Last updated: September 2026

Introduction

The LUXURYWISH Layaway Program provides eligible clients with the option to secure selected luxury pieces through an initial down payment and settle the remaining balance over an approved payment period.

Once a layaway arrangement is confirmed, LUXURYWISH removes the selected item from active sale and reserves it exclusively for the client for the duration of the agreed payment term. In return, the client undertakes to complete all payments strictly in accordance with the agreed schedule.

Accordingly, layaway is not merely a temporary hold or expression of interest. It constitutes a commitment to purchase the specific item identified in the transaction.

By making the required down payment, entering into a layaway arrangement, or otherwise proceeding with the LUXURYWISH Layaway Program, the client acknowledges that they have read, understood, and agreed to these Layaway Policy & Terms and Conditions ("Policy"), together with any transaction-specific terms communicated and accepted at the time of purchase.

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1. Scope and Application

1.1 Covered transactions

This Policy applies to all items expressly approved by LUXURYWISH for purchase under the Layaway Program, including, where applicable, handbags, watches, fine jewelry, small leather goods, footwear, accessories, and other luxury merchandise approved for layaway.

1.2 Program availability

Layaway is offered at the discretion of LUXURYWISH. Not all merchandise is automatically eligible. Eligibility may depend on:

• Item value;
• Item ownership;
• Consignor terms;
• Promotional pricing;
• Market demand;
• Item availability;
• Length of requested payment term; and
• Other reasonable commercial or operational considerations.

Approval of a previous layaway does not guarantee approval of any subsequent request.

1.3 Transaction-specific terms

LUXURYWISH may approve special or extended payment arrangements for certain transactions. Where written terms specifically approved for an individual transaction differ from this standard Policy, the transaction-specific terms shall govern that particular arrangement to the extent of the difference.

2. Layaway Eligibility and Approval

2.1 Eligible items

Only Items expressly confirmed by LUXURYWISH as layaway-eligible may be placed under the program. Certain sale Items, highly demanded Items, newly released Items, rare or limited pieces, consigned Items, promotional Items, or specially sourced Items may be excluded or subject to different terms.

2.2 Approval

All layaway requests are subject to approval by LUXURYWISH. LUXURYWISH reserves the right to decline a request where reasonably necessary to protect its inventory, consignors, commercial interests, or existing client commitments.

3. Required Down Payment

3.1 Standard down payment

Unless otherwise expressly approved, a minimum fifty percent (50%) down payment of the agreed purchase price is required to secure an Item under the LUXURYWISH Layaway Program.

3.2 Application of down payment

The 50% down payment forms part of the total purchase price and shall be credited toward the Client's outstanding balance upon successful completion of the layaway. It is not an additional charge.

3.3 Verification required

An Item is not considered secured merely because the Client has expressed an intention to pay or submitted proof of payment. The Item shall only be considered reserved once:

1. The required down payment has been made;
2. Payment has been successfully received and verified by LUXURYWISH;
3. The Item remains available; and
4. The layaway arrangement has been confirmed by LUXURYWISH.

Until these requirements are satisfied, the Item remains subject to LUXURYWISH's first-to-pay policy.

4. Effect of Confirmed Layaway

Once the required down payment has been verified and the layaway confirmed, LUXURYWISH shall reserve the identified Item exclusively for the Client for the agreed layaway period. During an active and compliant layaway:

• The Item will be removed from general availability;
• LUXURYWISH will not knowingly sell the Item to another Client;
• The agreed purchase price will remain fixed, subject to these Terms; and
• The Item will remain reserved until full payment, cancellation, or default.

The reservation applies solely to the specific Item identified in the confirmed transaction.

5. Standard Layaway Period

5.1 Payment term

The standard LUXURYWISH Layaway Program is available for a period of one (1) to three (3) months at 0% interest, depending on the approved transaction.

5.2 Commencement

The layaway period begins on the date the required down payment is received and verified, unless another commencement date is expressly confirmed by LUXURYWISH.

5.3 Final due date

The entire outstanding balance, together with any applicable late fees or other agreed charges, must be fully settled on or before the confirmed final due date. The final due date forms a material part of the layaway agreement.

6. Payment Schedule

6.1 Agreed schedule

The Client shall make payments in accordance with the schedule confirmed by LUXURYWISH at the commencement of the layaway. The payment schedule may provide for monthly payments or another arrangement expressly approved by LUXURYWISH.

6.2 Client responsibility

It is the Client's responsibility to monitor and comply with all payment deadlines. The absence of a payment reminder from LUXURYWISH does not cancel the payment obligation, extend the due date, waive a late fee, or modify the agreed schedule.

6.3 Additional payments

The Client may make additional or advance payments toward the outstanding balance at any time. Unless otherwise agreed, additional payments shall reduce the outstanding balance but shall not automatically modify the remaining due dates.

