Toys R Us has launched an in-store layaway program in time for the upcoming holidays. Through the Toys R Us "Big Gift" layaway program customers may reserve toys and baby products early in the season and make a series of small payments over an extended period. The layaway program is available beginning today in Toys R Us and Babies R Us stores.
The press release for the layaway announcement says the program requires a deposit of 20% of the total purchase, including taxes and a $10 service charge. Payments can be made at the store at any time in the form of cash, check, credit card, debit card or gift card. The press release does not say customers can pay online.
Toys R Us says they will have merchandise available within 7-10 days of the final payment, so items "must be paid for in full by December 6 to ensure that the gift is available for pickup before Christmas." The press release also says there will be a fee for canceled layaway orders.