Does Walmart Have Layaway – Affirm & Monthly Payments Explained

Walmart has been known for providing its customer’s various shopping options and financial solutions. Layaway, a service that lets you reserve and pay for items in installments, has been quite popular among shoppers.

Until recently, Walmart did have a traditional layaway program in place. However, Walmart decided to say goodbye to its annual layaway option for the 2021 holiday season and partnered with Affirm, a buy now, pay later program, instead.

With this change, you can no longer use traditional in-store layaway services.Walmart’s agreement with Affirm allows shoppers to prequalify online for the amount needed and pay for online and in-store purchases over time, but interest applies.

So, while Walmart no longer provides the conventional layaway service, they have introduced an alternative method, making it easier for customers like you to manage payments on their purchases.

Walmart Layway Policies Using Affirm

Walmart’s layaway policy has changed over the years. They no longer offer the in-store layaway service where you would take items to customer service, pay a portion of the total, and make payments at the store. Instead, you need to use the Affirm service for your layaway needs.

To start a layaway contract at Walmart, a minimum purchase requirement is $50. Walmart’s layaway program allows you to put items like electronics, furniture, and jewelry on layaway. It’s important to keep in mind that the layaway terms may vary, including payment schedules and minimum purchase amounts.

Using Affirm for Walmart layaway, you can make weekly or monthly payments and pay in full or partial payments during the layaway period. This flexibility allows you to better manage your budget and ensure your purchases are paid off on time.

Payment Plans

Once you’ve selected the eligible items, take them to the layaway counter to complete an easy application. You’ll need to make an initial down payment, which may vary depending on the store. Some stores allow you to choose a deposit amount, while others require a percentage of the full price.

After making the down payment, you can make payments on your layaway items over time until the balance is paid off.

Service and Cancellation Fees

Layaway is a free service offered by Walmart to help make shopping more affordable. However, a cancellation fee may be involved if you decide to cancel your layaway plan. It’s essential to familiarize yourself with your local Walmart’s cancellation policies to avoid unexpected costs.

Affirm Financing

With the Affirm financing option at Walmart, you can make your purchases now and pay for them over time. This service is handy for larger-ticket items like electronics or home appliances, allowing you to budget more efficiently and avoid a large upfront payment.

To use Affirm financing at Walmart, simply add items to your cart as usual and proceed to checkout. At the payment stage, choose the Affirm option and follow the steps to complete the process.

You’ll see payment options with varying interest rates, terms, and monthly payment amounts if you’re eligible. This will allow you to select the best financing plan for your needs and budget.

Remember that Affirm requires credit approval, and interest rates may vary based on your credit history. Some qualified customers may receive 0% APR financing, while others may have higher rates.

So, if you’re looking to purchase items at Walmart without using a traditional layaway plan, the buy now, pay later option with Affirm financing can be an excellent alternative.

Eligible Categories To Use With Walmart Affirm

As with most layway type services, there are plenty of elibigle categories to choose from.


You can put various electronic items on Walmart Layaway, such as cameras, gaming consoles, and auto electronics. However, mobile devices requiring service plans and some large appliances are excluded.

Some advantages of using layaway for electronics include spacing out payments and securing in-demand items during the holidays.


You can add toys to your layaway plan at Walmart, making it easier to purchase gifts for your children and loved ones on special occasions.


Jewelry items, including necklaces, rings, and bracelets, are eligible for Walmart Layaway. This allows you to gradually pay for valuable and sentimental items, ensuring you can give a meaningful gift to your loved one without feeling immediate financial pressure.

Sporting Goods

Select sporting goods can also be added to your layaway plan at Walmart. This is particularly useful when investing in expensive gear like bicycles, exercise equipment, or outdoor adventure items, helping you spread out the cost more manageably.


Large furniture items can be put on Walmart Layaway. This means you can bring home that comfortable sofa or sturdy dining table while making smaller payments over time.


Gaming consoles and other media gaming products are eligible for layaway at Walmart. Making more affordable payments helps you secure your favorite gaming device, especially during popular releases or holiday seasons.

Home Decor

Using Walmart Layaway, you can also purchase home decor items such as artwork, small furnishings, and seasonal decorations.

Comparing Walmart Layaway to Competitors

With Affirm, you can prequalify for the purchase amount and pay for your items over time; however, interest rates may apply.

On the other hand, Target currently does not offer a layaway program. Target has partnered with Sezzle and Affirm, alternative payment methods similar to Walmart’s Affirm partnership, allowing customers to make installment payments on their purchases.

The main difference between Target’s financing options and Walmart’s Affirm partnership lies in the availability of these services. While Walmart mostly works with Affirm, Target offers both Sezzle and Affirm as payment options.

Here are the key differences between Walmart and Target:

  • Walmart has discontinued traditional layaway and now partners with Affirm for financing options.
  • Target does not offer layaway but provides financing options through partnerships with Sezzle and Affirm.

To choose the best option for your needs, it’s essential to consider the payment flexibility and interest rates associated with these financing options. Although neither Walmart nor Target offers traditional layaway, both retailers provide alternative payment methods to help you budget for your purchases.

Other Payment Options

Walmart no longer offers layaway, but they have introduced alternative payment options to meet your needs. One such option is their partnership with Affirm, allowing you to make easy and affordable monthly payments online and in stores, depending on your eligibility.

With Affirm, you can choose a payment plan tailored to your budget, ranging from 3 to 24 months. During checkout, Affirm will display the exact terms and total amount of interest you’ll pay, ensuring transparency and making it easier for you to manage your finances.

Here are some key features of the Affirm payment option:

  • Flexible installments: You can select a preferred payment plan, with weekly or monthly installments fitting your schedule.
  • No service fees: Affirm doesn’t charge any hidden or additional fees, ensuring you only pay the agreed amount.
  • Small deposit: Your initial deposit will vary based on your eligibility, but Affirm aims to make it as affordable as possible.
  • Refund policy: If you return an item purchased via Affirm, the refund will be credited back to your Affirm account.

To make your shopping experience even more convenient, Walmart allows you to add a payment method to your Walmart account, speeding up the checkout process. You can save your preferred payment option and securely pay for your purchases by following a few simple steps.

Similar Posts

Leave a Reply