Does Walmart Have Layaway? (Updated Policy Explained)

In addition to Walmart’s everyday products in its stores, the company also sells bigger ticket items like exercise equipment, TVs, furniture, and much more. 

But what if you can’t afford the total purchase price for an item at Walmart? You might be asking, does Walmart have layaway plans? I was curious about the same thing, so keep reading to see what I discovered!

Does Walmart Have Layaway?

Walmart offers layaway from August 28- December 14 for purchases greater than $50 and installment payment plans through Affirm year-round. Through Affirm, payment plans range from three to 24 months for purchases up to $2,000. Also, Affirm’s APRs range from 0-30%, depending on your credit and time of year. 

If you want to learn more about Walmart Layaway, like other terms and restrictions, what products qualify for layaway, and whether or not Walmart offers installment financing, keep on reading for more facts!

Does Walmart Offer Layaway Payment Plans?

Walmart offers layaway payment plans for in-store purchases. However, Walmart Layaway is only available during the holiday season, from August 28 to December 14. 

Still, some Walmart locations provide layaway payment plans year-round for jewelry purchases only. 

So, to find out whether or not your local Walmart offers the service year-round, simply ask a Walmart jewelry associate or a store manager. 

Additionally, although Walmart doesn’t provide layaway year-round, it does have installment financing options available to break down purchases into smaller payments through Affirm (see below).

Is Walmart Layaway Available for All Purchases?

Walmart Layaway is only available for in-store purchases. Unfortunately, you cannot use Walmart Layaway for online purchases. 

However, through Affirm’s installment plans, you can use them for online purchases. 

How Does Layaway Work at Walmart?

Starting a layaway payment plan at Walmart is very simple and only requires a few simple steps. 

After your in-store shopping is complete, bring your items to the Customer Service desk or designated Layaway counter to initiate a layaway plan. 

Then, Walmart asks that you make a small down payment of $10 or 10% of the purchase price, whichever is greater. 

Afterward, you can make layaway payments at any time at any register in the Walmart store you bought the item from. 

Additionally, other things you should know about Walmart Layaway include the following:

  • There’s no opening fee
  • Individual items must cost $10 or more to qualify for layaway
  • Total purchase must be $50 or greater 
  • You can sign up for email or text notifications about your payments 

What Should You Know Before Using Layaway at Walmart?

What Should You Know Before Using Layaway at Walmart?

Of course, you should know a few things before using Walmart Layaway, including the terms, cancellation policy, age requirements, and return policy. Let’s look at these in more detail:

1. Terms

As previously noted, Walmart Layaway begins on August 28 and ends on December 14. 

As part of Walmart’s terms, you must make your final payment before the last day of your plan at the same store you bought the item from. 

If you don’t follow this policy, your account will be canceled. 

2. Cancellation Policy 

If you decide to cancel your Walmart Layaway account, the items are returned to inventory. 

Also, your down payment and any payments made are refunded to you minus a $10 cancellation fee. 

Moreover, the cancellation fee varies between states, so make sure you read the fine print before putting something on layaway.

3. Age Requirement

You must be at least 18 years old to use Walmart Layaway and financing through Affirm. 

The person making payments for the item and picking the item up must be at least 18 years old.

4. Return Policy

Walmart’s generous 90-day return policy also applies to all layaway and Affirm transactions.

Are There Exclusions to Walmart’s Layaway?

There are some exclusions to Walmart’s Layaway plan. For example, some of the restrictions include:

  • Can only set up layaway plans in-store 
  • Excludes all wireless phones 
  • Not available on Thanksgiving 
  • Other restrictions vary by store

What Can You Put on Layaway at Walmart?

Fortunately, you can put a wide array of products either on a Walmart Layaway plan or Affirm installment plan. 

For example, some of the product categories that qualify for Walmart Layaway include:

  • Electronics (without service plans)
  • Toys
  • Small Appliances
  • Large Furniture
  • Auto Electronics
  • Sporting Goods (select items)
  • Jewelry
  • Infant Toys
  • Infant Furniture

Additionally, you can check with your local Walmart for more details about the retail giant’s Holiday Layaway Plan. 

That said, to find the phone number for your Walmart store, simply type in your zip code on the store locator page (on 

Afterward, you’ll notice all the relevant information about your Walmart store.

Does Walmart Offer Installment Financing?

Walmart offers installment financing at any point in the year through a partnership with Affirm. 

Also, installment financing is available for in-store and online purchases, with payment plans ranging from three to 24 months. 

Before you make an in-store purchase, apply for installment financing at Next, pick your desired payment plan, and scan your single-use barcode at the register. 

Afterward, you can make your payments online with Affirm. For online purchases, choose “Affirm” as a payment method and apply for a loan to pay for your items. 

Moreover, some of the benefits of using Affirm include the following:

  • No late fees
  • No prepayment fees
  • No annual fees
  • No hidden fees
  • No service fees to open or close your Affirm account 
  • Clearly states the total amount of interest you’ll pay 
  • It shows you the exact terms of your loan 

What Is the Time Limit for Paying off Walmart Loans?

Customers have the option to finance their purchases for three to 24 months, depending on their total purchase. 

For example, customers have three, six, or 12 months to pay cart totals between $144-$799.99. Further, you have 12, 18, or 24 months to pay off cart totals between $800-$2,000. 

What APR Does Walmart Charge?

Often, the APR at Walmart is between 10-30%, depending on a customer’s credit. However, sometimes Walmart offers a 0% APR special. 

Either way, your APR appears in the Affirm app while you checkout. 

To save on your next shop at Walmart, be sure to check out our other guides on Walmart hacks, if Walmart takes coupons, Walmart rollback, and whether or not Walmart price matches Amazon!


Walmart offers a layaway payment program, but only from August 28 to December 14. Also, Walmart Layaway is only available for in-store purchases, and online purchases are restricted at the moment. 

Moreover, Walmart offers installment financing through a partnership with Affirm, which you can use year-round and for online purchases. 

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Marques Thomas

Marques Thomas graduated with a MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of

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