Member Terms & Conditions
eLayaway, Inc. 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 with a minimum fee of $2.00 (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.
- The eLayaway cancelation fee charged to consumers is either $25 or 10% of the price of the item placed on layaway; whichever is less. The remaining balance is returned to the consumer's bank account.
- 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 or 10% of the price of the item placed on layaway; whichever is less, in addition to any fees charged by the transacting banks. 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.
- eLayaway IS NOT RESPONSIBLE FOR ANY BANK CHARGES A MEMBER MAY INCUR DUE TO FAILED PAYMENTS.
- In addition to these TERMS and CONDITIONS, your purchase may be subject to the merchant’s additional TERMS and CONDITIONS, which for the sake of this transaction, supersede eLayaway’s TERMS and CONDITIONS where applicable.
