Consumer Terms & Conditions
eLayaway, LLC is an online payment processor that provides merchants with the ability to accept payment on layaway terms based on their individual preferences. eLayaway™ and its affiliates offers its services to consumers subject to the following TERMS and CONDITIONS.
- eLayaway™ charges a flat 1.9% transaction fee on the final balance (including sales tax and shipping where applicable).
- Unless otherwise specified in the merchant’s TERMS and CONDITIONS, installment payments are derived by equally dividing the final balance over the term of the transaction. The first of these payments is considered the deposit.
- Payment terms and schedules are set by each individual merchant. eLayaway™ does not limit any transaction due to final amount (minimum or maximum) or payment terms.
- eLayaway™ charges a $25 cancelation fee for each transaction canceled before its maturity. This fee is in addition to the 1.9% transaction fee. Any balance on the account will be returned to the consumer.
- Default is defined as two consecutive payments that are returned from the consumer's bank. If a consumer defaults, on the eLayaway™ account, the account will be assessed a cancelation fee of $25 in addition to any fees charged by the transacting banks. This fee is in addition to the 1.9% transaction fee. Any balance on the account will be returned to the consumer.
- If any scheduled payment is unsuccessful, the user's account will be assesed a $5 fee per instance.
- In the event a merchant cannot complete the transaction as agreed, the consumer will receive a full refund.
- eLayaway™ makes no representation or warranties of any kind, expressed or implied, as to the information, content, materials or products sold by our network of merchants.
- In addition to these TERMS and CONDITIONS, your purchase may be subject to the merchant’s additional TERMS and CONDITIONS whom, for the sake of this transaction, supersede eLayaway’s TERMS and CONDITIONS where applicable.
