Layaway is an in-store system of letting customers secure an article or product by paying a deposit while the retailer "lay" the product "away"in reservation until the payments are completed by the customer.
This system is widely offered by retailers in North America, Australia and New Zealand. The term "Layaway"is used in North America and referred to as "Layby' in Australia and New Zealand.
Layaway is a standard feature in Aralco Retail POS and its Back Office Server offers reporting to track layaway transactions, payments and its status.
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