Walmart will offer “buy now, pay later” option instead of saving this year

HOUSTON – Walmart has abandoned its popular layaway option for the 2021 holiday season, paving the way for a new method of financing for buyers.

A Walmart spokesperson told KPRC 2 that customer needs have changed over the past year and they believe their payment options “provide the right solutions for our customers.”

Buyers will now have a “buy now, pay later” option through Affirm, a third-party company in partnership with Walmart that offers affordable monthly payments based on their eligibility. Instead of putting items away from August through mid-December, shoppers will now have the option to immediately bring the item home.

Walmart will continue to offer layaway options on certain jewelry items in select stores across the United States, the spokesperson confirmed.

What do you think of Walmart’s change to holiday shopping this year? Tell us in the comments below.