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Wow!It looks like these coins will not be spent on savings Walmart this holiday.
It looks like this company-with total revenue of $559 billion in 2020-has decided to cancel its installment plan.
This allows customers to hold their items with a deposit and make interest-free, regular payments until they pay the balance in full.
“In the past year, as customer needs and shopping habits have changed, we have learned a lot. Last holiday, except for selected jewelry items in select stores, we cancelled seasonal installments from most stores. According to what we have learned, we believe that our payment method provides the right solution for our customers,” the store said in a statement.
Wal-Mart will now provide “confirmation” as an alternative to installment payments. As you know, Affirm allows people to buy goods and then pay for overtime for 3 to 24 months.
The plan will require customers to apply for loans and will charge interest.
according to Fox 8, “This process requires customers to apply for loans to pay for their items. Although there are no late fees, prepayments or annual fees, customers do pay 10% to 30% interest.”
Customers can buy electronic products, video games, tools, jewelry, musical instruments and clothing.
Roommates, what do you think?
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