Layaway Policy
Luxurywish Layaway Policy
At Luxurywish, we value our clients’ flexibility needs while maintaining fairness and accountability. The following terms apply to all layaway agreements to ensure a seamless experience:
Layaway Duration & Late Fees:
Clients are required to complete payments within the specified layaway period agreed upon at the outset of the transaction. Any layaway items retained beyond this duration will incur additional charges.
• A late fee of 1,000 PHP per week will be assessed for each week that a layaway payment is overdue. This policy enables us to manage inventory effectively while encouraging adherence to agreed payment schedules.
Cancellation Terms for Pending Transactions:
• In cases where a transaction remains pending for more than two months, Luxurywish reserves the right to cancel the layaway arrangement at our discretion.
• For canceled transactions, clients will receive an 80% refund of payments made. A 20% inconvenience fee will be retained to account for the opportunity cost of holding an item that could have otherwise been available for sale to other clients. Upon cancellation, Luxurywish retains full discretion to return the item to the market.
Extended Layaway Agreements
• For layaway agreements that extend beyond one month, Luxurywish’s standard layaway policies will apply from the date of extension, unless otherwise agreed upon. The item will remain the property of Luxurywish until all payments are completed in full.
• Any extensions or modifications to the layaway period require mutual consent between the client and Luxurywish.
Our Commitment to Client Satisfaction
Luxurywish is committed to delivering a smooth and transparent layaway experience while safeguarding both client interests and business standards. We thank our clients for their cooperation and understanding, and we look forward to assisting them with their luxury needs.