In-store layaway usually refers to the traditional method of layaway, where you pay an initial deposit and small service fee, plus regular payments every few weeks. For most in-store layaways, you have to physically go into the store to make your layaway payment. On the other hand, online layaway can be paid entirely online, and the items can be shipped to you. When we talk about online layaway, we’re usually referring to Buy Now Pay Later (BNPL) programs. These programs usually have an interest rate between 10-30%, but select retailers may offer 0% interest on some items. The biggest consequence of not paying in-store layaway is that you may not receive any money back that you already paid. If you fail to pay BNPL online layaway programs, you’ll likely incur debt and damage your credit score.