eLayaway, Inc. is an online payment processor that provides Quantum Mechanix Inc. (QMx) with the ability to accept payment on layaway terms based on customer's individual preferences. eLayaway and QMx offers its
services to consumers subject to the following TERMS and CONDITIONS:
eLayaway charges a flat 1.9% transaction fee on the final
balance with a minimum fee of $2.00 (including sales tax and shipping
Installment payments are derived by
equally dividing the final balance over the term of the transaction.
QMx offers eLayaway as a payment option on product purchases over a certain amount. If you don't see the eLayaway logo on the product page, or eLayaway doesn't appear in the checkout process under payment options, that purchase cannot be made using the eLayaway service.
The eLayaway cancellation fee charged to
consumers is either $25 or 10% of the price of the item placed on
layaway; whichever is less. The remaining balance is returned to the
consumer's bank account.
Default is defined as two consecutive payments that are returned
from the consumer's bank. If a consumer defaults on the eLayaway
account the account will be assessed a cancellation fee of $25 or 10%
of the price of the item placed on layaway, whichever is less, in
addition to any fees charged by the transacting banks. Any balance on
the account will be returned to the consumer.
If any scheduled payment is unsuccessful, the user's account will be assessed a $5 fee per instance.
In the event a customer defaults on or cancels a purchase, their product and associated edition number (for limited edition products) will be made available to the next customer purchasing that product. Products and their associated edition numbers will only be held while the eLayaway payments for that product are being made and the eLayaway account associated with that purchase is in good standing.
eLayaway and/or QMx are NOT RESPONSIBLE FOR ANY BANK CHARGES A MEMBER MAY INCUR DUE TO FAILED PAYMENTS.
addition to these TERMS and CONDITIONS, your purchase may be subject to additional TERMS as set forth by QMx for all purchases made through this website.