completed within 6 months. There is no cancellation fee required.
Kmart
It is possible to get your jewelry with layaway both in-store and online. The only difference is that you cannot get everything you want online because only selected items are sold by online layaway. Down payment is 10% of the purchase amount. If you are a member of Kmart Shop Your Way, you get a $1 discount more. Payments should be completed within 8 weeks (online layaway) or 12 weeks (in-store layaway). Payments have to be done every 2 weeks. Cancellation fees vary. For online layaway, you need to pay $5 as a service fee and there is a $10 cancellation fee. For in-store layaway, you need to pay $10 as a service fee and there is a $20 cancellation fee
Totaram Jewelry
It is possible to get your jewelry with online layaway only. Down payment is 20% of the purchase amount. You can decide how to pay and you can choose the number of payments. The only thing you need to keep in mind is that the payment should be completed within 4 months. It is not possible to cancel or change layaway after you made a payment plan.
Walmart
It is possible to get your jewelry with online layaway only. However, there are different layaway plans that only Walmart offers. These are seasonal layaway plans that are applicable for general merchandise. Other than these offers, there are year-round layaway plans as well. Down payment varies. You need to pay $10 or 10% of the purchase amount of the product. You can decide how to pay and you can choose the number of payments. There could be some fixed policies depending on the location. The cancellation fee is $10.
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