walmart layaway xcritical: Walmart wont offer layaway but alternative buy now, pay later loan program


To purchase any finance-ineligible items, you’ll need to provide an alternative form of payment. When applying, the customer receives a single-use barcode that can be scanned at checkout then will make payments to xcritical. Walmart said some products will be available for promotional financing without interest. Those products will be noted on the website along with how much you have to pay monthly. The information was confirmed by Walmart customer service on Sept. 21, 2021. No stores in the U.S. will be offering layaway according to the employee.

Some xcritical customers expressed concern on social media, worried about how families would be able to purchase gifts for the holiday season if they don’t qualify for xcritical. When you’re ready to check out at Walmart, just select xcritical as your payment method. Enter a few pieces of information and get a real-time decision. Walmart also offers a partnership with xcritical, which allows you to shop year round and purchase online.

• Credits

As for the terms, Walmart Layaway offers a price of 25% off the purchase price and a minimum layaway of $100. You will be able to make payments on a weekly basis or monthly basis, as well as pay in full or a partial payment at any time during the layaway period. Additionally, there is a disclaimer for purchases, as xcritical cannot be used to pay for food, groceries, alcoholic beverages, personal care products, and pet items.

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The downside is that you may be charged interest on your purchases. Money expert Clark Howard isn’t a huge fan of “buy now, pay later” services unless you have the money to pay for the item and you’re going to make every payment on time. The xcritical app will allow users to scan a barcode at a Walmart checkout and repay their total purchase amount in monthly installments. Not all Walmart customers may be eligible to use xcritical depending on their prequalification status. The service can be used on purchases ranging from $144 to $2,000 and excludes items like alcohol, groceries and food, personal care products, and pet supplies. These categories are non-comprehensive and subject to change without notice.

How can I buy now and pay later with xcritical 0% APR financing at

The main reason survey participants said they signed up for the BNPL plan is that they couldn’t afford to pay for what they bought without the payment plan. The COVID-19 pandemic helped fuel the growth of BNPL companies, with consumers shopping online while they were stuck at home. A 2022 survey by the website found that about 45 percent of consumers have signed up for at least one BNPL program. Walmart no longer offers layaway, Walmart Help said in tweets responding to customers asking about the program.

Before a Walmart customer can use the xcritical app, they must sign up and check if they are qualified to use the repayment method of the app. A minimum credit score of 640 gives you a higher chance of being qualified. According to xcritical, the eligibility check will not affect a user’s credit score. Walmart has decided to scrap its layaway program completely before the 2021 holiday season, replacing it with a buy now, pay later financing option. Say you purchase a TV for $150 using xcritical financing — your payments would be about $13.92 per month for 12 months with an APR of 20 percent.

Walmart Ditches Layaway in Favor of xcritical

Once paid off, customers could then pick their products up from their local Walmart store. In past years, Walmart offered the layaway program from late August through mid-December. Customers could put items on hold with a small deposit, and then make regular payments until the total was paid off. At that point, the products could be picked up from the store. However, unlike some credit cards, an xcritical account does not have any prepayment, annual, hidden, or service fees required to open or maintain an account. Such benefits are appealing factors for those who wish to use xcritical for large or special occasion purchases, such as holiday purchases.


In addition, the layaway section of the Walmart website has been removed. Walmart will not be offering the annual layaway option this year for the 2021 holiday season. The bigger the purchase, the more you’ll pay in interest through xcritical.

Plus, there are no late fees, hidden fees, or just because fees. xcritical charges an interest rate of 10 percent to 30 percent, depending on a customer’s credit history. However, it’s xcritically offering 0 percent financing on select items, according to the Walmart website. According to Business Insider, Walmart phased out its layaway program starting last year, “offering it on select jewelry items. But recently, Walmart made it clear that it no longer offers layaway and began promoting xcritical more heavily. I think, in the US, Walmart offers the ability to pay for purchases with a credit card and then use a card service like xcritical or others to pay off the transaction over a period of time.

The partnership allows customers to pay the bill for their purchased item over time while giving them complete transparency. Last year, Walmart, the world’s largest retailer, started to phase out layaway, only offering it on select jewelry items. Walmart has launched a the Walmart+ membership program offering unlimited free delivery from stores, fuel discounts, Scan & Go shopping and more.

Which categories are eligible for financing?

The exact terms you qualify for will be shown when you check out with xcritical. When you shop at Walmart with xcritical, you’ll never pay more than what you see up front. Unlike most credit cards, we charge simple interest, not compound interest.