7. Payment Methods and Verification

All layaway payments must be made through payment methods accepted by LUXURYWISH. A payment shall only be considered received once successfully verified and cleared by LUXURYWISH.

A screenshot, deposit slip, transfer confirmation, transaction reference, pending bank transfer, pending card payment, or similar evidence does not by itself constitute confirmed receipt of payment.

The Client is responsible for providing accurate payment details and sufficient information for LUXURYWISH to identify and verify each payment.

8. 0% Interest

Approved standard layaway arrangements are offered at 0% interest for the agreed layaway period. The 0% interest arrangement does not exempt the Client from:

• Applicable late fees;
• Payment processing charges, where applicable;
• Credit card or third-party provider charges;
• Shipping or delivery charges, where applicable; or
• Other charges expressly disclosed and accepted in connection with the transaction.

9. Late Payments

9.1 Payment deadline

Each payment must be made on or before its confirmed due date.

9.2 Late fee

A ₱1,000 late fee per week shall apply to an overdue payment, subject to applicable law. The late fee shall continue to accrue for each applicable week that the payment remains overdue until the account is brought current, the arrangement is modified in writing, or the layaway is cancelled.

9.3 Outstanding late fees

Any unpaid late fee shall form part of the amount required to fully settle the layaway. An Item will not be released while an applicable outstanding balance or charge remains unpaid.

10. Payment Extensions

10.1 No automatic extension

A Client is not automatically entitled to an extension of the agreed payment schedule or final due date.

10.2 Requests for accommodation

If the Client anticipates difficulty making a scheduled payment, the Client should contact LUXURYWISH before the applicable due date. LUXURYWISH may, at its discretion, decline the request, approve a short extension, approve a revised payment schedule, or impose reasonable conditions upon the accommodation.

10.3 Written approval required

An extension or revised payment arrangement is valid only when expressly confirmed by LUXURYWISH in writing. A verbal request, unanswered message, or prior accommodation does not constitute approval.

10.4 No continuing waiver

An extension granted on one occasion does not entitle the Client to future extensions and does not waive LUXURYWISH's right to enforce subsequent payment deadlines.

11. Events of Default

A Client may be considered in default where the Client:

1. Fails to make a required payment on time;
2. Fails to settle the full outstanding balance by the final due date;
3. Repeatedly fails to comply with the agreed payment schedule;
4. Abandons the layaway;
5. Becomes unreachable for an unreasonable period while payments remain overdue;
6. Provides false, misleading, altered, or fraudulent payment information;
7. Initiates an improper payment reversal or chargeback;
8. Attempts to transfer the layaway without approval; or
9. Materially breaches this Policy or the transaction-specific layaway agreement.

12. Consequences of Default

Upon default, and subject to applicable law, LUXURYWISH reserves the right to:

• Suspend the layaway;
• Cancel the layaway;
• Decline further extensions;
• Release the Item from reservation;
• Return the Item to active inventory;
• Offer or sell the Item to another Client; and
• Exercise any other right available under the applicable agreement or law.

12.1 Forfeiture of 50% down payment

12.2 Payments in excess of the down payment

Where the Client has made payments exceeding the initial 50% down payment at the time of default, the treatment of amounts exceeding the forfeitable down payment shall be determined in accordance with the applicable transaction terms and Philippine law.

13. Reinstatement After Default

Cancellation of a layaway due to default terminates the Client's reservation of the Item. LUXURYWISH is under no obligation to reinstate a cancelled layaway. Any request for reinstatement shall be:

• Subject to management approval;
• Subject to the Item still being available;
• Subject to settlement of outstanding charges; and
• Subject to any revised terms required by LUXURYWISH.

Previous payments or previous approval do not guarantee reinstatement.

14. Voluntary Cancellation or Change of Mind

15. Non-Transferability

A confirmed layaway is personal to the Client and applies only to the specific Item identified in the agreement. Without prior written approval from LUXURYWISH, the Client may not:

• Transfer the layaway to another person;
• Transfer payments to another account;
• Apply the down payment to another Item;
• Exchange the reserved Item for another Item; or
• Substitute another Item solely because of a change in preference.

Any exception is entirely subject to LUXURYWISH approval and shall not establish a precedent for future transactions.

16. Item Condition and Client Acceptance

Before entering into layaway, the Client is encouraged to review all available photographs, videos, condition descriptions, measurements, specifications, disclosed flaws, inclusions, and other relevant Item information.

Where requested and available, the Client may also arrange a Private Viewing before committing to layaway.

By proceeding with the required down payment, the Client acknowledges the disclosed condition and characteristics of the Item as presented at the time the layaway is confirmed.

