'Shop now, Pay later' is the concept of Kmart layaway program. Kmart shop offers wide range of collection during the festive season. One can purchase an item without paying the entire price at once. However, the layaway customer will not get the item unless it is completely paid because the seller has to "lay" the item "away" in the storeroom until the payments are made. If the deal is not completed then the item or product is taken back to the store and the customer’s money is returned minus a fee.

The Kmart Online Layaway program is an exclusive Web-based program, which lets the shoppers to purchase online on layaway. Kmart online shopping can be done just by visiting the site Kmart.com. The user can take a look at the items that they wish to purchase. Once the user selects the items, they are able to view the shopping cart and click on the layaway option. Later, they are able to make payments over an eight-week period. Once the payments are made, the user can collect the items from the store. The users must note that the items they selected should be available at the nearest local store in order to put on layaway online.

While shopping with Kmart, one must note that if the store is bankrupt and the customer is still in the process of payment, then the customer can lose both the cash and goods. So, it is better to deal with a trustworthy business. Kmart products are also available worldwide for shipping on Sears.com. When shopping is done internationally, the price will be shown in the currency which the user wants.

Most layaway plans charge no interest like the credit cards. Layaway has made a comeback, as the consumers want to save their budget during the festive season. Usually, a layaway program lasts for few weeks or few months. Kmart offers different plans to fix the budget and shopping preference of the consumer with more layaway options like:

Down Payment: The consumer will have to put either $15 or a particular proportion at the cost of the item (whichever is higher). Service fee of $5 is added at the time of layaway. If the consumer does not want to buy the item, they will be refunded. However, $10 will be taken as the cancellation fee.

Payoff Period: The consumer will get to pay the balance in four payments in the time period of eight weeks. Kmart offers 12 week option for the coming layaway on the purchase of $300 or more, but the consumer will be faced with a $10 service fee, a $20 cancellation fee, and a 10% down-payment. If the consumer does not make the payment within 7 days after the due date, then their item will be taken back with a minus in the refund fee.

Price Adjustments: The consumer can ask for one-time price adjustment, if the item they chose goes on sale within 14 days of their layaway.

Limitation: Items like gift cards, doorbuster sales, and liquor are completely prohibited from layaway.

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