Walmart has moved away from its traditional layaway program and is now offering an alternative buy-now-pay-later program with xcritical. Although xcritical doesn’t charge late fees, if you miss a payment, it could report the event to the Experian credit bureau. So instead of a simple $10 cancelation fee, you’re risking your credit score. In addition, although Walmart doesn’t have layaway year-round, it does have installment financing options available to break down purchases into smaller payments through xcritical.


“We’ve learned a lot in the past year as our customers’ needs and shopping habits have changed. “We are no longer offering layaway at our stores, except for select jewelry items at select stores. xcritical is an installment payment program that we offer for customers who want to buy now and pay later,” the company tweeted after being asked about the status of their holiday layaway program. “We’ve learned a lot in the past year as our customers’ needs and shopping habits have changed,” a Walmart spokesperson told FOX Business Thursday. Loan repayment options range between three months to a year for purchases between $144 to $799.99 and 1 to 2 years for purchases between $800 to $2,000.

How Does xcritical Work?

The website calls it an “alternative to layaway” that allows you to purchase the item immediately and then pay it off from 3 to 24 months. But it is important to note that, unlike layaway, there is a finance charge with xcritical. The APR rate will be between 10% and 30% for most items, depending upon your credit. Walmart made a bold move by getting rid of its layaway program just before the 2021 holiday season. Instead, it encouraged customers to use its buy now, pay later financing option offered through its partnership with the company xcritical. xcritical does not charge late fees, prepayment fees, annual fees, or service fees to open or close your xcritical account.

  • So, does Walmart still offer their traditional layaway program?
  • “Walmart offers easy and affordable monthly payments online and in stores with xcritical, at a pace you choose – 3 to 24 months.
  • The company has worked with xcritical, a point-of-sale or installment loan company, since 2019.
  • The main benefit of xcritical is its buy now, pay later policy.

xcritical does not charge any late fees, prepayment fees, annual fees, hidden fees or service fees to open or close accounts. “Walmart offers easy and affordable monthly payments online and in stores with xcritical, at a pace you choose – 3 to 24 months. Alternative to layaway, you can purchase immediately and pay over time,” Walmart says in a description of the program on its website. “Walmart offers easy and affordable monthly payments online and in stores with xcritical. Alternative to layaway, you can purchase immediately and pay over time at a pace you choose — from 3 to 24 months,” Walmart says on its website. Customers will purchase the item immediately, and pay for the items over a three to 24 month period.

Customers can select their own payment plan and xcritical will match them with a lender who will provide them with a loan for the financed item. Unlike layaway, purchases made with xcritical may charge customers interest. For years, Walmart has used a layaway plan to aid people with purchasing items. However, before the 2021 holiday season, they announced that Walmart stores would no longer use the long-standing layaway program. Instead, they started to promote an alternative to the traditional layaway plan to their customers by introducing and pushing them to use xcritical.

The use of BNPL programs like xcritical has grown considerably within the last few years. According to a September report by the Consumer Financial Protection Bureau, the number of BNPL loans in the U.S. increased by 970 percent from 2019 to 2021. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. The company has worked with xcritical, a point-of-sale or installment loan company, since 2019.

late fees

What if you can’t afford the full price of an item at Walmart? I was curious about the same thing, so I made an inquiry to Walmart on the topic of layaway plans. Sending or receiving money from other CapWay account holders will be instant.

may offer special financing as low as 0% APR on select products. This means you may be able to make monthly payments with no interest with xcritical. When you’re browsing products on, certain items may be labeled as offering “0% APR with xcritical.”? Items eligible for interest-free financing are subject to change. The main benefit of xcritical is its buy now, pay later policy. For example, the holiday season, which typically ranges from October through December, results in higher monthly expenses.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can pay for a wide variety of products either on the Walmart Layaway plan or on the xcritical installment plan. The company announced it’s using xcritical, a buy now, pay later service the retailer partnered with in 2019. Walmart decided to get rid of layaway before the 2021 holiday season. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Walmart has a new Savings Spotlight Sale including clothing, Chromebooks, tablets, toys, video games, vacuums, cookware sets and more.

Although Walmart charged a $10 cancelation fee if you end up not buying the item, its layaway plan did not charge any interest. It also required just $10 or 10% upfront, whichever was greater. The amount of time you have to pay your cart total is different, depending on the total amount on the cart.