Allow Customers to Purchase, Using Installment Payments
Use Layaway to allow your customers to purchase items using installment payments (prepaid or layaway). The feature is ideal for merchants wanting to provide additional payment flexibility
Key Features
Available for use on Window POS
Report on the status of all layaway transactions with balances and payment history
Offer your customers flexible payment options for higher prices items
Inventory is not affected until the layaway transaction is completed and product is given to the customer
You set the layaway terms to allow for set payments, cancellation fees, and initial setup fees
Customer terms and conditions are printed on the receipt so you can retain signed acceptance
Increase sales opportunities by expanding your payment options
Canceled layaway transactions can have balances transferred to a gift card
Offer your customers an interest free payment option to provide more sales opportunities.
MAKE HIGH END PRODUCTS AFFORDABLE
Offering a layaway plan brings high end products within the financial; reach of more customers.
TRACKING OF LAYAWAY HISTORY
On the POS, you have access to see all payment history on the transaction, including dates of payments, amounts and any fees charged.
AVAILABLE ON WINPOS
Retailcloud’s layaway (prepaid) program is available on our Windows POS.
CUSTOMIZED SET UP OF TERMS
You set the terms and conditions for your program and they are printed on every payment receipt for full customer disclosure.
CUSTOMER SIGNATURE OF ACCEPTANCE
Initial payment and all partial payments display the terms on the receipt with signature line to prove acceptance.
PAYMENTS MAKE ON POS
The POS has easy access to accepting layaway payments, using any tender.
EASY SET UP FOR INSTANT AVAILABILITY
Your custom layaway program is easily set up and immediately ready for your first transaction.
ITEMS TAKEN FROM INVENTORY AT COMPLETION
Items on hold for layaway are not removed from your inventory count until you have completed the sale and actually given the merchandise to the customer.
REPORTING OF ALL LAYAWAY TRANSACTIONS
Reports are available to show all layaway transaction with current status, balances, and last payment date.
SET MINIMUM PAYMENTS
You have the flexibility to set up minimum payment terms, which can be dollar or percent.
SET CANCELLATION POLICY
You set the cancellation policy which is disclosed to the customer so that all parties are aware.
ABILITY TO MODIFY LAYAWAY TERMS
You have the ability to modify your layaway terms if your business needs change, with changes immediately reflected.
BALANCES AND PAYMENT HISTORY ON POS
You have quick access to see all layaway payments, fees paid and balance for each layaway transaction.
TERMS DISCLOSED TO CUSTOMER ON SALES RECEIPT
Your customers are fully informed of your terms as they are printed on every payment receipt.
Click below to view demo, to get a sense of what layaway can do for you.
Take Advantage of the retailcloud Platform
You will be connected into the retailcloud platform so you can take advantage of a wide variety of tools. Start with what you need and add features as you grow.