Madison Avenue Couture offers an interest-free 30-day layaway plan on any item of $3,000 or more. For layaways longer than 30 days, we offer Affirm financing. You can read about Affirm on here
To place an item on layaway, contact us at email@example.com and we will send a payment link. We require 50% of the selling price at initial checkout and 50% at the end of the 30 days.
Any layaway can be completed early by paying in full. The purchased item will be sent on completion of the final payment.
Layaway Cancellation And Extension
If a layaway is canceled after the initial payment, we will issue a store credit for the initial payment less 15% of the item’s purchase price.
Store credits must be used within one year from date of issuance.
Any extension of the layaway period is subject to our discretion. If we agree to extend the layaway period, we will charge a non-refundable fee of 10% on the purchase price of the item payable on the next payment date. All requests for extension must be received five business days before the next payment date.
Non-Payment Of Layaway Payment
If we do not receive notification that the layaway plan has been canceled or a request for extension and we have not received the next installment, we will determine that the buyer is in default within 24 hours after the installment due date. Being in default, we are not obligated to refund any of the funds that were paid to date.
An exchange of the item on layaway is treated the same way as cancellations. Exchanges made after the first payment will be subject to at 15% fee.