Credit cards and purchasing on credit has made people actually own things they can sometimes not have if upfront payments were required. The system of paying in instalments has increased people’s spending abilities and increased not only the quantity but also quality of purchases. This along with the introduction of purchasing online has made purchasing even simpler.
Almost everything we purchase is now online. Businesses that fail to have an online presence or platform lose out on a large client base. However how has layaway become popular online? The system of layaway was commonly used back in the day but gradually lost its presence. Now it is very much back and available even online. There are some of the best things that come with a layaway system applicable to online purchases.
The cost never changes
The one extremely annoying factor about online payments is the extra charges that are added or even the interest that is so much higher than the actual payment. However, in the layaway system there are no fringe attachments. The cost stays the same regardless of if you pay it within a week or a month.
This is what makes this system so popular. People are motivated to purchase as they have control over when and how much they will be spending on their purchase. A store with online layaway will have the option once you have checked out and have to select your mode of payment. Be sure to check the policy prior to signing up as it varies between stores.
You’re free to make the call
What seemed like a great purchase a few days ago might really not as time goes on, lucky for your layaway gives you the option of ditching your payment if you think you do not need it anymore.
You are most probably not going to receive a refund of the money you have already paid but at least the choice is yours and you will not be stranded with something you do not need anymore. It is a guilt free system that lets you change your mind within the payment plan timeline.
It all happens from your couch
Back in the day when layaway was only possible at the physical store, you had the task of carrying it to the layaway department, however now the effort is down to a click. All you need to do is click the option and the deal is done, all of this from the comfort of your couch. Once you have completed your payment period you can request for delivery or even pick up depending on the store policy.
What credit score?
Say no to keeping up credit scores. With layaway your credit score is not affected at all as it is an independent payment system. In fact, it has nothing to do with it so relax and make your purchases knowing that regardless of whether you pay or ditch the item halfway through it is not on record.