17. Pre-Owned Items

The Client acknowledges that many Items offered by LUXURYWISH are pre-owned. Pre-owned Items may exhibit reasonable signs of prior use, storage, age, natural material variation, patina, creasing, hardware wear, surface marks, or other characteristics consistent with their disclosed condition.

Normal characteristics already disclosed or reasonably visible in the Item information shall not constitute grounds for cancellation of the layaway solely because the Client subsequently changes their preference.

18. Authenticity and Verification

LUXURYWISH stands behind the authenticity of the pieces it offers in accordance with its applicable authenticity policy. Items may undergo authentication, inventory verification, condition assessment, and final quality control before release.

If an Item cannot be authenticated to LUXURYWISH's required standard, is subsequently determined to be inauthentic, or cannot lawfully be sold, LUXURYWISH shall cancel the transaction and refund payments received for the Item in accordance with applicable law. Such cancellation shall not constitute a Client default.

19. Consigned Items

Certain Items offered under layaway may be owned by third-party consignors. Where a consigned Item is accepted under layaway, LUXURYWISH shall administer the transaction in accordance with the applicable consignment arrangement.

Once the layaway has been properly confirmed, LUXURYWISH will use reasonable commercial efforts to maintain the Item's reservation for the Client. If a consigned Item becomes unavailable for reasons not attributable to the Client, LUXURYWISH may, as appropriate:

• Refund payments received;
• Offer an alternative Item with the Client's agreement; or
• Provide another commercially reasonable resolution.

The Client will not be required to accept a substitute Item.

20. Price Protection

Once a layaway has been confirmed, the agreed purchase price shall remain fixed for the duration of the approved layaway period, provided the Client remains compliant with the agreement. The Client will not be charged an increased price solely because of subsequent:

• Market appreciation;
• Retail price increases;
• Changes in resale value;
• Foreign exchange movements; or
• Increased demand for the Item.

Likewise, a subsequent decline in market value, promotional price, or price offered on a similar Item does not automatically entitle the Client to a reduction of the agreed purchase price.

21. Promotional and Sale Items

Promotional pricing, discounts, extended layaway periods, waived charges, or other benefits may be subject to additional conditions. Unless expressly stated otherwise:

• Promotions may not be combined;
• Promotional benefits are personal to the approved transaction;
• A promotional layaway remains subject to timely payment; and
• Default or cancellation may result in the loss of unfulfilled promotional benefits.

Special promotional layaway periods, including extended payment arrangements, apply only where expressly approved by LUXURYWISH.

22. Early Settlement

The Client may settle the entire outstanding balance before the final due date without penalty.

Early settlement does not automatically guarantee immediate release. The Item may still be subject to payment verification, authentication clearance, condition inspection, inventory verification, preparation of inclusions, and standard fulfillment processing.

23. Ownership and Possession

Payment of the down payment or partial installments gives the Client a contractual reservation of the Item subject to this Policy but does not transfer physical possession of the Item.

The Item shall remain under the possession and control of LUXURYWISH until the transaction has been fully settled and cleared for release. No Item shall be partially released during the layaway period.

24. Item Release

The reserved Item shall only be released after:

1. The entire purchase price has been paid;
2. All applicable late fees and agreed charges have been settled;
3. All payments have been verified;
4. Required authentication or verification procedures have been completed; and
5. LUXURYWISH has cleared the Item for release.

No exception shall be implied merely because a substantial portion of the purchase price has already been paid.

25. Inclusions

Any box, dust bag, strap, lock, keys, clochette, receipt, authentication certificate, card, booklet, pouch, accessory, or other accompanying material shall be included only where expressly identified as part of the Item's confirmed inclusions.

The Client should review the inclusions before confirming the layaway. The absence of an accessory that was never represented as included shall not constitute grounds for cancellation.

26. Shipping, Delivery and Pickup

Following full payment and clearance for release, fulfillment shall proceed according to the Client's confirmed arrangement and LUXURYWISH's applicable delivery procedures. Depending on the transaction, fulfillment may include showroom pickup, Metro Manila delivery, provincial shipment, or international shipment.

Any shipping, courier, insurance, customs, duties, taxes, or related charges not expressly included in the purchase price shall remain subject to the applicable transaction terms.

27. Client Contact Information

The Client is responsible for maintaining accurate and active contact information throughout the layaway period. Any change in mobile number, Viber account, email address, delivery address, or other relevant contact information should be communicated promptly to LUXURYWISH.

LUXURYWISH shall not be responsible for missed notices or delays resulting from inaccurate, inactive, or outdated contact information supplied by the Client.

28. Communications and Payment Reminders

LUXURYWISH may communicate with the Client through its official communication channels regarding payment reminders, outstanding balances, due dates, payment verification, authentication, fulfillment, and other transaction matters.

Payment reminders are provided as a courtesy only. The Client's obligation to pay on time exists regardless of whether a reminder is sent or received.

