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Major Retailers Are Starting to Get Rid of This Popular Perk

Best Life Logo By Beverly Bruce of Best Life | Slide 1 of 5: It used to be that savvy shoppers would begin the hunt for Christmas gifts in May, taking advantage of store-based layaway programs to spread out payments and get shopping done early. But it appears that layaway may be going the way of the dinosaurs.Some stores that once offered layaway options to customers have now dropped those programs in favor of "buy now, pay later" programs like Klarna, Afterpay, and Affirm, according to CNBC. Just recently, Walmart announced that for the first time in the company's history, it won't be offering layaway this year, and is instead suggesting customers make purchases with Affirm.Read on to learn more about who's phasing out layaway and what these new apps hold for the future.RELATED: Costco Is Limiting How Much You Can Buy of These 4 Things.Read the original article on Best Life.

Major Retailers Are Starting to Get Rid of This Popular Perk

It used to be that savvy shoppers would begin the hunt for Christmas gifts in May, taking advantage of store-based layaway programs to spread out payments and get shopping done early. But it appears that layaway may be going the way of the dinosaurs.

Some stores that once offered layaway options to customers have now dropped those programs in favor of "buy now, pay later" programs like Klarna, Afterpay, and Affirm, according to CNBC. Just recently, Walmart announced that for the first time in the company's history, it won't be offering layaway this year, and is instead suggesting customers make purchases with Affirm.

Read on to learn more about who's phasing out layaway and what these new apps hold for the future.

RELATED: Costco Is Limiting How Much You Can Buy of These 4 Things.

Read the original article on Best Life.

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