Layaway is an agreement made by both the customer and the company stating that the customer can put a deposit down as a down payment on an item. This effectively holds the item until the customer can pay for the item in full.
Here at Perry’s Emporium, we allow layaway purchases to be held for a maximum of 90 days. Customers must put down at least 25% of the purchase as a deposit in order to qualify for our layaway service. Each month, the customer must pay something towards the layaway purchase. The purchase must be paid for in full by the end of the agreed upon layaway period. Canceling layaway on an item will result in a 20% restocking fee. Items that have been bought on layaway are not subject to return or exchange.