29. Fraudulent or Disputed Payments

LUXURYWISH reserves the right to suspend release or cancel a layaway where there is a reasonable concern involving:

• Fraudulent payment;
• Unauthorized payment;
• Chargeback;
• Reversed transfer;
• Altered payment documentation;
• Identity misrepresentation; or
• Other suspicious financial activity.

Where necessary, LUXURYWISH may withhold release while the matter is investigated and may require additional verification.

30. Cancellation by Luxurywish

LUXURYWISH may cancel a layaway where:

• The Client materially breaches this Policy;
• Payment fraud or suspicious activity is identified;
• The Item fails authentication;
• The Item becomes unavailable through circumstances beyond reasonable control;
• Continuing the transaction would violate applicable law;
• A material inventory error is discovered; or
• Performance becomes impossible due to loss, damage, or another material circumstance.

Where cancellation is not attributable to Client default, LUXURYWISH shall provide the appropriate refund or other remedy required under the circumstances and applicable law.

31. Returns, Exchanges and Refunds After Completion

Completion of a layaway does not create additional return or exchange rights merely because the purchase was paid over time. Once fully paid and released, the transaction shall be governed by LUXURYWISH's applicable Sale, Return & Refund, and Authenticity policies.

Nothing in this Policy limits any mandatory right or remedy available under applicable Philippine law.

32. Storage After Full Payment

Once the Client has been notified that the fully paid Item is ready for release, the Client should arrange pickup, delivery, or shipment within a reasonable period.

Where an Item remains unclaimed for an extended period despite reasonable attempts by LUXURYWISH to coordinate release, LUXURYWISH may require the Client to make appropriate arrangements and may apply reasonable storage or handling measures where previously disclosed and permitted by law.

33. Force Majeure and Circumstances Beyond Control

LUXURYWISH shall not be considered in breach solely because of a reasonable delay caused by circumstances beyond its control, including natural disasters, severe weather, transportation disruption, government restrictions, banking or payment network outages, civil disturbance, security incidents, courier disruption, or other comparable events.

Where such circumstances materially affect fulfillment, LUXURYWISH will take commercially reasonable steps to communicate with the Client and complete or otherwise resolve the transaction.

34. Limitation of Liability

To the extent permitted by applicable law, LUXURYWISH shall not be liable for indirect, incidental, special, exemplary, or consequential losses arising solely from participation in the Layaway Program. Nothing in this Policy shall exclude or limit liability that cannot lawfully be excluded or limited.

35. No Waiver

Failure or delay by LUXURYWISH in enforcing any payment deadline, late fee, default provision, or other right shall not constitute a waiver of that right. Acceptance of a late payment on one occasion does not require LUXURYWISH to accept late payments on future occasions. Any waiver or exception must be expressly approved by LUXURYWISH.

36. Severability

If any provision of this Policy is held to be invalid, unlawful, or unenforceable by a competent authority, that provision shall be limited or severed only to the extent necessary. The remaining provisions shall continue to apply to the fullest extent permitted by law.

37. Amendments

LUXURYWISH may revise its standard Layaway Policy from time to time. Any revision shall apply prospectively. Unless otherwise required by law or agreed with the Client, the terms applicable to an existing confirmed layaway shall be those accepted when that layaway was entered into.

38. Governing Law

This Policy and all layaway transactions governed by it shall be construed in accordance with the laws of the Republic of the Philippines. Nothing in this Policy shall be interpreted as excluding, restricting, or waiving any right or remedy that cannot legally be excluded, restricted, or waived.

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39. Client Acknowledgment

By proceeding with the LUXURYWISH Layaway Program, the Client expressly acknowledges and agrees that:

1. Layaway constitutes a commitment to purchase;
2. A minimum 50% down payment is required unless otherwise approved;
3. The standard layaway term is one (1) to three (3) months at 0% interest, as approved for the transaction;
4. The Item is secured only after the required down payment has been received, verified, and confirmed by LUXURYWISH;
5. The Client is responsible for complying with all payment due dates whether or not a reminder is received;
6. A ₱1,000 late fee per week applies to overdue payments, subject to applicable law;
7. Any extension requires prior written approval from LUXURYWISH;
8. Failure to complete payment within the agreed layaway period will result in cancellation and forfeiture of the 50% down payment, subject to applicable law;
9. A voluntary change of mind or cancellation does not entitle the Client to the return of the 50% down payment, subject to applicable law;
10. The layaway and down payment may not be transferred to another person or Item without prior written approval;
11. The reserved Item will not be released until the entire purchase price and all applicable charges have been paid and verified;
12. The Client has reviewed and accepted the Item's disclosed condition, specifications, and inclusions;
13. Special or promotional layaway arrangements may be governed by additional transaction-specific terms; and
14. The Client has read, understood, and voluntarily agrees to this Policy.